Nov 30, 2006 Logitech CFO Mark Hawkins to Present at NASDAQ 18th Investor Program in London
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Nov 30, 2006 (BUSINESS WIRE) - Logitech International (NASDAQ:LOGI) (SWX:LOGN) today announced that Mark Hawkins, Logitech senior vice president of finance and information systems, and chief financial officer, will present at the NASDAQ 18th Investor Program in London on Dec. 5, 2006 at 9:00 London time/4:00 a.m. Eastern Standard 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 Logitech is a world leader in personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. Founded in 1981, Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Logitech, the Logitech logo and other Logitech marks are owned by Logitech and may be registered. All other trademarks are...
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Nov 27, 2006 Logitech CEO Guerrino De Luca to Present at Credit Suisse Technology Conference
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Nov 27, 2006 (BUSINESS WIRE) - Logitech International (NASDAQ:LOGI)(SWX:LOGN) today announced that Guerrino De Luca, Logitech president and chief executive officer, will present at the Credit Suisse Technology Conference in Scottsdale, Ariz. on Nov. 30, 2006 at 3:30 p.m. Mountain Standard Time/5:30 p.m. Eastern Standard 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 Logitech is a world leader in personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. Founded in 1981, Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Logitech, the Logitech logo and other Logitech marks are owned by Logitech and may be registered. All other trademarks are the property...
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Nov 9, 2006 Logitech CEO Guerrino De Luca to Present at Morgan Stanley Technology, Media and Telecommunications Conference in Barcelona
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Nov 09, 2006 (BUSINESS WIRE) - Logitech International (NASDAQ:LOGI) (SWX:LOGN) 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 Nov. 15, 2006 at 9:45 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 Logitech is a world leader in personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. Founded in 1981, Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Logitech, the Logitech logo and other Logitech marks are owned by Logitech and may be registered. All other trademarks are the property of...
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Nov 9, 2006 Logitech Vice President of Investor Relations Joe Greenhalgh to Present at Bear Stearns SMid-Cap Investor Conference
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Nov 09, 2006 (BUSINESS WIRE) - Logitech International (NASDAQ:LOGI) (SWX:LOGN) today announced that Joe Greenhalgh, Logitech vice president of investor relations, will present at the Bear Stearns SMid-Cap Investor Conference in New York on Nov. 15, 2006 at 9:35 a.m. Eastern Standard Time/15:35 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 Logitech is a world leader in personal peripherals, driving innovation in PC navigation, Internet communications, digital music, home-entertainment control, gaming and wireless devices. Founded in 1981, Logitech International is a Swiss public company traded on the SWX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Logitech, the Logitech logo and other Logitech marks are owned by Logitech and may be registered. All other trademarks are the property of their...
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Nov 7, 2006 Logitech to Begin New Share Buyback Program
Company Announces Completion of CHF 300 Million Buyback, Beginning of USD 250 Million Buyback FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Nov 07, 2006 (BUSINESS WIRE) - Logitech International (Nasdaq:LOGI) (SWX:LOGN) today announced that it plans to soon begin its new $250 million buyback program. The company also announced that it has completed its earlier share buyback program of 300 million Swiss francs. On May 10, 2006 Logitech announced that its board of directors had approved the new buyback program and that repurchases under it would start upon completion of the 300 million Swiss franc program initiated in November 2005, and approval of Swiss regulatory authorities. Under the earlier program, completed on Nov. 7, 2006, Logitech repurchased a total of 11,284,900 shares at an average per-share price of $20.89 (CHF 26.58). About Logitech Founded in 1981, Logitech designs, manufactures and markets personal peripherals that enable people to effectively work, play, and...
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Nov 1, 2006 Logitech Alto Takes Notebook PC Comfort to New Heights
Notebook Stand with Integrated Keyboard Brings Desktop PC Experience to Notebooks; Easy to Set Up, Easy to Put Away FREMONT, Calif., Nov 01, 2006 (BUSINESS WIRE) - Logitech (NASDAQ:LOGI) (SWX:LOGN) has made using a notebook PC more comfortable. The company today announced the Logitech(R) Alto(TM) notebook stand, a one-piece notebook riser with an integrated, full-size keyboard - a product that levels the notebook screen with people's eyes and frees people's hands from the constraints of a cramped notebook keypad. Notebook PCs are fast-becoming the standard PC choice in homes around the world. But the compact form of a notebook PC often comes at the expense of comfort as people assume awkward postures to type on the small built-in keyboards, often with non-conventional key layouts, and stare down at the low-lying screens. The Logitech Alto addresses these comfort issues with a simple, all-in-one solution that opens like a book to reveal an integrated full-size keyboard on one side and...
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Oct 30, 2006 Logitech to Hold Investor Day on November 2, 2006 in New York
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Oct 30, 2006 (BUSINESS WIRE) - Logitech International (Nasdaq:LOGI)(SWX:LOGN) today announced it will hold an Investor Day in New York on November 2, 2006. Presentations will start at 10:00 a.m. Eastern Time/16:00 Central European Time. The meeting will feature presentations by senior Logitech executives covering the Company's financial strategies, growth initiatives, and key product strategies. A live video 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 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 Global Select Market (LOGI). Logitech, the Logitech logo and other Logitech marks are owned by Logitech and may be...
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Oct 18, 2006 Logitech Delivers Best-Ever Q2 Sales and Profit
Sales up 19%, Net Income up 36% Company Increases Full-Year Targets for Sales, Operating Income FREMONT, Calif., Oct. 18, 2006 and ROMANEL-SUR-MORGES, Switzerland, Oct. 19, 2006 — Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced record Q2 sales and profit, posting its thirty-second consecutive quarter of double-digit revenue growth. Sales for the second quarter of Fiscal Year 2007, ended September 30, 2006, were $502 million, up 19 percent from $422 million for the same quarter one year ago.
For Q2, GAAP operating income was $52 million, an increase of 36 percent over Q2 last year, and includes $5.2 million in costs for stock-based compensation. GAAP net income, including $4.1 million in costs for stock-based compensation (net of related tax benefit), was $49 million ($0.26 per share), up 36 percent year over year. GAAP gross margin was 34.5 percent.
Non-GAAP operating income, which excludes stock-based compensation, was $57 million, up 50 percent from...
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Oct 18, 2006 Logitech Acquires Slim Devices, Pioneer in Network-Based Music Systems
Developers of award-winning Squeezebox join Logitech to deliver promise of digital home to music lovers FREMONT, Calif. Oct. 18, 2006 and ROMANEL-SUR-MORGES, Switzerland, Oct. 19, 2006 -Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced that it has acquired Slim Devices, Inc., a pioneer in the development of music systems that take advantage of a home network. Products from Slim Devices, such as the acclaimed Squeezebox™ and the recently announced Transporter™, enable people to enjoy high-quality digital music, in multiple rooms of the home, regardless of whether the music is streaming directly from the Internet, or from a PC, Mac, or storage device on the network. Logitech purchased the privately held Slim Devices of Mountain View, Calif. for $20 million in cash plus a possible performance-based payment, tied to reaching certain future revenue targets.
"With the acquisition of Slim Devices, Logitech is building on our foundation of innovation in digital music and...
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Oct 12, 2006 Logitech Showcases Products Optimized for Windows Vista at DigitalLife 2006
NEW YORK, Oct 12, 2006 (BUSINESS WIRE) - This week at the DigitalLife tradeshow, Logitech (SWX:LOGN) (NASDAQ:LOGI) is for the first time publicly demonstrating its portfolio of new premium PC peripherals that can optimize one's experience with the Microsoft Windows Vista operating system. Logitech has worked with Microsoft during the development of many of these personal peripherals, which are expected to be certified through the premium Certified for Windows Vista Logo program prior to the consumer launch of Windows Vista. Logitech is one of Microsoft's premier hardware peripherals partner for marketing Windows Vista-based communications solutions. Logitech's premium webcams, headsets and microphones deliver crystal-clear communications in the next-generation PC environment. Also a featured hardware peripherals partner for marketing Windows Vista productivity solutions, Logitech offers mice and keyboards that provide one-touch access to Windows Vista efficiency features such as...
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Oct 5, 2006 Logitech to Bring ChillStream Technology to Playstation3
Company to Support Launch of Console Platform With Multiple Products FREMONT, Calif., Oct 05, 2006 (BUSINESS WIRE) - Logitech (SWX:LOGN) (NASDAQ:LOGI) today unveiled the Logitech(R) ChillStream(TM) controller for PLAYSTATION(R)3, the company's first product designed specifically for Sony's next-generation gaming platform. With an innovative built-in fan-based cooling system designed to keep the hands of gamers cool and dry, the ChillStream controller will be the only gamepad for the platform to offer this exclusive, patented technology. Logitech also announced that several of its products already on the market will be fully compatible with the new PLAYSTATION 3 console. "The PLAYSTATION 3 is sure to be a powerful gaming platform and we are pleased to offer a range of peripherals available at launch," said Ruben Mookerjee, Logitech's director of product marketing for gaming. "And by extending our ChillStream technology to a controller designed for PLAYSTATION 3, we are able ensure that...
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Oct 4, 2006 Logitech Sets Second Quarter Fiscal 2007 Earnings Announcement
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Oct 04, 2006 (BUSINESS WIRE) - Logitech International (SWX:LOGN)(Nasdaq:LOGI) announced that it will release quarterly financial results on Wednesday, October 18, 2006 at 10:00 p.m. Eastern Time/Thursday, October 19, 2006 at 04:00 Central European Time. There will be a teleconference to discuss these results on October 19, 2006 at 8:00 a.m. Eastern Time/14:00 Central European Time. A live webcast of the call, along with presentation slides, will be accessible 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 Global Select Market (LOGI). Logitech, the Logitech logo and other Logitech marks are owned by Logitech and may be registered. All other trademarks are...
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Oct 3, 2006 Logitech Pushes the Edge with Stunning New Keyboard Design
Rechargeable Logitech diNovo Edge Keyboard Features Ultra-Slim Design, Integrated TouchDisc, Dynamic Backlighting FREMONT, Calif., Oct 03, 2006 (BUSINESS WIRE) - It's more than a keyboard - it's a minimalist work of high-technology art. Today, Logitech (SWX:LOGN) (NASDAQ:LOGI) unveiled the Logitech(R) diNovo(TM) Edge keyboard, a cutting-edge blend of refined design and breakthrough innovation. Following the design legacy of Logitech's original, award-winning diNovo(TM) Media Desktop(R) (2003), the diNovo Edge reflects the growing importance and visibility of the PC in today's home. Meant to be seen and touched, the comfortable new keyboard, with a high-gloss finish, is laser cut from a single, semi-translucent piece of black Plexiglas(R) and set into a brushed-aluminum frame. Its minimalist style is further evident in the limited number of buttons and the dynamic, backlighted icons embedded within the keyboard, which are invisible when not illuminated. Considering the keyboard's many...
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Sep 26, 2006 Half the Size, Twice the Performance: Logitech Introduces Next-Generation Wireless Headphones for iPod, MP3
Streamlined Logitech FreePulse Wireless Headphones Feature Bluetooth 2.0 EDR, Bass Boost FREMONT, Calif., Sep 26, 2006 (BUSINESS WIRE) - Logitech (SWX:LOGN) (NASDAQ:LOGI) today introduced the Logitech(R) FreePulse(TM) Wireless headphones, its stylish second-generation cordless headphones for iPod(R) and MP3 players, which deliver the complete freedom of experiencing digital music with no strings attached. The FreePulse Wireless headphones are half the weight (only 2.1 ounces/60 grams) and size of Logitech's award-winning first-generation product - but, they are more flexible and durable, thanks to the high-carbon spring-steel headband. The new version delivers twice the performance as well as enhanced bass with its special bass boost feature. And it offers improved wireless performance with Bluetooth(R) 2.0 Enhanced Data Rate (EDR) wireless technology. People can simply plug in the adapter to any player with a 3.5 mm headphone jack, put their player in their pocket and enjoy their...
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Sep 13, 2006 Logitech to Exchange Nasdaq-Listed ADRs for Shares; Same Shares to be Traded in U.S. and Switzerland
IMPORTANT MESSAGE FOR LOGITECH ADR HOLDERS FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Sep 13, 2006 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (Nasdaq:LOGI) today announced that it intends to exchange its Nasdaq-listed American Depositary Receipts (ADRs) for Logitech shares, providing investors with the ability to trade the same Logitech securities on the Nasdaq Global Select Market as well as on the SWX Swiss Exchange. "We're pleased that we can soon offer investors the convenience of trading all Logitech shares on Nasdaq," said Mark Hawkins, Logitech senior vice president of finance and information systems, and chief financial officer. "We expect this to lead to enhanced liquidity for investors trading on Nasdaq." The exchange is expected to become effective in the second half of October 2006. The trading symbol for Logitech shares will remain LOGI on Nasdaq and LOGN on the SWX. On the effective date, the Logitech ADR program will be terminated and one ADR will...
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Sep 12, 2006 A Touch of Luxury: Logitech Reinvents Harmony Remote with Touch Screen, Stunning Design
DENVER, Sep 12, 2006 (BUSINESS WIRE) - Logitech (SWX:LOGN)(NASDAQ:LOGI) has reinvented the Harmony(R) remote control. Adding a touch of luxury to its award-winning family of Harmony advanced universal remote controls, the company unveiled its new flagship Harmony 1000 remote, which includes a striking, color touch-sensitive screen. While it looks as expensive as traditional high-end, custom-installed remotes, the Harmony 1000 remote is more affordable, is easier for consumers to set up, and sets a new standard for ease of use. "The Harmony 1000 remote delivers affordable luxury - it simplifies control of today's complicated home-entertainment systems at a fraction of the price of traditional custom-installed remotes, and it's luxurious in its sophisticated design, which adds an element of prestige to any living room," said Bryan McLeod, vice president of Logitech's remote control products. "The Harmony 1000 remote is the interface that people crave for their home-entertainment system...
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Aug 28, 2006 See It, Touch It, Hear It: Logitech Redefines PC Speakers; Logitech Z-10 Interactive 2.0 Speaker System Has Built-in Media Display, Touch-Sensitive Controls
FREMONT, Calif., Aug 28, 2006 (BUSINESS WIRE) - Logitech (SWX:LOGN)(NASDAQ:LOGI) today introduced the Logitech(R) Z-10 Interactive 2.0 Speaker System, the newest member of Logitech's line of Advanced Peripherals, featuring a groundbreaking design that will change how people think about and use PC speakers. With built-in touch-sensitive controls and a backlighted display that shows digital-music track information, a clock, volume and more, these trophy speakers are meant to be touched and seen - in addition to filling a room with studio-quality sound. "Until now, PC speakers have simply delivered sound," said Jef Holove, Logitech's vice president of product marketing for audio. "The Z-10 speakers aim to incite more of the senses - sight, touch and sound - with their media display, touch-sensitive controls and premium audio. And beyond that, these speakers are simply stunning, adding a level of design sophistication to their breakthrough digital music capabilities." The past few years...
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Aug 23, 2006 Logitech Mice Deliver Revolution in Personal Computing Navigation; The Wheel, Reinvented: Revolution Mice Speed Mac and PC Users Through Digital Content with Hyper-Fast Scrolling
FREMONT, Calif., Aug 23, 2006 (BUSINESS WIRE) - Logitech (SWX:LOGN) (NASDAQ:LOGI) today announced a revolution in PC navigation with two advanced mice that transform the experience of finding and manipulating the vast amount of digital content on a person's computer or on the Web. Already an indispensable tool for PC navigation, the computer mouse can now meet the advanced demands of people who need to move quickly and intuitively through multiple Web pages, large spreadsheet files, digital photos, playlists or any of the other rich, abundant digital content available today. The Logitech(R) MX(TM) Revolution cordless laser mouse and the Logitech(R) VX Revolution(TM) cordless laser mouse for notebooks mark a radical change in navigating this content - from which few people will turn back once they have experienced it. Both mice feature hyper-fast scrolling with a revolutionary alloy wheel - the MicroGear(TM) Precision Scroll Wheel - that spins freely for up to seven seconds, spanning...
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Aug 22, 2006 Keeping Gamers' Hands Cool and Dry: Logitech ChillStream Controller for PC; Logitech Exclusive Manufacturer of Game Controllers with Patented, Fan-Based Technology
FREMONT, Calif., Aug 22, 2006 (BUSINESS WIRE) - Logitech (NASDAQ:LOGI) (SWX:LOGN) today unveiled a new game controller with an innovative built-in fan-based cooling system, designed to keep the hands of gamers cool and dry - even during intense competition. The Logitech(R) ChillStream(TM) controller for PC is the only new game controller to offer this exclusive, patented technology. "We're always evaluating the different kinds of materials and technologies that can help make the gaming experience more comfortable," said Ruben Mookerjee, Logitech's director of product marketing for gaming. "But for intense action-games, there is nothing that can substitute for moving air - it's the best way to keep hands cool and dry. This new controller offers Logitech's unique ChillStream hand-cooling technology without compromising on the size and design of the controller. And the fan is extremely quiet - you'll know it's on only because you can feel the air cooling your hands." Logitech ChillStream...
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Aug 17, 2006 Logitech AudioStation Express Portable Speakers for iPod Deliver Durable Design, Flexible Power Options; Speakers Extend Logitech's Award-Winning Digital Music Product Line
FREMONT, Calif., Aug 17, 2006 (BUSINESS WIRE) - Logitech (SWX:LOGN)(NASDAQ:LOGI), a leading manufacturer of products that enhance the digital music experience, today extended its award-winning line of speakers for the iPod(R) by introducing the mid-range Logitech(R) AudioStation Express(TM) portable speakers. In addition to its great sound quality, Logitech's newest speakers offer a durable design, a choice of power options, a protective case, and a wireless remote - making it the perfect solution in the home or outdoors. In a recent Logitech study, consumers said that a rugged, durable design and the option of using either AC power or batteries are two of the most important features for portable iPod speakers. A complement to the minimalist styling of the iPod, the Logitech AudioStation Express speakers are extremely durable: Metal grilles protect the audio drivers, and the convenient case protects the speakers on the go. The case can also be left on the speakers while playing music...
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Aug 17, 2006 Just Add iPod: Logitech AudioStation a Powerful, Complete Home-Stereo System; Premium, Ultra-Stylish One-Piece System Includes AM/FM Radio, Touch-Sensitive Controls, Advanced Remote Control
FREMONT, Calif., Aug 17, 2006 (BUSINESS WIRE) - Logitech (SWX:LOGN)(NASDAQ:LOGI), an award-winning manufacturer of premium multimedia speakers, today unveiled its best-sounding, most powerful and most complete speaker system for the iPod(R): the Logitech(R) AudioStation(TM) high-performance stereo system for iPod. This premium stereo system transforms any room in the home into a digital-music concert hall - delivering a full range of incredibly smooth, balanced audio, from floor-thumping bass to the precision high frequencies that bring music to life. Its relatively compact design (16-inches long, 4 1/4-inches deep, 7 1/4-inches tall) allows the AudioStation speaker system to sit elegantly atop an end table, book shelf or even a nightstand. And with the digital AM/FM tuner, the speakers can be a replacement for a traditional living-room stereo system as well as a perfect solution for an office or bedroom. The Logitech AudioStation speaker system features matching satellites with two...
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Aug 14, 2006 Logitech Audio Products Make Internet Voice Calling as Easy as Using a Phone
FREMONT, Calif., Aug 14, 2006 (BUSINESS WIRE) - Logitech (SWX:LOGN)(NASDAQ:LOGI) today unveiled three new audio products that make calling friends and family over the Internet easier - and more like using a traditional phone. The Logitech(R) QuickCall(TM) USB Speakerphone delivers crystal-clear and echo-free PC calls. The Logitech(R) Cordless Internet Handset offers the familiarity of a traditional phone handset and can be used to make Internet-based calls from anywhere in the home with the push of a button. And the Logitech(R) Cordless Headset for PC and Mobile Phones fits comfortably on one ear, enabling people to enjoy a PC call as they roam freely around the home; it also works as a mobile-phone headset for phones enabled with Bluetooth(R) wireless technology. While the traditional telephone system and mobile-phone networks are the most commonly used means of making a phone call today, a communications revolution is underway. People are beginning to take advantage of a different...
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Aug 8, 2006 Unchained Melodies: Logitech Delivers PC Music to Any Room, Puts Complete Control in Hand; Logitech Wireless DJ Music System Links PC to Stereo System; Powerful Remote Allows People to Browse, Play Entire Digital Music Collection
FREMONT, Calif., Aug 08, 2006 (BUSINESS WIRE) - Logitech (SWX:LOGN) (NASDAQ:LOGI) today unveiled the Logitech(R) Wireless DJ(TM) Music System, which makes it easy for people to stream any digital music from their PC to any stereo system or powered multimedia speakers anywhere in their home and control it all from the palm of their hand. The Wireless DJ Music System connects the PC to a home-entertainment center or speaker system using Logitech's Music Anywhere(TM) wireless technology. The system plays any PC audio format, including MP3, iTunes(R) (AAC), WMA, Internet radio, and podcasts. And the stylish, long-range Wireless DJ remote, with its display and scroll wheel, makes it easy to navigate an entire music collection from the couch, the dining-room table, the bedroom - anywhere. "Today tens of millions of people are using their PC as a digital music hub to centralize their music collections and to discover new music," said Dale Pistilli, director of product marketing for...
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Aug 7, 2006 Logitech Notebook Peripherals Line Enhanced for Portability, Comfort, Performance, and Internet Communications
FREMONT, Calif., Aug 07, 2006 (BUSINESS WIRE) - Logitech (SWX:LOGN) (NASDAQ:LOGI) today unveiled the latest additions in its growing family of portable peripherals, designed to help people get the most out of their notebook PCs. The new Logitech(R) Premium Notebook Headset, the Logitech(R) QuickCam(R) for Notebooks Pro and Logitech(R) QuickCam for Notebooks Deluxe webcams make it easy to participate in Internet phone or video calls. The enhanced webcams now feature Logitech(R) RightLight(TM) 2 Technology, which offers superior image quality, even in the harsh lighting people may encounter as they use their notebook PCs in different places. The new Logitech(R) V450 Laser Cordless Mouse for Notebooks offers Logitech's laser-precision tracking technology and alleviates the frustration of trying to navigate complex digital content when using only a touchpad. More consumers than ever are using a notebook PC as their primary computer, carrying it from room to room in the home or taking it...
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Jul 19, 2006 Logitech Delivers Record Q1 Sales and Profit
Sales up 18%, Net Income up 35% FREMONT, Calif., July 19, 2006 and ROMANEL-SUR-MORGES, Switzerland, July 20, 2006 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced record Q1 sales and profit, posting its thirty-first consecutive quarter of double-digit revenue growth. Sales for the first quarter of Fiscal Year 2007, ended June 30, 2006, were $393 million, up 18 percent from $335 million for the same quarter one year ago. Beginning with Q1 FY 2007, in accordance with U.S. Generally Accepted Accounting Principles (GAAP), Logitech has adopted Statement of Financial Accounting Standards No.123R (SFAS 123R). The Company's GAAP results now include the costs of stock-based compensation. A reconciliation between GAAP and non-GAAP results is provided in a table as part of the attached financial statements. For Q1, GAAP operating income was $23.8 million, including $5.1 million in costs for stock-based compensation. GAAP net income for Q1, including $4.2 million in costs for...
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Jul 17, 2006 Breakthrough Logitech Webcam Delivers True-to-Life Video with Twice the Image Clarity
Premium QuickCam Ultra Vision Webcam Features Precision Glass Lens, Adjusts for Harsh Lighting Conditions with RightLight 2 Technology; Company Upgrades Award-Winning QuickCam Lineup FREMONT, Calif., Jul 17, 2006 (BUSINESS WIRE) - Logitech (SWX:LOGN) (NASDAQ:LOGI), the world's leading manufacturer of webcams, today unveiled the company's flagship QuickCam(R) Ultra Vision(TM) webcam, offering a true-to-life video calling experience by delivering twice the image clarity as that offered by typical webcams. The stunning new PC device for Internet communications outclasses other webcams by combining an extra-large, precision-engineered glass lens with a low f-stop setting, increasing the amount of light entering the webcam and precisely focusing that light to create sharp, vivid images. With the QuickCam Ultra Vision, people can share the important little things in life - from that sparkling new engagement ring to the toddler's first tooth - with breakthrough clarity as they make video...
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Jul 13, 2006 Logitech Teams with YouTube to Promote Webcam Video Sharing; Company Reaches 5 Million Downloads of Logitech Video Effects
FREMONT, Calif., Jul 13, 2006 (BUSINESS WIRE) - Logitech (SWX:LOGN) (Nasdaq:LOGI), the world's leading manufacturer of webcams, today announced a co-marketing agreement with YouTube, Inc., a consumer media company for people to watch and share original videos through a Web experience, that will make it easier for people using Logitech(R) QuickCam(R) webcams to upload their videos to the largest video entertainment site on the Internet. Logitech plans to provide an integrated link to YouTube.com within the next-generation Logitech(R) QuickCam software. In return, YouTube will promote Logitech as its official webcam partner. Logitech's award-winning QuickCam webcams and the Logitech(R) Video Effects software have become favorites among users of the popular video sharing site. Logitech's QuickCam webcam customers have downloaded 5 million Video Effects accessories and characters, from among the 140 choices of downloadable content available at Logitech.com. This content is refreshed...
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Jul 5, 2006 Logitech Sets First Quarter Fiscal 2007 Earnings Announcement
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Jul 05, 2006 (BUSINESS WIRE) - Logitech International (NASDAQ:LOGI) (SWX:LOGN) announced that it will release quarterly financial results on Wednesday, July 19, 2006 at 10:00 p.m. Eastern Time/Thursday, July 20, 2006 at 04:00 Central European Time. There will be a teleconference to discuss these results on July 20, 2006 at 8:00 a.m. Eastern 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 Global Select Market (LOGI). Logitech, the Logitech logo and other Logitech marks are owned by Logitech and may be registered. All other trademarks are the...
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Jun 20, 2006 Logitech Video Technology Featured in Microsoft's New Windows Live Messenger Platform; With One Click on a Logitech Webcam, Users Have Easy Access to Windows Live Messenger Features
FREMONT, Calif., Jun 20, 2006 (BUSINESS WIRE) - Logitech (SWX:LOGN) (NASDAQ:LOGI), the world's leading manufacturer of webcams, is powering the Video Call feature in the new Windows Live Messenger platform, unveiled by Microsoft Corp. today. Logitech worked with Microsoft to design the client technology that delivers high-quality, full-screen, fully synchronized voice and video calls. Logitech provided the same audio and video technology for Microsoft's Video Conversation feature, part of MSN Messenger since April 2005, and the company has supported the popular webcam feature in MSN Messenger since March 2003. In addition, Logitech plans for many of its future QuickCam(R) webcams to feature one-click access to Windows Live Messenger capabilities. By using a webcam with Video Call, people can see and talk to friends and family around the world for free. Since the original introduction of Video Conversation, MSN Messenger users have conducted more than 500 million video calls. In fact,...
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Jun 16, 2006 Logitech Shareholders Approve Two-for-One Stock Split
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Jun 16, 2006 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (Nasdaq:LOGI) today announced that its shareholders have approved a two-for-one stock split of the Company's shares. The stock split, which will apply to Logitech shares and ADRs, will be effective on July 14, 2006, which is also when trading on the SWX Swiss Exchange will reflect the split. Trading on the Nasdaq National Market System will reflect the stock split on July 17, 2006. At Logitech's Annual General Meeting, held today in Montreux, Switzerland, the Company's shareholders also elected retired Logitech executive Erh-Hsun Chang, and re-elected Kee-Lock Chua to the board of directors. Mr. Chang recently retired from Logitech after serving, since 1997, as senior vice president of worldwide operations and general manager of the Company's Far East Area. Mr. Chua has been a non-executive director of Logitech since June 2000. He currently serves as a managing...
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Jun 13, 2006 Logitech Harmony Remote Customers Can Click to Receive Tickets and See Adam Sandler's New Comedy Click
By Purchasing a Harmony Advanced Universal Remote at Select U.S. Retailers, Consumers Can Receive Two Free Tickets to Columbia Pictures' Comedy Click FREMONT, Calif., Jun 13, 2006 (BUSINESS WIRE) - For a limited time, customers who purchase a Logitech(R) Harmony(R) Advanced Universal remote at select U.S. retailers will receive two free tickets to see Columbia Pictures/Revolution Studios' new feature film comedy, Click, which opens in theaters on June 23, 2006. Logitech's (NASDAQ:LOGI) (SWX:LOGN) award-winning Harmony remotes help people take complete control of today's complex home-entertainment systems. In Columbia Pictures/Revolution Studios' comedy Click, Adam Sandler portrays Michael Newman, a family man whose busy career as an architect doesn't leave much time for his wife, Donna (Kate Beckinsale), and two kids. When he goes shopping for a universal remote, he finds the perfect device through Morty (Christopher Walken), who gives him a one-of-a-kind gadget with magical powers....
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May 29, 2006 Logitech CFO Mark Hawkins to Present at Credit Suisse EuroTech Conference
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, May 29, 2006 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (NASDAQ:LOGI) today announced that Mark Hawkins, Logitech chief financial officer, will present at the Credit Suisse EuroTech Conference in Barcelona, Spain on Thursday, June 1, 2006 at 8:00 Central European Summer Time/2:00 a.m. Eastern Daylight Time. A live webcast and replay of the presentation and the question and answer session 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). Logitech, the Logitech logo, and other Logitech marks are owned by Logitech and may be registered. All other trademarks are the...
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May 10, 2006 Logitech Proposes Two-for-One Stock Split, Board Approves New Share Buyback Program
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, May 10, 2006 (BUSINESS WIRE) - 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, 2006. The stock split will apply to Logitech shares and ADRs. Logitech's board of directors also approved a new share buyback program, which authorizes the Company to invest up to $250 million to purchase its own shares, subject to the approval of the Swiss Takeover Board. The new program will begin after the Company completes its current share buyback program of 300 million Swiss francs (approximately $235 million). Under the current program, announced in June 2005, Logitech has repurchased a total of 4,300,500 shares for 229 million Swiss francs (approximately $178 million), as of May 10, 2006. About Logitech Founded in 1981, Logitech designs, manufactures and markets personal peripherals that enable...
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May 8, 2006 Logitech to Hold Investor Day on May 11, 2006 in London
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, May 08, 2006 (BUSINESS WIRE) - Logitech International (Nasdaq:LOGI) (SWX:LOGN) today announced it will hold an Investor Day in London on May 11, 2006. Presentations will start at 10:00 London time / 5:00 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 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). Logitech, the Logitech logo and other Logitech marks are owned by Logitech and may...
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Apr 20, 2006 Logitech Delivers 8th Consecutive Record Year
30th Straight Quarter of Double-Digit Sales Growth FREMONT, Calif., April 19, 2006 and ROMANEL-SUR-MORGES, Switzerland, April 20, 2006 — Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced it has posted its eighth consecutive year of record sales and profits, ending with a record fourth quarter and reaching its increased fiscal-year goals. Sales for the fiscal year, ended March 31, 2006, were $1.8 billion, up 21 percent from $1.48 billion in Fiscal Year 2005. Operating income was $199 million, an increase of 16 percent over $172 million in the prior year. Net income was $181 million ($1.84 per share), up 21 percent from $149 million ($1.53 per share) last year. Gross margin for FY 2006 was 32 percent, compared with 34 percent last year. For Logitech's fourth fiscal quarter, sales were $466 million, up 16 percent from $403 million for the same quarter one year ago. Operating income was $55 million, up 17 percent from $47 million last year. Net income for the quarter was...
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Apr 5, 2006 Logitech Sets Fourth Quarter Fiscal 2006 Earnings Announcement
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Apr 05, 2006 (BUSINESS WIRE) - Logitech International (Nasdaq:LOGI) (SWX:LOGN) announced that it will release quarterly and full-fiscal-year financial results on Wednesday, April 19, 2006 at 7:00 p.m. Pacific Daylight Time/10:00 p.m. Eastern Daylight Time, Thursday, April 20, 2006 at 04:00 Central European Time. There will be a teleconference to discuss these results on April 20, 2006 at 8:00 a.m. Eastern Daylight Time/14:00 Central European Time. A live webcast of the call, along with presentation slides, will be accessible 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...
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Mar 21, 2006 Logitech Taps Dell Finance Executive Mark Hawkins; Former Dell and HP Executive to Become Logitech CFO, SVP of Finance and Information Systems
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Mar 21, 2006 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (Nasdaq:LOGI) today announced that Mark J. Hawkins will join the company as senior vice president of finance and information systems, and chief financial officer. Mr. Hawkins, age 46, was most recently with the Dell Corporation for six years, following eighteen years with the Hewlett-Packard Company. He will succeed Kristen Onken, senior vice president of finance and chief financial officer. Mr. Hawkins will join Logitech on April 3, 2006, and Ms. Onken will begin her previously announced retirement at the end of April, 2006. "When Kris Onken announced her intention to retire, we made a commitment to our shareholders, customers and employees that her replacement would be a leader who met the highest standards of financial and business leadership," said Guerrino De Luca, Logitech president and chief executive officer. "We are delighted to have Mark Hawkins join...
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Mar 8, 2006 CeBIT: Logitech Celebrates 25 Years; Introduces Products for Internet Communications, Digital Music, Home-Entertainment Control
HANNOVER, Germany, Mar 08, 2006 (BUSINESS WIRE) - Today at a CeBIT press conference, Logitech (SWX:LOGN) (Nasdaq:LOGI) kicked off the European celebration of the company's 25th anniversary, with Logitech executives highlighting the key consumer trends that are driving the company's growth - the pervasiveness of broadband Internet, the increasing use of the Internet for voice and video communications, the popularity of digital audio, and the growing need for easier control over home-entertainment systems. "As Logitech celebrates our 25th year, we're reminded of how important PC technology has been in both the evolution of the digital lifestyle and our company's growth," said Guerrino De Luca, Logitech president and chief executive officer. "We started as the mouse company, supporting an intuitive form of navigation on the PC. As the PC has become more media-rich, and as new digital platforms have emerged, we have expanded our portfolio of innovative personal peripherals to address...
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Feb 21, 2006 Logitech CEO Guerrino De Luca to Present at Goldman Sachs Global Technology Investment Symposium
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Feb 21, 2006 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (NASDAQ:LOGI) today announced that Guerrino De Luca, Logitech president and chief executive officer, will present at the Goldman Sachs Global Technology Investment Symposium in Phoenix on Feb. 28, 2006 at 2:50 p.m. Mountain Standard Time/4:50 p.m. Eastern Standard 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 Swiss Stock 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 logo,...
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Jan 19, 2006 Logitech Delivers Record Q3 Results
Strong growth in audio, video, remotes propels quarterly revenue past half billion dollar mark for the first time in the Company's history FREMONT, Calif., Jan. 18, 2006 and ROMANEL-SUR-MORGES, Switzerland, Jan. 19, 2006 — Logitech International (SWX: LOGN) (Nasdaq: LOGI) today posted record financial results for the third quarter of FY 2006, its twenty-ninth consecutive quarter of double-digit sales growth. For Logitech’s third quarter of FY 2006, ended December 31, 2005, sales were $574 million, up 19 percent from $484 million in the same quarter last year. Operating income was $80.7 million, up 10 percent from $73.6 million last year. Net income for the quarter was $71.3 million ($.71 per share), up 11 percent from $64.2 million ($.66 per share) in the prior year. Gross margin was 32.3 percent, down from 34.8 percent in Q3 FY 2005, and up sequentially from 31.4 percent in Q2 FY 2006. Logitech’s retail sales in the third quarter were up 19 percent over the prior year, driven by...
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Jan 5, 2006 Logitech Sets Third Quarter Fiscal 2006 Earnings Announcement
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Jan 04, 2006 (BUSINESS WIRE) - Logitech International (NASDAQ:LOGI)(SWX:LOGN) announced that it will release quarterly financial results on Wednesday, January 18, 2006 at 7:00 p.m. Pacific Standard Time/10:00 p.m. Eastern Standard Time, Thursday, January 19, 2006 at 04:00 Central European Time.
There will be a teleconference to discuss these results on January 19, 2006 at 8:00 a.m. Eastern Standard Time/14:00 Central European Time. A live webcast of the call, along with presentation slides, will be accessible 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...
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