Dec 26, 2007 Logitech Sets Third Quarter Fiscal 2008 Earnings Announcement
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Dec 26, 2007 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (Nasdaq:LOGI) announced that it will release quarterly financial results on Wednesday, Jan. 16, 2008 at 10:00 p.m. Eastern Standard Time/Thursday, Jan. 17, 2008 at 04:00 Central European Time. There will be a teleconference to discuss these results on Jan. 17, 2008 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 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...
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Dec 20, 2007 Logitech to Transition Digital Writing Business to Destiny
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Dec 20, 2007 (BUSINESS WIRE) - Logitech International (Nasdaq:LOGI) (SWX:LOGN) today announced plans to transition its digital writing business to Destiny Wireless plc, a U.K.-based leader in the delivery of digital pen and paper technology to the business market, and a leading reseller of the Logitech io2 Digital Writing System. Destiny has purchased Logitech's digital-writing technology assets for an undisclosed amount. Logitech will manufacture the digital pen for Destiny until the company transitions to its own manufacturing. Destiny plans to make the digital-writing pens and supplies available to existing Logitech solution providers and individual customers through resellers and its own Web site. During the transition, Logitech will continue to sell its io2 Digital Writing System, as well as paper and ink refills, as long as supplies last. Logitech will provide support to its digital writing customers while their products are...
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Dec 3, 2007 Logitech CFO Mark Hawkins to Present at NASDAQ 20th Investor Program in London
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Dec 03, 2007 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (NASDAQ:LOGI) today announced that Mark J. Hawkins, Logitech senior vice president of finance and information technology, and chief financial officer, will present at the NASDAQ 20th Investor Program in London on Dec. 5, 2007 at 10:45 Greenwich Mean Time/5:45 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...
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Nov 26, 2007 Logitech CFO Mark Hawkins to Present at Credit Suisse Annual Technology Conference in Phoenix
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Nov 26, 2007 (BUSINESS WIRE) - Logitech International (NASDAQ:LOGI) (SWX:LOGN) today announced that Mark J. Hawkins, Logitech senior vice president of finance and information technology, and chief financial officer, will present at the Credit Suisse Annual Technology Conference in Phoenix on Nov. 28, 2007 at 3:00 p.m. Mountain Standard Time/5:00 p.m. Eastern Standard Time/23:00 Central European Time. A live webcast of the presentation will be available on the Logitech corporate Web site at http://ir.logitech.com and a replay will be available 24 hours after the presentation. 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)....
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Nov 12, 2007 Logitech CEO Guerrino De Luca to Present at Morgan Stanley Technology, Media and Telecoms Conference in Barcelona
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Nov 12, 2007 (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 Telecoms Conference in Barcelona, Spain on Nov. 14, 2007 at 17:25 Central European Time/11:25 a.m. Eastern Standard Time/8:25 a.m. Pacific 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...
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Nov 12, 2007 Logitech Vice President of Investor Relations Joe Greenhalgh to Present at Bear Stearns SMid-Cap Investor Conference in New York
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Nov 12, 2007 (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. 14, 2007 at 2:05 p.m. Eastern Standard Time/20:05 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 8, 2007 Logitech to Acquire WiLife, Creator of Award-Winning Video Solution for Home and Office Self-Monitoring
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Nov 08, 2007 (BUSINESS WIRE) - Logitech International (Nasdaq:LOGI) (SWX:LOGN) today announced that it is broadening its presence in the digital home with the acquisition of WiLife, Inc., which offers an affordable, easy-to-set-up, easy-to-use PC-based video solution for self-monitoring a home or smaller business. Logitech has entered into an agreement to acquire the privately held company, based in Draper, Utah, for approximately $24 million plus a possible performance-based payment, tied to reaching certain future revenue targets. The acquisition is subject to customary closing conditions and is expected to close by mid-November. The award-winning WiLife solution leverages the power of the PC and the Internet to offer an alternative to expensive professional home-monitoring services. The solution consists of PC software, up to six wireless video cameras and a receiver plugged into wall outlets. The cameras and receiver...
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Oct 30, 2007 Sharper, Smoother, Better: Skype and Logitech Join Forces, Fulfill Promise of High Quality Video-Calling Experience
High Quality Video Provides VGA Resolution and 30 Frames Per Second for People with Certified Logitech Webcam and Dual Core PC LUXEMBOURG & FREMONT, Calif., Oct 30, 2007 (BUSINESS WIRE) - Skype and Logitech (SWX:LOGN) (NASDAQ:LOGI), the world's leading manufacturer of webcams, today announced a collaboration to deliver a new standard of video calls over the Internet: High Quality Video. With High Quality Video on Skype(TM), people worldwide can enjoy free video calls that are sharper and smoother than ever before. The experience is so good, it might be better than being there. "This is a major leap in the clarity and smoothness of free video calls over the Internet," said Gareth O'Loughlin, Skype's general manager, mobile and hardware devices. "High Quality Video is a tremendous opportunity to delight our more than 246 million users and take their Skype experience to a whole new level. One in four Skype calls already involve video, so we know our users love to show and not just...
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Oct 29, 2007 Logitech to Hold Investor Day on November 1, 2007 in New York
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Oct 29, 2007 (BUSINESS WIRE) - Logitech International (Nasdaq:LOGI) (SWX:LOGN) today announced it will hold an Investor Day in New York on November 1, 2007. Presentations will begin at 10:00 a.m. Eastern Daylight Time/15:00 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 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...
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Oct 29, 2007 Logitech Announces Final Q2 Financial Results
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Oct 29, 2007 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (Nasdaq:LOGI) today announced final financial results for the second quarter of Fiscal Year 2008, updating the Company's Oct. 17, 2007 announcement.
Consistent with the range in the previous announcement, the Company recorded an impairment loss of $67.4 million on the value of its short-term investment portfolio as of September 30, 2007. As a result, net income for Q2 FY 2008 was $12 million ($0.06 per share). Excluding this charge, non-GAAP net income for the quarter was $79 million ($0.42 per share), compared to $49 million ($0.26 per share) in Q2 FY 2007.
Subsequent to quarter end, the Company sold, at par, fifty per cent of each of the securities in the portfolio. As a result, the Company will recover half of the loss and will record it as a gain of $33.7 million in the Q3 FY 2008 income statement under Other Income. The sale was part of a...
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Oct 17, 2007 Logitech Announces Record Sales and Operating Profit for Q2
Revenue Up 19%, Operating Income Up 54%, Company Increases Operating Income Goal for Full Year FREMONT, Calif., Oct. 17, 2007 and ROMANEL-SUR-MORGES, Switzerland, Oct. 18, 2007 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced record sales and operating profit for the second quarter of Fiscal Year 2008. Sales were $595 million, up 19 percent from $502 million in the same quarter last year. Operating income was $80.4 million, up 54 percent from $52.2 million for the same quarter a year ago. Gross margin was 36.3 percent, compared to 34.5 percent in Q2 of FY 2007 - a year-over-year improvement of 180 basis points and equal to the all-time high for the Company. Cash flow from operations was $103 million, a year-over-year improvement of $80 million. Logitech expects to provide results below the operating income line, as well as to present the value of its short-term investments and shareholders equity in its balance sheet, within the next three weeks. The Company is...
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Oct 17, 2007 Logitech Announces Executive Leadership Transition Plan
Effective January 1, 2008, Guerrino De Luca to Become Chairman, Gerald P. Quindlen Transitions to President and CEO, Co-Founder Daniel Borel Continues as Board Member FREMONT, Calif., Oct. 17, 2007 and ROMANEL-SUR-MORGES, Oct. 18, 2007 - Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced a leadership transition plan designed for the company's next phase of growth. Effective January 1, 2008, Guerrino De Luca, will assume the role of chairman of the board, succeeding company co-founder Daniel Borel, who will remain a member of the board of directors. Gerald P. Quindlen will succeed Mr. De Luca, who has been in his role since 1998, as president and chief executive officer. Mr. Quindlen is currently the company's senior vice president of worldwide sales and marketing.

"Logitech is very fortunate to have such a strong team to move the company forward," said Daniel Borel. "For nearly ten years, Guerrino De Luca has steadily guided the company from $400 million to...
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Sep 26, 2007 Logitech Sets Second Quarter Fiscal 2008 Earnings Announcement
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Sep 26, 2007 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (Nasdaq:LOGI) announced that it will release quarterly financial results on Wednesday, October 17, 2007 at 10:00 p.m. Eastern Daylight Time/Thursday, October 18, 2007 at 04:00 Central European Summer Time. There will be a teleconference to discuss these results on October 18, 2007 at 8:00 a.m. Eastern Daylight Time/14:00 Central European Summer Time. A live webcast of the call, along with presentation slides, 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...
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Sep 12, 2007 Logitech Unveils Bluetooth-Enabled Headset and Keyboard Designed for PLAYSTATION 3
Logitech Cordless Vantage Headset, Cordless MediaBoard Pro Keyboard Give Gamers Freedom and Reliability FREMONT, Calif., Sep 12, 2007 (BUSINESS WIRE) - Logitech (SWX:LOGN) (NASDAQ:LOGI) today announced its continued support of the PLAYSTATION(R)3 (PS3(TM)) computer entertainment system with the Logitech(R) Cordless Vantage(TM) Headset for PLAYSTATION 3 and Logitech(R) Cordless MediaBoard Pro(TM) Bluetooth Keyboard for PLAYSTATION 3 - giving gamers the freedom and reliability of Bluetooth(R) wireless technology for their PS3 gaming experience. "Logitech is pleased to offer two Bluetooth-enabled products for the PLAYSTATION 3 console platform, making the PS3 experience even better," said Bruce Lancaster, vice president of Logitech's interactive entertainment business unit. "The Cordless Vantage Headset for PS3 allows gamers to coordinate with teammates - wirelessly. And the Cordless MediaBoard Pro Bluetooth keyboard significantly improves the PLAYSTATION(R) Network experience, making it...
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Sep 11, 2007 Logitech Notebook PC Speakers Deliver Exceptional Audio in a Breakthrough, Compact Design
Logitech AudioHub Features 2.1 One-Piece Design; Three Integrated Hi-Speed USB Ports FREMONT, Calif., Sep 11, 2007 (BUSINESS WIRE) - Logitech (NASDAQ:LOGI)(SWX:LOGN) today announced the Logitech(R) AudioHub Notebook Speaker System with Integrated USB Hub - delivering exceptional audio in a breakthrough design. The AudioHub combines a unique 2.1 one-piece speaker system and three integrated Hi-Speed USB ports in a compact design that fits neatly behind most notebooks. "Today, a broad range of people - not just traditional road warriors - are using their notebooks as their primary home computer and digital music platform," said Tim Leehane, director of product marketing for Logitech's audio business. "As this trend grows, people are adding peripherals - for example, webcams and wireless mice - to their notebook stations. The Logitech AudioHub provides an elegant, one-stop notebook solution that allows people to manage their peripherals and enhance their listening experience." Offering...
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Aug 30, 2007 Logitech CFO Mark Hawkins to Present at Kaufman Bros., L.P. 10th Annual Investor Conference in New York
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Aug 30, 2007 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (NASDAQ:LOGI) today announced that Mark J. Hawkins, Logitech senior vice president of finance and information technology, and chief financial officer, will present at the Kaufman Bros., L.P. 10th Annual Investor Conference in New York on Sept. 5, 2007 at 12:40 p.m. Eastern Daylight Time/18:40 Central European Summer 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 registered in the...
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Aug 22, 2007 The Sound of Victory: Logitech Unveils Surround Sound Speaker System Designed for Gamers
Logitech G51 Surround Sound Speaker System Provides 360-Degree Surround Sound, Matrix Modes, Dual Mute Controls FREMONT, Calif., Aug 22, 2007 (BUSINESS WIRE) - Logitech (SWX:LOGN) (NASDAQ:LOGI) today expanded the award-winning G-series family of PC gaming peripherals, unveiling the Logitech(R) G51 Surround Sound Speaker System, a 5.1 speaker system featuring 360-degree surround sound with dual Matrix modes for a more immersive gaming experience. For gamers who want to bring their games to life, the Logitech G51 Surround Sound Speaker System offers all the benefits of 360-degree surround sound - and makes it available with or without a multi-channel audio source. With Logitech's dual Matrix technology, gamers can create a 5.1 surround-sound experience from any common two-channel stereo source. "The G51 delivers an immersive surround-sound experience, but it goes far beyond that for gamers," said Jef Holove, general manager and vice president of Logitech's audio business. "Surround...
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Aug 16, 2007 A Dream Come True: Logitech Introduces New Category of iPod Speakers - The iPod Bedroom Music System
Premium Audio, Innovative Motion-, Light-Sensing Technology, Radio, Alarm Make Logitech Pure-Fi Dream Perfect for the Bedroom FREMONT, Calif., Aug 16, 2007 (BUSINESS WIRE) - Logitech (SWX:LOGN) (NASDAQ:LOGI), a worldwide leader in iPod speakers, today announced the Logitech(R) Pure-Fi Dream(TM) Premium Bedroom Music System for iPod(R), establishing a new category of iPod speakers for the bedroom. With premium audio, an innovative application of motion- and light-sensing technology, a built-in digital AM/FM radio and a dual alarm with battery backup, the Pure-Fi Dream speakers are perfect for any nightstand. "Pure-Fi Dream is our most thoughtful and sophisticated design for iPod users," said Jef Holove, general manager and vice president of Logitech's audio business unit. "Though people use their iPods in the bedroom more than anywhere else, until today, a high-quality, iPod bedroom speaker system did not exist. First and foremost an impressive audio platform, the Pure-Fi Dream will...
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Aug 16, 2007 Logitech Delivers Big Sound in a Small Size, Upgrades Best-Selling Portable iPod Speaker System
Logitech Pure-Fi Anywhere Optimizes Portability: Offers Rechargeable Battery with Battery-Life Indicator, Improved Traveling Case FREMONT, Calif., Aug 16, 2007 (BUSINESS WIRE) - Logitech (NASDAQ:LOGI) (SWX:LOGN), a worldwide leader in portable iPod speakers, today announced the Logitech(R) Pure-Fi Anywhere(TM) Compact Speakers for iPod(R), optimizing portability and delivering big sound in a small size. Building on the success of the Logitech(R) mm50 portable speakers, the company's best-selling iPod speaker system, the Pure-Fi Anywhere speakers offer a rechargeable battery, now with a battery-life indicator; an improved traveling case; and a redesigned, advanced remote control with one-touch access to Shuffle and Repeat. The Logitech Pure-Fi Anywhere speakers give iPod owners what they want to complete the portable experience. "For almost two years, Logitech has been a leader worldwide in portable iPod speakers and we're confident that the new Pure-Fi Anywhere will extend our success...
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Aug 6, 2007 Logitech CFO Mark Hawkins to Present at Pacific Crest Technology Leadership Forum
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Aug 06, 2007 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (NASDAQ:LOGI) today announced that Mark J. Hawkins, Logitech senior vice president of finance and information technology, and chief financial officer, will present at the Pacific Crest Technology Leadership Forum in Vail, Colo. on Aug. 7, 2007 at 2:00 p.m. Mountain Daylight Time/4:00 p.m. Eastern Daylight Time/22:00 Central European Summer 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...
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Aug 1, 2007 One Size Does Not Fit All: Logitech G9 Laser Mouse Lets Gamers Tune for the Way They Play
G9 Mouse Features Customizable Grips, Onboard Memory, Custom-Color LED, Adjustable DPI and Weight-Tuning Tray Logitech Also Introduces Updated G15 Gaming Keyboard FREMONT, Calif., Aug 01, 2007 (BUSINESS WIRE) - Logitech (NASDAQ:LOGI) (SWX:LOGN) today introduced the newest addition to its award-winning line of G-series peripherals for PC gaming. The Logitech(R) G9 Laser Mouse takes customization to the extreme, giving PC gamers the ability to modify nearly every part of the G9 mouse for the best personal fit, feel and performance. For even greater gameplay domination, Logitech also unveiled an upgrade to the popular Logitech(R) G15 Gaming Keyboard - now with native support from the most popular games for its exclusive GamePanel(TM) LCD screen, a backlighted 160 by 43 pixel screen that gives gamers critical information to help them win. With the corded G9 mouse, gamers can enjoy interchangeable grips, on-the-fly dpi switching ranging from 200 dpi to 3200 dpi, full-speed USB laser...
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Jul 26, 2007 Groundbreaking Logitech Keyboard Design Delivers Comfort in a Familiar Shape
Logitech Comfort Wave Design Guides Hands, Cradles Fingers for a Naturally Comfortable Typing Experience FREMONT, Calif., Jul 26, 2007 (BUSINESS WIRE) - To offer computer users more comfort, Logitech (SWX:LOGN) (NASDAQ:LOGI) today unveiled a groundbreaking keyboard design that is a significant evolution of the familiar straight keyboard, yet doesn't require people to relearn how to type. The new Logitech(R) Cordless Desktop Wave(TM) and the Logitech(R) Wave Keyboard(TM) feature the innovative Logitech Comfort Wave Design, which increases keyboard comfort for Mac and PC users who want to do more, more comfortably. Logitech combined three elements in its new design to enhance comfort without requiring people to change the way they type: an innovative wave key-frame design, a U-shaped constant curve and a cushioned, contoured palm rest. In comparison to ergonomic keyboards, people can use a Wave keyboard immediately - there is no learning curve. The Comfort Wave Design guides hands and...
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Jul 23, 2007 Plug and Forget with the Logitech VX Nano Cordless Laser Mouse for Notebooks
World's Smallest USB Receiver for Mice Simplifies Life for On-The-Road Notebook Users FREMONT, Calif. — July 23, 2007 — The next big thing in notebook mice is really small. Logitech (SWX: LOGN) (NASDAQ: LOGI), the world's leading manufacturer of computer mice, today introduced the Logitech® VX Nano Cordless Laser Mouse for Notebooks. The mouse's plug-and-forget nano-receiver provides highly mobile notebook PC and MacBook® users with a mouse that simplifies life on the road. Because the USB receiver is so small and is nearly flush with the notebook, people no longer need to constantly plug and unplug it when moving from place to place. "More and more laptop users are abandoning the touch pad in favor of a cordless notebook mouse," said Rory Dooley, Logitech senior vice president and general manager of the Control Devices business unit. "However, with most notebook mice, the size of the receiver forces people to plug and unplug the receiver each time they use the laptop. Because we were...
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Jul 18, 2007 Logitech Announces Q1 Earnings
Company Confirms Financial Goals for Full Year FREMONT, Calif., July 18, 2007 and ROMANEL-SUR-MORGES, Switzerland, July 19, 2007 — Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced its financial results for the first quarter of Fiscal Year 2008. Sales for Q1 were $430 million, up 9 percent from $393 million in the same quarter last year. GAAP operating income was $24 million, up 1 percent from $23.8 million for the same quarter a year ago. GAAP net income was $25.6 million ($0.14 per share), compared to $30.1 million ($0.16 per share) in Q1 of FY 2007, which included an after-tax gain of $5.8 million ($0.03 per share) from the sale of shares of Anoto Group AB. Excluding this gain in the prior year, net income increased by 5 percent. Gross margin was 33.7 percent, a year-over-year improvement of 300 basis points compared to 30.7 percent in Q1 of FY 2007. Logitech's retail sales for Q1 grew by 8 percent year over year, increasing in the Americas and Asia Pacific by 17...
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Jul 12, 2007 Logitech Introduces the Future of PC Navigation
New MX Air Mouse Works on the Desk and in the Air FREMONT, Calif., Jul 12, 2007 (BUSINESS WIRE) - The future of PC navigation starts now. Logitech (SWX: LOGN) (NASDAQ: LOGI), the world's leading manufacturer of computer mice, today introduced the Logitech(R) MX Air(TM) Rechargeable Cordless Air Mouse, a versatile laser mouse that works on the desk and in the air. Similar to the way people use a remote to control a television, when holding the MX Air mouse, people can now lean back and relax while navigating the computer and enjoying media content. For many, the computer is now much more than a productivity tool. It serves as a hub for digital media, demanding a new way for people to control, consume and enjoy music, photos and videos on the PC. To enable effortless in-air navigation, the new mouse combines three important technologies - Freespace(TM) motion-control, gesture command and wireless - so people can point, select and play media files with just a flick of the wrist. "The MX...
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Jun 28, 2007 The New Standard: Logitech Delivers Image-Perfect Clarity for Video Calling and Sharing
New Webcams Benefit From Exclusive Collaboration Between Logitech and Carl Zeiss for Premium Webcam Optics Logitech QuickCam Pro 9000, Logitech QuickCam Pro for Notebooks Feature Carl Zeiss Optics With Premium Autofocus FREMONT, Calif., Jun 28, 2007 (BUSINESS WIRE) - Logitech (SWX:LOGN) (NASDAQ:LOGI), the world's leading manufacturer of webcams, today unveiled the Logitech(R) QuickCam(R) Pro 9000 and the Logitech(R) QuickCam(R) Pro for Notebooks, featuring lenses designed in an exclusive collaboration with Carl Zeiss, one of the world's leading optics companies. Combining Logitech's webcam leadership with Carl Zeiss's 160-year history of optical expertise, these new QuickCam Pro-series webcams establish a new standard for webcam image quality - making video calls of image-perfect detail and clarity a reality. Logitech has been driving webcam technology since its inception and recently shipped its 50 millionth webcam. The company's cooperation with Carl Zeiss represents a significant...
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Jun 27, 2007 Logitech Sets First Quarter Fiscal 2008 Earnings Announcement
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Jun 27, 2007 (BUSINESS WIRE) - Logitech International (Nasdaq:LOGI) (SWX:LOGN) announced that it will release quarterly financial results on Wednesday, July 18, 2007 at 10:00 p.m. Eastern Daylight Time/Thursday, July 19, 2007 at 04:00 Central European Summer Time. There will be a teleconference to discuss these results on July 19, 2007 at 8:00 a.m. Eastern Daylight Time/14:00 Central European Summer Time. A live webcast of the call, along with presentation slides, 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...
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Jun 20, 2007 Logitech Expands Notebook Essentials Line
Company Working with Major Retailers to Make Shopping for Notebook Accessories Easier FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Jun 20, 2007 (BUSINESS WIRE) - Logitech (NASDAQ:LOGI) (SWX:LOGN) today announced that shopping for the essential peripherals that complement a notebook PC just got easier. The company has expanded its line of notebook PC essentials and is working with retailers to conveniently display and merchandize notebook essentials in a way that matches the right set of products to the right notebook user. Logitech's new peripherals include two Logitech(R) Alto(TM) notebook stands, the Logitech(R) Kinetik(TM) notebook cases, the Logitech(R) Premium 4-Port USB Hub for Notebooks and the Logitech(R) Cordless Number Pad for Notebooks. These new peripherals further expand Logitech's line of notebook products, which also includes notebook mice, webcams, headsets and speakers, and also establish two new notebook peripheral categories for Logitech: notebook cases...
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Jun 20, 2007 Logitech Shareholders Elect Two New Board Members, Re-Elect Three Board Members
Logitech – June 20, 2007 – Logitech announced that at the Company's Annual General Meeting held today in Lausanne, Switzerland, its shareholders elected two new board members: Sally Davis, chief portfolio officer of British Telecom and Robert Malcolm, president of global marketing, sales and innovation at Diageo, plc. The shareholders re-elected board members Daniel Borel, Logitech chairman, Guerrino De Luca, Logitech president and chief executive office and Monika Ribar, chief executive officer of Panalpina Group. All other resolutions put before the shareholders were passed....
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Jun 19, 2007 Logitech Announces New Share Buyback Program
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Jun 19, 2007 (BUSINESS WIRE) - Logitech International (Nasdaq:LOGI) (SWX:LOGN) today announced that its board of directors has 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 $250 million. Under the current program, which began in November 2006, Logitech has repurchased a total of 4,665,700 shares for $128.3 million, as of June 18, 2007. Under Logitech's share buyback program, shares may be repurchased from time to time on the open market, through block trades or otherwise. Purchases may be started or stopped at any time without prior notice depending on market conditions and other factors. About Logitech Logitech is a world leader in personal peripherals, driving innovation in PC navigation, Internet...
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May 17, 2007 Logitech CEO Guerrino De Luca to Present at JP Morgan 35th Annual Technology Conference in Boston
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, May 17, 2007 (BUSINESS WIRE) - Logitech International (NASDAQ:LOGI) (SWX:LOGN) today announced that Guerrino De Luca, Logitech president and chief executive officer, will present at the JP Morgan 35th Annual Technology Conference in Boston on May 22, 2007 at 9:20 a.m. Eastern Daylight Time/6:20 a.m. Pacific Daylight 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 registered in the United States and other countries. All other trademarks are the...
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May 8, 2007 Logitech to Hold Investor Day on May 10, 2007 in London
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, May 08, 2007 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (Nasdaq:LOGI) today announced it will hold an Investor Day in London on May 10, 2007. 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 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...
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May 7, 2007 Logitech Announces New Board Nominees
Sally Davis, Robert Malcolm to Be Proposed to Shareholders at June Annual General Meeting FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, May 07, 2007 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (Nasdaq:LOGI) today announced that its board of directors will ask shareholders to approve the election of two new board members at the company's annual general meeting in Lausanne, Switzerland on June 20, 2007. Proposed for three-year terms are Sally Davis, chief portfolio officer of BT Group PLC and Robert Malcolm, president of global marketing, sales and innovation with Diageo PLC. At the meeting, Logitech shareholders will also be asked to re-elect three members of the board for three-year terms: Monika Ribar, chief executive officer of the Panalpina Group, Guerrino De Luca, Logitech president and chief executive officer and Daniel Borel, chairman. Shin'ichi Okamoto is retiring from the board after a three-year term. If all nominees are elected, the size of Logitech's Board...
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Apr 18, 2007 Logitech Delivers Ninth Consecutive Record Year
FREMONT, Calif., April 18, 2007 and ROMANEL-SUR-MORGES, Switzerland, April 19, 2007 — Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced it has posted its ninth consecutive year of record sales and profits. The Company closed the fiscal year with a record fourth quarter – its 34th consecutive quarter of double-digit revenue growth – and achieved its upwardly revised full-year goal for operating income while falling short of its increased target for year-over-year sales growth, due to a year-over-year decline in Q4 webcam sales. Results for Full Fiscal Year Sales for the fiscal year, ended March 31, 2007 were $2.1 billion, up 15 percent from $1.8 billion in FY 2006. GAAP operating income was $231 million and includes $19.5 million in costs for stock-based compensation. GAAP net income, including $14.9 million in costs for stock-based compensation (net of related tax benefit), was $230 million ($1.20 per share). GAAP gross margin was 34.3 percent. Non-GAAP operating...
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Apr 4, 2007 Logitech Sets Fourth Quarter Fiscal 2007 Earnings Announcement
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Apr 04, 2007 (BUSINESS WIRE) - Logitech International (SWX: LOGN) (Nasdaq: LOGI) announced that it will release quarterly and full fiscal year financial results on Wednesday, April 18, 2007 at 7:00 p.m. Pacific Daylight Time/10:00 p.m. Eastern Daylight Time, Thursday, April 19, 2007 at 04:00 Central European Time. There will be a teleconference to discuss these results on April 19, 2007 at 5:00 a.m. Pacific Daylight Time/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 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...
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Mar 14, 2007 Logitech Adds New Notebook Webcams For Growing Notebook Market
Logitech QuickCam Deluxe for Notebooks, Logitech QuickCam for Notebooks Deliver Enhanced Image Quality HANNOVER, Germany, Mar 14, 2007 (BUSINESS WIRE) - Addressing the growing demand for notebook peripherals, Logitech (SWX:LOGN) (NASDAQ:LOGI), the world's leading manufacturer of webcams, announced two new additions to its growing portfolio of notebook peripherals: the Logitech(R) QuickCam(R) Deluxe for Notebooks and the Logitech(R) QuickCam(R) for Notebooks. Both the QuickCam Deluxe for Notebooks and the QuickCam for Notebooks webcams offer Logitech's enhanced RightSound(TM) Technology with new noise suppression, which helps improve sound quality, and RightLight(TM) Technology, which enables crisp, clear image quality even in dim lighting. And the QuickCam Deluxe for Notebooks incorporates a glass lens for improved image clarity. These upgrades ensure exceptional video communication at an affordable price. In 2006, worldwide shipments of notebook PCs reached over 80 million, an...
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Feb 22, 2007 Logitech CFO Mark Hawkins to Present at Goldman Sachs Investment Technology Symposium 2007
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Feb 22, 2007 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (NASDAQ:LOGI) today announced that Mark J. Hawkins, Logitech senior vice president of finance and information technology, and chief financial officer, will present at the Goldman Sachs Investment Technology Symposium 2007 in Las Vegas on Feb. 27, 2007 at 4:40 p.m. Pacific Standard Time/7:40 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 registered in the...
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Jan 31, 2007 Logitech Joins NASDAQ-100 Index
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Jan 31, 2007 (BUSINESS WIRE) - Logitech International (Nasdaq:LOGI)(SWX:LOGN) today announced that the company will become part of the NASDAQ-100 Index(R) (NASDAQ:NDX) and the NASDAQ-100 Equal Weighted Index(SM) (NASDAQ:NDXE), effective prior to the market opening on Thursday, February 1, 2007. The company will also be included in the NASDAQ-100 Index Tracking Stock(R) (NASDAQ:QQQQ). "Having just delivered our thirty-third consecutive quarter of double-digit growth, Logitech is delighted to join the leading companies that make up the prestigious NASDAQ-100 Index," said Mark Hawkins, Logitech senior vice president of finance and information technology and chief financial officer. "Logitech has been a leader in technology innovation for more than 25 years," said Bruce Aust, NASDAQ executive vice president. "With its consistent track record of great products, revenue growth and profits, Logitech is a fitting addition to the...
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Jan 17, 2007 Logitech Delivers Best Quarter Ever
Sales up 15%, Net Income up 32% Company Increases Full-Year Target for Operating Income ROMANEL-SUR-MORGES, Switzerland, Jan. 18, 2007 and FREMONT, Calif., Jan 17, 2007 — Logitech International (SWX: LOGN) (Nasdaq: LOGI) today announced its best-ever quarterly results, posting record profits and margins, and the Company's thirty-third consecutive quarter of double-digit revenue growth. Sales for the third quarter of Fiscal Year 2007, ended Dec. 31, 2006, were $659 million, up 15 percent from $574 million for the same quarter one year ago. GAAP operating income was $100 million, an increase of 23 percent over Q3 last year, and includes $4.6 million in costs for stock-based compensation. GAAP net income, including $4.4 million in costs for stock-based compensation (net of related tax benefit), was $94 million ($0.49 per share), up 32 percent year over year. GAAP gross margin was 36.2 percent. Non-GAAP operating income, which excludes stock-based compensation, was $104.2 million, up 29...
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Jan 4, 2007 Logitech Peripherals Enhance the Windows Vista Experience
Logitech Uses CES to Showcase Portfolio of Peripherals Certified for Windows Vista LAS VEGAS, Jan 04, 2007 (BUSINESS WIRE) - Logitech (NASDAQ:LOGI) (SWX:LOGN) will showcase its portfolio of peripherals designed to work with Windows Vista(TM) at the Consumer Electronics Show next week. In anticipation of the consumer rollout of Microsoft's new operating system (OS), expected in late January, Logitech has designed peripherals that help people take better advantage of the new Windows Vista experience. While more than 100 Logitech peripherals will work with Windows Vista, some Logitech peripherals are optimized for the new OS. Products such as the Logitech(R) Cordless Desktop(R) MX(TM) 3200 Laser offer easy access to the innovative navigational features of Windows Vista, such as Flip 3D, while others - such as the QuickCam(R) Ultra Vision(TM) Special Edition webcam - complement the striking new Windows Vista visual experience. The new products will be showcased in the Microsoft pavilion...
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Jan 3, 2007 Logitech Sets Third Quarter Fiscal 2007 Earnings Announcement
FREMONT, Calif. & ROMANEL-SUR-MORGES, Switzerland, Jan 03, 2007 (BUSINESS WIRE) - Logitech International (SWX:LOGN) (Nasdaq:LOGI) announced that it will release quarterly financial results on Wednesday, Jan. 17, 2007 at 10:00 p.m. Eastern Standard Time/Thursday, Jan. 18, 2007 at 04:00 Central European Time. There will be a teleconference to discuss these results on Jan. 18, 2007 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 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...
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