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Posts Tagged ‘Logitech’

Logitech CFO Mark Hawkins to Present at Two Financial Conferences in San Francisco

FREMONT, Calif., Feb. 23, 2009 and ROMANEL-SUR-MORGES, Switzerland, Feb. 24, 2009 — Logitech International (SIX: 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 following conferences:

Goldman Sachs Technology and Internet Conference 2009 in San Francisco on Feb. 25, 2009 at 4:40 p.m. Pacific Standard Time/7:40 p.m. Eastern Standard Time.

Morgan Stanley Technology Conference in San Francisco on March 2, 2009 at 1:00 p.m. Pacific Standard Time/4:00 p.m. Eastern Standard Time.

A live webcast and replay of each 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 listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market

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Logitech Squeezebox Adds Music from Napster

FREMONT, Calif. — February 17, 2009 — Logitech (SIX: LOGN) (NASDAQ: LOGI) today announced that Logitech® Squeezebox™ network music players support online music from the award-winning music subscription service Napster®. Using your existing wireless home network and your Squeezebox player, now you can access Napster’s library of more than 7 million songs on the home-entertainment system in your living room, bedroom, or in any room where you listen to music.

“Logitech is delighted to add Napster to its family of online music services for the Squeezebox product line,” said Robin Selden, vice president of the Logitech Streaming Media group. “The Logitech Squeezebox is a Wi-Fi device, so you don’t have to string wires everywhere just to enjoy Napster away from the computer. Whether you love rap or reggae, Beethoven or classic rock, Napster and Squeezebox make it easy to listen to a world of music, streamed to any room in your home.”

Napster can deliver music, on-demand, through any Logitech Squeezebox network music player. Using Napster, you can choose from millions of songs from all major labels and thousands of independent labels, discovering old favorites and exploring new music from Napster’s playlists, new releases and Billboard charts.

“Napster, a pioneer of digital music, has always offered the ultimate in interactive music experiences, creating better ways to discover, share, acquire and enjoy music,” said Napster President Brad Duea. “Online music is growing more popular every day, and the link between Napster and a Logitech Squeezebox is a natural one. Together, Napster and Logitech are harnessing the potential of the digital world for music lovers everywhere.”

Napster is available for a free 30-day trial period to Logitech Squeezebox owners in the United States, Canada, United Kingdom and Germany. After 30 days, Napster is available for $12.95 per month (U.S.). More details can be found at http://www.logitechsqueezebox.com/napster or http://www.napster.com/squeezebox.

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 listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market

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Werner Heid Joins Logitech as SVP of Worldwide Sales and Marketing

FREMONT, Calif., Feb. 8, 2009 and ROMANEL-SUR-MORGES, Switzerland, Feb. 9, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that Werner Heid, age 49, has joined the company as a senior vice president, responsible for worldwide sales and regional marketing. Mr. Heid assumes the executive management responsibility for Logitech’s retail sales in the Americas, EMEA and Asia Pacific regions, as well as for worldwide sales to OEM customers. He reports directly to Gerald P. Quindlen, Logitech president and chief executive officer.

Mr. Heid brings to Logitech a wealth of experience as a senior executive in high-technology companies. Mr. Heid served for five years as the president and chief executive officer of Iomega Corporation, the provider of consumer and small-business data-storage solutions. Before joining Iomega, Mr. Heid was the executive vice president of global sales and marketing for InFocus Corporation, a leading supplier of multimedia projection systems for consumers and business. He joined the company when InFocus acquired Proxima Corporation, where Mr. Heid served as president. Prior to taking on his leadership role at Proxima, Mr. Heid was with Hewlett-Packard Corporation for twelve years, in both Europe and the United States. At H-P, he led the business definition and the successful global market launch of the company’s All-In-One and color copier product businesses.

“I am delighted to have Werner Heid join Logitech to lead our global go-to-market organization,” said Jerry Quindlen. “Werner brings an outstanding background to Logitech and a proven track record for achieving growth, focusing on customers and building market share in a variety of businesses, cultures and geographies. He has a broad understanding of the consumer electronics business and we believe will offer a tremendous contribution to our leadership team.”

A native of Germany, Werner Heid holds a masters degree in electrical engineering from University Karlsruhe in Germany.

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 listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market

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Logitech CFO Mark Hawkins to Present at Thomas Weisel Partners Technology & Telecom Conference 2009

FREMONT, Calif., Feb. 5, 2009 and ROMANEL-SUR-MORGES, Switzerland, Feb. 6, 2009 — Logitech International (SIX: 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 Thomas Weisel Partners Technology & Telecom Conference 2009 in San Francisco on Feb. 9, 2009 at 8:00 a.m. Pacific Standard Time/11:00 a.m. Eastern Standard Time. A live audio 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 listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).

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Logitech Announces Q3 FY 2009 Results

FREMONT, Calif., Jan. 19, 2009 and ROMANEL-SUR-MORGES, Switzerland, Jan. 20, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the third quarter of Fiscal Year 2009. Sales for Q3 were $627 million, a decrease of 16 percent compared to $744 million in the same quarter last year. Operating income was $43 million, a decrease of 63 percent compared to $116 million in the same quarter a year ago. Net income was $40 million ($0.22 per share) compared to Q3 FY 2008 net income of $134 million ($0.71 per share), which included a net realized gain on sales of short-term investments of $27.8 million and an impairment loss of $5.5 million on the value of short-term investments. Gross margin for the third quarter of FY 2009 was 29.9 percent compared to 36.9 percent in Q3 FY 2008.

Logitech’s retail sales for Q3 FY 2009 declined 16 percent year over year, with sales down in the Americas and EMEA by 21 percent and 19 percent, respectively and sales up in Asia by 8 percent. OEM sales were down by 11 percent.

“The deepening global recession had a significant impact on our operating performance as our customers continued to reduce inventory levels in the face of weaker consumer demand,” said Gerald P. Quindlen, Logitech president and chief executive officer. “Two factors primarily contributed to the decline in our gross margin from last year’s record high – the negative impact of a significantly stronger dollar and a retail environment that was highly promotional, particularly in the Americas. We believe these factors are tied to the current economic conditions and are not permanent.

“During the quarter, we were able to scale back our operating expenses in anticipation of the challenging environment. And we continued to generate positive operating cash flow, ending the quarter with nearly half a billion dollars in cash.

“All indications point to an even weaker retail environment in the coming months. Consequently, our plans assume that in Q4 we will see year-over-year declines in sales, operating income before restructuring charges and gross margin that are similar to or worse than the year-over-year declines we experienced in Q3. However, we expect to continue to generate positive cash flow from operations as we focus on preserving the strength of our balance sheet. Moreover, we believe the substantial steps we are taking to align our cost structure with the current environment, combined with our continued emphasis on product innovation, will position the Company to successfully manage through this downturn and emerge stronger when the recovery begins.”

Restructuring
In addition to ongoing actions to reduce operating expenses, Logitech has initiated a restructuring that is expected to reduce the Company’s global salaried workforce by between 550 and 600 employees. This plan is expected to generate annual cost savings beginning in Fiscal Year 2010 of approximately $50 million. As a result of the restructuring, the Company expects to incur a total charge of approximately $20-24 million over the next twelve months, of which approximately $16-18 million is expected to be incurred during the fourth quarter of FY 2009.

Earnings Teleconference
Logitech will hold an earnings teleconference on Tuesday, Jan. 20, 2009 at 8:30 a.m. Eastern Standard Time and 14:30 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 listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market

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Take Comfort: Logitech Helps Make Laptop Experience More Comfortable Around the Home
Logitech Cooling Pad N100 Improves Airflow Around Notebook
Logitech Notebook Riser N110 Raises Notebook to Improve Comfort

FREMONT, Calif. — March 18, 2009 — You love your laptop. But you’re worried about how hot it gets. And you don’t like hunching over to use it. Logitech (SIX: LOGN) (NASDAQ: LOGI) today introduced the Logitech® Cooling Pad N100 and the Logitech® Notebook Riser N110, which extend the company’s line of notebook essentials that help make the laptop experience more comfortable around the home.

While the laptop is now the form factor of choice for around-the-home computing, Logitech research revealed that many people who feel that what they gain in convenience, they lose in comfort. For example, more than 60 percent of people surveyed reported using their laptops on the couch. However, more than 50 percent of them are concerned about laptop heat and 43 percent believe that excessive laptop heat can slow, or damage, their computer. Among people who prefer a more structured computing environment, more than 64 percent use their laptop on a desk, but 41 percent report concerns about how this affects their posture.

“We’ve identified two ways in which people use their laptops around the home – in structured spaces such as the home office, and unstructured spaces like the living room,” said Denis Pavillard, Logitech’s vice president of product marketing for keyboards and desktops. “Logitech now offers a range of solutions that enhance the laptop experience with designs based on our deep understanding of how people use their laptops around the home – and their desire to enjoy the convenience of a laptop, without sacrificing comfort.”

Logitech helps address these needs with the Cooling Pad N100 and Notebook Riser N110, as well as the previously introduced Comfort Lapdesk.

Logitech Cooling Pad N100 – Improves Airflow Around Your Notebook

When you’re using your laptop on the couch or bed or at a desk with your favorite external keyboard and mouse, the Logitech Cooling Pad N100 improves airflow around your notebook. To help protect you from heat the Cooling Pad N100 features a slotted surface, which allows the USB-powered fan to distribute air quietly and evenly.

To create a steady, unobstructed airflow, the Cooling Pad N100 uses rear air intake, unlike other cooling pads, which generate airflow from angles that are easily blocked by the laptop itself or loose articles of clothing. Plus, the enclosed, durable construction protects the internal fan from dust and damage.

Designed for efficiency, the Cooling Pad N100 includes a low power-consumption USB cable that connects to your computer with minimal impact on your notebook’s battery – while still delivering enough power to improve airflow around the laptop.

Logitech Notebook Riser N110 – Elevates Your Notebook to Improve Your Comfort

To help increase comfort when you’re working at your desk, or any other table around the home, the Logitech Notebook Riser N110 features an ergonomically designed riser that elevates your notebook display to an optimal viewing position.

You can use the Notebook Riser N110 with your favorite external keyboard and mouse – such as the Logitech® V550 Nano and the Logitech® diNovo Keyboard for Notebooks – and arrange each peripheral individually to enhance your typing posture. The Notebook Riser N110 also features an adjustable tilt – with 20-, 30- and 40-degree angles – and a rubber-soled swivel base, so you can choose the position that feels best to you. For your convenience, the Notebook Riser N110 flips open and folds flat for easy setup, transport and storage.

Logitech, however, offers more than just a comfortable notebook experience. Both the Cooling Pad N100 and the Notebook Riser N110 feature colors and a shape that fit seamlessly into your life. With light gray surfaces, Tuscan green accents and rounded edges, the Cooling Pad N100 and the Notebook Riser N110 will look good in any room you use them.

Logitech Comfort Lapdesk for Notebooks – Offers More Comfort Anywhere in Your Home

Announced in December 2008, the Logitech Comfort Lapdesk is designed to shield you from the heat of your laptop and give you a stable base when you’re working on the couch, bed or even the floor. Unlike makeshift solutions and other lapdesks, the Comfort Lapdesk features a four-layer, heat-shielding design to protect you from the heat from your laptop.

When you’re done using the computer, the Comfort Lapdesk’s thin, streamlined profile makes it easy to slide under a couch or bed, or it can stand upright for storage next to the sofa.

Pricing and Availability

The Logitech Cooling Pad N100 is expected to be available in the U.S. in March and Europe in April for a suggested retail price of $29.99 (U.S.). The Logitech® Notebook Riser N110 is expected to be available in the U.S. in May for a suggested retail price of $29.99 (U.S.). The Logitech Comfort Lapdesk for Notebooks is available now in the U.S. and Europe for a suggested retail price of $39.99 (U.S.).

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 listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market

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Logitech CFO Mark Hawkins to Present at Two Financial Conferences in San Francisco

FREMONT, Calif., Feb. 23, 2009 and ROMANEL-SUR-MORGES, Switzerland, Feb. 24, 2009 — Logitech International (SIX: 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 following conferences:

Goldman Sachs Technology and Internet Conference 2009 in San Francisco on Feb. 25, 2009 at 4:40 p.m. Pacific Standard Time/7:40 p.m. Eastern Standard Time.

Morgan Stanley Technology Conference in San Francisco on March 2, 2009 at 1:00 p.m. Pacific Standard Time/4:00 p.m. Eastern Standard Time.

A live webcast and replay of each 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 listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market

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Logitech Squeezebox Adds Music from Napster

FREMONT, Calif. — February 17, 2009 — Logitech (SIX: LOGN) (NASDAQ: LOGI) today announced that Logitech® Squeezebox™ network music players support online music from the award-winning music subscription service Napster®. Using your existing wireless home network and your Squeezebox player, now you can access Napster’s library of more than 7 million songs on the home-entertainment system in your living room, bedroom, or in any room where you listen to music.

“Logitech is delighted to add Napster to its family of online music services for the Squeezebox product line,” said Robin Selden, vice president of the Logitech Streaming Media group. “The Logitech Squeezebox is a Wi-Fi device, so you don’t have to string wires everywhere just to enjoy Napster away from the computer. Whether you love rap or reggae, Beethoven or classic rock, Napster and Squeezebox make it easy to listen to a world of music, streamed to any room in your home.”

Napster can deliver music, on-demand, through any Logitech Squeezebox network music player. Using Napster, you can choose from millions of songs from all major labels and thousands of independent labels, discovering old favorites and exploring new music from Napster’s playlists, new releases and Billboard charts.

“Napster, a pioneer of digital music, has always offered the ultimate in interactive music experiences, creating better ways to discover, share, acquire and enjoy music,” said Napster President Brad Duea. “Online music is growing more popular every day, and the link between Napster and a Logitech Squeezebox is a natural one. Together, Napster and Logitech are harnessing the potential of the digital world for music lovers everywhere.”

Napster is available for a free 30-day trial period to Logitech Squeezebox owners in the United States, Canada, United Kingdom and Germany. After 30 days, Napster is available for $12.95 per month (U.S.). More details can be found at http://www.logitechsqueezebox.com/napster or http://www.napster.com/squeezebox.

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 listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).

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Werner Heid Joins Logitech as SVP of Worldwide Sales and Marketing

FREMONT, Calif., Feb. 8, 2009 and ROMANEL-SUR-MORGES, Switzerland, Feb. 9, 2009 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that Werner Heid, age 49, has joined the company as a senior vice president, responsible for worldwide sales and regional marketing. Mr. Heid assumes the executive management responsibility for Logitech’s retail sales in the Americas, EMEA and Asia Pacific regions, as well as for worldwide sales to OEM customers. He reports directly to Gerald P. Quindlen, Logitech president and chief executive officer.

Mr. Heid brings to Logitech a wealth of experience as a senior executive in high-technology companies. Mr. Heid served for five years as the president and chief executive officer of Iomega Corporation, the provider of consumer and small-business data-storage solutions. Before joining Iomega, Mr. Heid was the executive vice president of global sales and marketing for InFocus Corporation, a leading supplier of multimedia projection systems for consumers and business. He joined the company when InFocus acquired Proxima Corporation, where Mr. Heid served as president. Prior to taking on his leadership role at Proxima, Mr. Heid was with Hewlett-Packard Corporation for twelve years, in both Europe and the United States. At H-P, he led the business definition and the successful global market launch of the company’s All-In-One and color copier product businesses.

“I am delighted to have Werner Heid join Logitech to lead our global go-to-market organization,” said Jerry Quindlen. “Werner brings an outstanding background to Logitech and a proven track record for achieving growth, focusing on customers and building market share in a variety of businesses, cultures and geographies. He has a broad understanding of the consumer electronics business and we believe will offer a tremendous contribution to our leadership team.”

A native of Germany, Werner Heid holds a masters degree in electrical engineering from University Karlsruhe in Germany.

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 listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market

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Logitech CFO Mark Hawkins to Present at Thomas Weisel Partners Technology & Telecom Conference 2009

FREMONT, Calif., Feb. 5, 2009 and ROMANEL-SUR-MORGES, Switzerland, Feb. 6, 2009 — Logitech International (SIX: 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 Thomas Weisel Partners Technology & Telecom Conference 2009 in San Francisco on Feb. 9, 2009 at 8:00 a.m. Pacific Standard Time/11:00 a.m. Eastern Standard Time. A live audio 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 listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market

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