Dec 1, 2005 Logitech and Skype Team up on Video; Logitech to Provide Skype-Certified Webcams and Headsets
FREMONT, Calif. & LUXEMBOURG, Dec 01, 2005 (BUSINESS WIRE) - Logitech (SWX:LOGN) (NASDAQ:LOGI), the world's leading manufacturer of webcams, and Skype, a global Internet communications company, today announced that they have teamed up to bring free video calling to Skype users worldwide. The Skype video feature, part of the beta version of Skype 2.0, was released today for evaluation by the Skype community. Logitech and Skype worked in concert to certify Logitech's QuickCam(R) webcams and PC headsets for use with the newly announced Skype Video feature, ensuring that Skype Video and the features of Logitech's webcams provide a superior experience for Skype users. Logitech worked closely with Skype on usability and performance, to ensure people experience fully synchronized, high-quality video and audio communications over the Internet. Skype Video, which includes a full-screen video mode, is an integrated part of Skype 2.0 and is available for free at www.skype.com. The two...
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Nov 16, 2005 Logitech to Begin New Share Buyback Program; Company Announces Completion of CHF 250 Million Buyback, Beginning of CHF 300 Million Buyback
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Nov 16, 2005 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (Nasdaq:LOGI) today announced that it plans to begin its new 300 million Swiss franc (approximately $227 million) share buyback program in late November 2005. The company also announced that it has completed its earlier share buyback program of 250 million Swiss francs. On June 16, 2005 Logitech announced that its board of directors had approved the new buyback program and that repurchases under it would start upon completion of the 250 million Swiss franc program initiated in April 2004, and approval of Swiss regulatory authorities. Under the earlier program, completed on Nov. 16, 2005, Logitech repurchased a total of 7,487,257 shares at an average per share price of CHF 33.39 ($26.80). About Logitech Founded in 1981, Logitech designs, manufactures and markets personal peripherals that enable people to effectively work, play, and communicate in the digital world....
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Nov 14, 2005 Logitech CEO Guerrino De Luca to Present at Morgan Stanley Technology, Media and Telecommunications Conference in Barcelona
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Nov 14, 2005 (BUSINESS WIRE) - Logitech International (SWX:LOGN)(NASDAQ:LOGI) today announced that Guerrino De Luca, Logitech president and chief executive officer, will present at the Morgan Stanley Technology, Media and Telecommunications Conference in Barcelona, Spain on November 18, 2005 at 8:15 Central European Time. A live webcast and replay of the presentation will be available on the Logitech corporate Web site at http://ir.logitech.com.
About Logitech
Founded in 1981, Logitech designs, manufactures and markets personal peripherals that enable people to effectively work, play, and communicate in the digital world. Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and in the U.S. on the Nasdaq National Market System (LOGI). The company has manufacturing facilities in Asia and offices in major cities in North America, Europe and Asia Pacific.
Logitech, the Logitech...
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Nov 14, 2005 Logitech's New Harmony Remote Delivers Advanced Control for Microsoft's Xbox 360; Harmony Remote for Xbox 360 Controls Entire Entertainment System with One-Touch Activity Buttons
FREMONT, Calif., Nov 14, 2005 (BUSINESS WIRE) - Logitech (NASDAQ:LOGI)(SWX:LOGN), today announced the Harmony ® Advanced Universal Remote Control for Xbox 360 ™ , providing gamers and home-entertainment enthusiasts with a single remote that can completely control their game console and any other components in their entertainment system. Specially designed for the Xbox 360 ™ video game and entertainment console from Microsoft, the newest Logitech Harmony remote joins what has become the most popular brand of advanced universal remotes in the U.S. marketplace.
With the Harmony remote, there's no need to juggle remote controls or press a dozen buttons to set up a TV, home-theater receiver, and Xbox 360 for gaming. When people push one button on the Harmony remote, the Xbox 360 and all of the appropriate electronics components are set to the required state for game play. Special console-specific buttons on the Harmony remote make it easy to navigate the Xbox 360 interface. The...
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Oct 26, 2005 Logitech to Hold Investor Day on Wednesday, November 2, 2005 in Boston
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Oct 26, 2005 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (Nasdaq:LOGI) today announced it will hold an Investor Day in Boston on Wednesday, November 2, 2005. The meeting will begin at 9:00 a.m. Eastern Standard Time and will last for approximately three and one half hours. It will feature presentations by senior Logitech executives covering the Company's financial strategies, business processes, growth initiatives and key product strategies. A live webcast and replay of the meeting will be available on the Logitech corporate Web site at http://ir.logitech.com.
About Logitech
Founded in 1981, Logitech designs, manufactures and markets personal interface products that enable people to effectively work, play, and communicate in the digital world. Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and in the U.S. on the Nasdaq National Market System (LOGI). The company has...
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Oct 20, 2005 Logitech Delivers Best-Ever Q2 Results
Revenue Up 28 Percent; Operating Income Up 29 Percent Company Increases Full-Year Targets for Sales and Operating Income FREMONT, Calif., Oct. 19, 2005 and ROMANEL-SUR-MORGES, Switzerland, Oct. 20, 2005 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today posted record Q2 financial results, achieving its twenty-eighth consecutive quarter of double-digit sales growth. For Logitech's second quarter of FY 2006, ended September 30, 2005, sales were $422 million, up 28 percent from $330 million in the same quarter last year. Operating income was $38.2 million, up 29 percent from $29.6 million last year. Net income for the quarter was $36.2 million ($.37 per share), up 39 percent from $26 million ($.27 per share) in the prior year. Gross margin was 31.4 percent, down from 33.2 percent in Q2 FY 2005. Logitech's retail sales in the second quarter were up 29 percent over the prior year, driven by continued explosive growth in audio sales, and strong growth in the video and console-gaming...
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Oct 5, 2005 Logitech Sets Second Quarter Fiscal 2006 Earnings Announcement
FREMONT, Calif., Oct. 5, 2005 and ROMANEL-SUR-MORGES, Switzerland, Oct. 6, 2005 – Logitech International announced that it will release quarterly financial results on Wednesday, October 19, 2005 at 7:00 p.m. Pacific Daylight Time/10:00 p.m. Eastern Daylight Time, Thursday, October 20, 2005 at 04:00 Central European Time. There will be a teleconference to discuss these results on October 20, 2005 at 8:00 a.m. Daylight Time/14:00 Central European Time. A live webcast of the call, along with presentation slides, will be accessible at www.logitech.com/investors. About Logitech Founded in 1981, Logitech designs, manufactures and markets personal peripherals that enable people to effectively work, play, and communicate in the digital world. Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and in the U.S. on the Nasdaq National Market System (LOGI). The company has manufacturing facilities in Asia and offices in major cities in North America, Europe...
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Sep 7, 2005 Logitech Delivers 5.1 Surround Sound Without the Cables
With Dual Wireless Rear Speakers, Logitech Z-5450 Digital System Combines Power and Cordless Freedom; Logitech Z-4 2.1 Speakers Feature New 3-Driver Design FREMONT, Calif. - Sept. 7, 2005 - No more running cables or tripping over speaker wires. Logitech (SWX: LOGN) (NASDAQ: LOGI), a leading manufacturer of multimedia PC speakers, today announced the world's first THX-certified 5.1 speaker system with digital wireless dual rear speakers. The new Logitech® Z-5450 Digital speakers, ideal for use with the living room entertainment center or the office PC, provide flexibility in setting up an instant surround-sound system. Each of the independent rear speakers can be placed anywhere within 8.5 meters (28 feet) of the speaker system control center, requiring only a power outlet; no unsightly speaker wires running around the room, yet no compromise on quality. With THX-certification and 315 watts of power, these speakers help create a theater-quality movie watching experience and provide...
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Sep 7, 2005 Logitech Introduces QuickCam Orbit MP, QuickCam Pro 5000 Performance Webcams
Cameras Improve Video Calling Experience With Greater Light Sensitivity, Acoustic Echo Cancellation, 3D Avatars FREMONT, Calif. - Sept. 7, 2005 - Logitech (SWX: LOGN) (NASDAQ: LOGI), the world's leading manufacturer of webcams, today announced it is extending its innovative new webcam technologies to the new QuickCam® Orbit™ MP and QuickCam® Pro 5000 webcams. The groundbreaking QuickCam Orbit MP webcam combines its elegant design, motorized camera head movement and intelligent face tracking with a true 1.3 megapixel sensor for even higher quality video. The QuickCam Pro 5000 webcam continues the QuickCam Pro tradition of providing high-quality VGA video at an affordable price.
Both new desktop webcams are designed to improve the experience of live video communications and feature the following innovative Logitech technologies:
Logitech® RightLight™ Technology - A system of hardware and software technologies, Logitech RightLight technology vastly improves webcam image...
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Sep 6, 2005 Logitech Unveils World's First Smart Mouse
Logitech MX610 Laser Cordless Mouse Conducts Two-Way Communications with PC: Provides Notification of E-Mail and Instant Messages, Turns On and Off With Computer, Eliminates Interference FREMONT, Calif. - Sept. 6, 2005 - Logitech (SWX: LOGN) (NASDAQ: LOGI), the world's leading manufacturer of computer mice, today unveiled the world's first mouse to receive and process wireless communication from the PC. The Logitech® MX� Laser Cordless Mouse's 2.4 GHz digital cordless technology and sophisticated on-board microprocessor give the mouse this smart capability.
Other cordless mice can only send information in one direction: to the computer. Because Logitech's newest mouse is capable of two-way communication with the computer, the mouse offers new conveniences to the user. It can tell people when their mouse battery is low, and notify them when they receive an important e-mail or instant message (IM). The Logitech MX610 Laser Cordless Mouse knows when the computer is on or off - and...
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Sep 6, 2005 No Cord, No Receiver: Introducing the Logitech V270 Cordless Optical Notebook Mouse for Bluetooth
Ultra-Portable Mouse Connects Directly to Bluetooth Notebooks FREMONT, Calif. - Sept. 6, 2005 - Logitech (SWX: LOGN) (NASDAQ: LOGI), the world's leading manufacturer of computer mice, today introduced the company's first cordless mouse that doesn't need its own receiver. The Logitech® V270 Cordless Optical Notebook Mouse for Bluetooth® uses Bluetooth wireless technology to connect with notebook PCs and Apple® PowerBook® notebooks that have an integrated Bluetooth receiver. It provides mobile professionals a one-piece, ultra-portable alternative to the touchpad.
"This is a realization of how many cordless computer peripherals could work in the future - you turn them on and they directly connect with the computer - no external receiver necessary," said Ashish Arora, Logitech vice president of product marketing for retail pointing devices. "We've taken our best-selling notebook mouse design and removed the receiver to come up with a product that delivers the ultimate in convenience...
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Aug 31, 2005 Logitech Announces Early Redemption of 1% Convertible Bonds
FREMONT, Calif., August 31, 2005 and ROMANEL-SUR-MORGES, Switzerland, September 1, 2005 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced that it is exercising its right to call for an early redemption of all its outstanding 1% convertible bonds due June 8, 2006. Logitech became entitled to exercise this right in late August under the terms of the bonds. The redemption date is November 11, 2005.
Based on Logitech's current share price, the Company anticipates that the convertible holders will elect to convert their bonds into shares. The dilutive impact of these conversions has already been reflected in Logitech's reported diluted net income per share in accordance with U.S. generally accepted accounting principles.
Bonds in an aggregate principal amount of 169.8 million Swiss Francs (approximately 138 million U.S. dollars) are currently outstanding. The redemption price is approximately 1,048.37 Swiss francs per 1,000 Swiss franc principal amount of...
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Aug 16, 2005 Keyboard LCD a Smart Addition to Logitech Cordless Desktop MX 5000 Laser
Using Bluetooth, Keyboard Wirelessly Sends and Receives Information; Built-In LCD Shows Notifications and Media Information, Alleviates On-Screen Monitor Clutter FREMONT, Calif. - Aug. 16, 2005 - Logitech (SWX: LOGN) (NASDAQ: LOGI), the world's leading manufacturer of cordless mice and keyboards, today announced the Logitech® Cordless Desktop® MX™ 5000 Laser, featuring a built-in LCD on the keyboard that helps people manage the constant flow of information that has become an inherent part of working with computers. The LCD screen can display e-mail and instant message (IM) notifications, favorite playlists and Internet radio stations. And by displaying certain information on the LCD - such as the status of the caps lock and F lock keys, volume levels and mute - the keyboard also alleviates visual clutter that would ordinarily be displayed on the computer monitor.
These capabilities mark a shift in the role of a cordless keyboard and mouse on a desktop. The Logitech Cordless...
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Aug 15, 2005 Logitech QuickCam Fusion Delivers Most Sophisticated Hardware and Software Technologies Ever Combined in Consumer Webcam
Webcam Improves Video Calling Experience with 1.3 Megapixel Sensor, Greater Light Sensitivity, Acoustic Echo Cancellation, 3D Avatars FREMONT, Calif. - Aug. 15, 2005 - Logitech (SWX: LOGN) (NASDAQ: LOGI), the world's leading manufacturer of webcams, today unveiled the Logitech QuickCam® Fusion webcam, establishing a new benchmark for consumer webcam performance with its breakthrough audio, video, and software technologies. With a true 1.3 megapixel sensor, Logitech® RightLight™ technology, Logitech® RightSound™ technology and an integrated microphone, the QuickCam Fusion webcam vastly improves audio and video performance over previous-generation webcams. Recommended by Microsoft for use with MSN® Messenger Video Conversation, the QuickCam Fusion webcam makes the experience of synchronized voice and video calling over the Internet better than ever before.
The QuickCam Fusion webcam is the first webcam to come with Logitech® Video Effects software, also announced today, offering...
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Aug 3, 2005 Logitech CFO Kris Onken Prepares to Retire
FREMONT, Calif., Aug. 3, 2005 and ROMANEL-SUR-MORGES, Switzerland, Aug. 4, 2005 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced plans to recruit a new chief financial officer, in preparation for the retirement of Kristen Onken, the company's senior vice president of finance and chief financial officer. Ms. Onken, age 55, who joined Logitech in 1999, plans to lead the recruitment process and to remain with the company until her successor has transitioned into the role.
Kris Onken has provided strong financial leadership during a period when Logitech's sales have more than tripled. She has also built a talented team and implemented new financial information systems that have enabled the company to expedite financial decision-making and reporting.
"My experience at Logitech has been the highlight of my professional career," said Ms. Onken. "It is truly rewarding to be part of this team, and I will miss Logitech. The decision to retire to make more time for...
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Jul 21, 2005 Logitech Delivers Best-Ever Q1 Results
FREMONT, Calif., July 20, 2005 and ROMANEL-SUR-MORGES, Switzerland, July 21, 2005 — Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced its best-ever Q1 financial results and posted its twenty-seventh consecutive quarter of double-digit revenue growth. Sales for the first quarter of Fiscal Year 2006, ended June 30, 2005, were $335 million, up 26 percent from $267 million for the same quarter one year ago. Operating income for Q1 was $25.2 million, up 17 percent from $21.6 million last year. Net income for the quarter was $22.4 million ($.23 per share), up 19 percent from $18.9 million ($.19 per share) in the prior year. Gross margin was 32.1, down from 34.1 percent in Q1 of FY 2005. Retail sales were up by 27 percent, driven by growth in audio, console gaming and corded products. Logitech's OEM sales were up by 17 percent from the same quarter last year. "This great Q1, with double-digit sales growth in every region, led by the Americas, signals that Logitech's FY 2006...
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Jun 16, 2005 Logitech Shareholders Approve Two-for-One Stock Split
Shareholders Elect Matthew Bousquette to Board of Directors, Re-elect Frank Gill and Gary Bengie FREMONT, Calif. and ROMANEL-SUR-MORGES, Switzerland, June 16, 2005 - Logitech International (SWX: LOGN) (NASDAQ: LOGI), today announced that its shareholders have approved a two-for-one split of the Company's shares. The stock split, which will apply to Logitech shares and ADRs, will be effective on June 30, 2005.
At Logitech's Annual General Meeting, held today in Montreux, Switzerland, the Company's shareholders also elected Matthew Bousquette, and re-elected Frank Gill and Gary Bengier to the board of directors. Matthew Bousquette is president of the Mattel Brands business unit of Mattel, Inc., the global toy company headquartered in the United States. Frank Gill, a former executive of Intel Corporation, has been a non-executive director of Logitech since June 1999 and is Logitech's lead independent director. Gary Bengier, a former executive of eBay, has been a non-executive...
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Jun 15, 2005 Logitech Board Approves New Share Buyback Program
Company Reconfirms Financial Targets for Current Fiscal Year FREMONT, Calif. June 15, 2005 and ROMANEL-SUR-MORGES, Switzerland, June 16, 2005 - Logitech International (SWX: LOGN) (NASDAQ: LOGI), today announced that its board of directors has approved a new share buyback program, which authorizes the Company to purchase additional shares on the open market. The board has authorized Logitech to invest up to 300 million Swiss francs (approximately $235 million) for this program, which, subject to the approval of the Swiss Takeover Board, will begin after the Company completes its current share buyback program of 250 million Swiss francs (approximately $195 million). Under the current program, announced in March, 2004, the Company has repurchased a total of 3,110,500 shares, as of June 3, 2005, for a total of approximately 191.5 million Swiss francs (approximately $150 million).
Also, at its Annual General Meeting for shareholders, to be held today in Montreux, Switzerland, the...
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May 4, 2005 Logitech to Propose Two-for-One Stock Split
Company confirmed financial targets for FY 05; expects yearly gross margin at the high end of the 32-34% long-term range; expects tax rate to be lowered to approximately 14% FREMONT, Calif., May 4, 2005 and ROMANEL-SUR-MORGES, Switzerland, May 5, 2005 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced it will ask its shareholders to approve a two-for-one split of its shares at the Company's upcoming Annual General Meeting on June 16, 2005. The stock split will apply to Logitech shares and ADRs.
Logitech will also propose a resolution that lowers the number of shares that must be owned for a shareholder to place an item on the agenda for Logitech's Annual General Meeting. The required number of shares owned would be lowered from 2.1 percent of Logitech's share capital to the lesser of 1.0 percent of Logitech's share capital or 1 million Swiss Francs of nominal value - the nominal value of Logitech shares is currently 1.0 Swiss franc, and will be adjusted...
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Apr 27, 2005 Logitech to Hold Investor Day on May 5, 2005 in London
FREMONT, Calif., April 27, 2005 and ROMANEL-SUR-MORGES, Switzerland, April 28, 2005 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced it will hold an Investor Day in London on May 5, 2005. Presentations will start at 09:45 London time /4:45 a.m. Eastern Time. The meeting will feature presentations by senior Logitech executives covering the Company's financial strategies, growth initiatives, business processes and key product strategies. A live video webcast and replay of the meeting will be available on the Logitech corporate Web site at www.logitech.com/investors.
About Logitech
Founded in 1981, Logitech designs, manufactures and markets personal interface products that enable people to effectively work, play, and communicate in the digital world. Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and in the U.S. on the Nasdaq National Market System (LOGI). The company has manufacturing facilities in Asia and offices...
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Apr 18, 2005 Logitech Posts Seventh Consecutive Record Year With Best-Ever Fourth Quarter, Exceeds Targets
FREMONT, Calif., April 18, 2005 and ROMANEL-SUR-MORGES, Switzerland, April 19, 2005 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced it has completed its best-ever fourth quarter and posted its seventh consecutive year of record sales and profitability, exceeding its increased targets. Sales for the fiscal year, ended March 31, 2005, were $1.48 billion, up 17 percent from $1.27 billion in Fiscal Year 2004. Gross margin for FY 2005 was 34 percent, compared with 32.2 percent last year. Operating income was $172 million, an increase of 18 percent over $146 million in the prior year. Net income was $149 million ($3.07 per share), up 13 percent from $132 million ($2.69 per share) last year, which included a one-time favorable impact of $13.4 million ($.26 per share) from the release of a valuation allowance on specific deferred tax assets. Excluding this, net income growth was 26 percent. Cash flow from operations was $203.5 million, up from $166 million one year ago....
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Jan 20, 2005 Logitech Reports Record Q3 Results
Revenue Up 18 Percent Operating Income Up 13 Percent Company Expects To Exceed Original FY 2005 Goals FREMONT, Calif., Jan. 19, 2005 and ROMANEL-SUR-MORGES, Switzerland, Jan. 20, 2005 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today reported record Q3 results, fueled by robust retail sales. For its third fiscal quarter, ended December 31, 2004, sales were $484 million, up 18 percent from $410 million in the same quarter a year ago. Gross margin was 34.8 percent, up from 34.3 percent last year, even with significant freight costs incurred to fulfill higher-than-expected retail demand. Operating income was $73.6 million, up 13 percent from $65.3 million last year. Net income for the quarter was $64.2 million ($1.32 per share), compared with $66.8 million ($1.35 per share) in Q3 of FY 2004, which included a one-time favorable impact of $13.4 million ($.26 per share) from the release of a valuation allowance on specific deferred tax assets. Excluding this amount, net income...
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