Nov 29, 2004 Logitech and Universal Electronics Inc. Enter into Business Relationship and Settle Patent Infringement Litigation
FREMONT, Calif., Nov. 29, 2004, ROMANEL-SUR-MORGES, Switzerland, Nov. 30 and CYPRESS, Calif. Nov. 29, 2004 - Logitech (SWX: LOGN) (NASDAQ: LOGI) and Universal Electronics Inc. (UEI) (NASDAQ: UEIC) today announced that the two companies have entered into a business relationship in which Logitech has licensed certain UEI technologies to be used in the Logitech Harmony line of advanced remote controls. In addition, the parties have agreed to explore mutually beneficial opportunities related to the supply and manufacture of remote controls, including the opportunity for UEI to license certain technology from Logitech. The agreement, the specific terms of which are confidential, is part of an overall business relationship that includes settling patent infringement litigation currently pending in the Federal District Court of the Central District of California between UEI and Logitech. About Logitech Founded in 1981, Logitech designs, manufactures and markets personal peripherals that...
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Nov 17, 2004 Logitech and Skype Announce Marketing Agreement
Range of Co-Marketing Initiatives Includes Free Trial Offer of SkypeOut Service with Logitech USB Headsets FREMONT, Calif., Nov. 17, 2004 and ROMANEL-SUR-MORGES, Switzerland and LUXEMBOURG, Nov. 18, 2004 - Logitech (SWX: LOGN) (NASDAQ: LOGI), the world's leading provider of personal peripherals, and Skype, the Global Internet Telephony Company , today announced an agreement to work together on marketing and promotional initiatives. As part of the agreement, Logitech will bundle up to 120 minutes worth of free vouchers for SkypeOut - the pre-pay service that allows Skype users to call traditional phone numbers - with Logitech USB Headsets sold in Europe, the United States and Canada. The free SkypeOut trial will enable customers of Logitech USB Headsets to experience clear voice communications from their PC to people using a telephone or mobile phone, around the world. In addition, they will be able to use the Skype service to talk to other Skype users on PCs around the world, free of...
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Oct 20, 2004 Logitech Reports Record Q2 Results
Q2 Sales up 12 Percent at $330 Million Operating Income up 8 Percent at $29.6 Million Net Income up 23 Percent at $26 Million FREMONT, Calif., Oct. 20, 2004 and ROMANEL-SUR-MORGES, Switzerland, Oct. 21, 2004 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today reported record Q2 sales and profits, crediting robust retail sales. For Logitech's second fiscal quarter, ended September 30, 2004, sales were $330 million, up 12 percent from $294 million in the same quarter last year. Gross margin was 33.2 percent, up from 31.5 percent a year ago. Operating income was $29.6 million, up 8 percent from $27.4 million last year, reflecting a 23 percent planned increase in operating expenses. Net income for the quarter was $26 million ($.54 per share), up 23 percent from $21.2 million ($.44 per share) in the prior year.

Logitech's retail sales were up 22 percent over Q2 last year, driven by vigorous sales of cordless mice and cordless desktops, gaming peripherals for PCs and...
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Jul 21, 2004 Logitech Reports Record Q1 Sales and Profitability
Q1 Sales up 22 Percent at $267 Million; Operating Income up 175 Percent at $21.6 Million; Net Income up 231 Percent at $18.9 Million FREMONT, Calif., July 21, 2004 and ROMANEL-SUR-MORGES, Switzerland, July 22, 2004 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today reported record Q1 sales and profitability, as the Company continued to execute on its growth strategy. For Logitech's first fiscal quarter, ended June 30, 2004, sales were $267 million, up 22 percent from $218 million for the same quarter one year ago. Gross margin was 34.1 percent - the highest-ever Q1 gross margin for the Company - up from 27.8 percent last year, representing a year-over-year improvement of 629 basis points. Operating income was $21.6 million, up 175 percent from $7.9 million last year. Net income for the quarter was $18.9 million ($.39 per share), up 231 percent from $5.7 million ($0.12 per share) in the prior year. Logitech's retail sales were up 32 percent from one year ago, reflecting robust...
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Jun 24, 2004 Logitech Shareholders Elect Two New Board Members, Approve New Flexibility for Share Buyback Programs
FREMONT, Calif. and ROMANEL-SUR-MORGES, Switzerland, June 24, 2004 - Logitech International (SWX: LOGN) (NASDAQ: LOGI) today announced that its shareholders, voting at the Company's Annual General Meeting in Lausanne, Switzerland, elected two new members to its board of directors - Monika Ribar and Shin'ichi Okamoto, re-elected two members of the board of directors, and approved new flexibility for managing share buyback programs. Monika Ribar is the chief information officer of Panalpina Management, Ltd., a Swiss freight forwarding and logistics services provider with worldwide operations. Ms. Ribar also serves on the board of directors of Julius Baer Holding Ltd. and Bank Julius Baer & Co Ltd. She holds a master's degree in economics and business administration from the University of St. Gallen, Switzerland. Ms. Ribar is a Swiss citizen. Shin'ichi Okamoto is a research and development consultant in Tokyo, Japan. Previously, Mr. Okamoto served in executive and management...
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Jun 23, 2004 Logitech Focuses on Growth and Innovation at Annual Shareholder Meeting
Company to reiterate goals for current fiscal year of 11 percent growth in revenue and 15 percent growth in operating income Shareholders will be asked to elect Monika Ribar and Shin'ichi Okamoto to board of directors, approve new flexibility for share buyback programs FREMONT, Calif., June 23, 2004 and ROMANEL-SUR-MORGES, Switzerland, June 24, 2004 - At its Annual General Meeting for shareholders on Thursday, June 24, 2004 in Lausanne Switzerland, Logitech International (SWX: LOGN) (NASDAQ: LOGI) will review both its financial performance for Fiscal Year 2004 and its growth strategy, as well as highlight directions for continued leadership in innovation. The Company will also reiterate financial goals for the current fiscal year, ending March 31, 2005. In addition, several actions will be put before Logitech's shareholders, including election and re-election of board members and approval of new flexibility in managing share buyback programs. The review of Logitech's financial...
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May 4, 2004 Logitech Acquires Intrigue Technologies, Maker of Acclaimed Harmony Remote Controls
Company continues to expand its presence in the living room as it executes on its growth strategy FREMONT, Calif., May 5, 2004 and ROMANEL-SUR-MORGES, Switzerland, May 6, 2004 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced that it has purchased the maker of the highly acclaimed Harmony Remote advanced remote controls - privately held Intrigue Technologies of Canada - for $29 million in cash, plus a possible performance-based payment, tied to reaching certain future remote control revenues. Intrigue, which will remain in Mississauga, Ontario, has pioneered an innovative approach to solving the problem faced by most consumer households - too many complicated remote controls. Intrigue offers a line of advanced remote controls that are affordable, easy to set up and simple to use.

The acquisition of Intrigue is part of Logitech's strategy to expand its presence in the digital living room. The company already is a leading provider of products for the living...
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Apr 14, 2004 Logitech Board Approves New Share Buyback Program; Appoints Frank Gill as Lead Independent Director
Company board authorizes buyback of up to CHF 250 million in shares; former Intel executive vice president to lead non-executive board members FREMONT, Calif., April 14, 2004 and ROMANEL-SUR-MORGES, Switzerland, April 15, 2004 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced that its board of directors has approved a new share buyback program, which authorizes Logitech to purchase additional shares on the open market from time to time , providing the Company's total ownership does not exceed 10 percent. Currently, Logitech owns approximately 6 percent of its shares outstanding. The board authorized Logitech to invest up to 250 million Swiss Francs (approximately $200 million) for this program. The implementation of this program is subject to approval by the Swiss Takeover Board.

"Logitech generates strong free cash flow," said Kristen Onken, Logitech's chief financial officer. "This buyback program allows us to put this cash to work to further improve...
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Apr 14, 2004 Logitech Closes Record Q4, Delivers Sixth Consecutive Record Year, Exceeds Goals
Q4 FY 2004 Revenue $347 million, up 15% Operating income $44.9 million, up 29% Net income $38.5 million, up 44% Earnings per share $0.78, up from $0.54 Fiscal Year 2004 Revenue $1.268 billion, up 15% Operating income $146 million, up 17% Net income $132 million, up 34% Earnings per share $2.69, up from $1.97 FREMONT, Calif., April 14, 2004 and ROMANEL-SUR-MORGES, Switzerland, April 15, 2004 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today reported its sixth consecutive year of record sales and profitability, finishing with the best fourth-quarter performance in the Company's history. For Logitech's fourth fiscal quarter, ended March 31, 2004, sales were $347 million, up 15 percent from $302 million for the same quarter one year ago. Gross margin was 33.2 percent, up from 31.6 percent last year, representing a year-over-year improvement of 166 basis points. Operating income was $44.9 million, up 29 percent from $34.8 million last year. Net income for the quarter was $38.5...
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Jan 19, 2004 Logitech Continues Strong Growth with Best Quarter Ever
Third Quarter Sales Up 16 Percent at $410 Million Operating Income Up 29 Percent at $65 Million Net Income Up 65 Percent at $67 Million FREMONT, Calif., Jan. 19, 2004 and ROMANEL-SUR-MORGES, Switzerland, Jan. 20, 2004 - Logitech International (Nasdaq: LOGI) (Switzerland: LOGN) today announced the best quarterly financial performance in the Company's history. For Logitech's third fiscal quarter, ended December 31, 2003, sales were $410 million, up 16 percent from $352 million for the same quarter one year ago. Gross margin was 34.3 percent, up from 31.5 percent in Q2 of this fiscal year, and up from 33.3 percent in the same quarter last year. Operating income was $65.3 million, up 29 percent from $50.8 million last year. Net income for the quarter was $66.8 million ($1.35 per share), up from $40.4 million ($0.80 per share) in the prior year. Excluding a one-time favorable impact of $13.4 million from the previously announced release of a valuation allowance on specific deferred tax...
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