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INTERVIEW: Logitech May Up FY11 Target After Google TV Launch

By Goran Mijuk Of DOW JONES NEWSWIRES ZURICH -(Dow Jones)- Logitech International SA (LOGI) may raise its revenue guidance for the 2011 fiscal year after the launch of Google TV later this year, its chief executive said Thursday. Logitech earlier Thursday raised it full-year sales guidance for the 2011 fiscal year ending March to $2.35 billion, after posting strong first-quarter earnings. Gerald Quindlen told Dow Jones Newswires that the raised targets didn't include potential sales from computer peripherals as part of Google Inc.'s (GOOG) Internet TV project, due to launch later this year. Logitech will provide items such as keyboards and cameras as part of the launch and if that goes well Logitech may further raise its guidance. Quindlen said while the second quarter has started well and Logitech was pleased with progress, consumer confidence is still mixed. He said Logitech was well positioned in the market due the different prices it could offer consumers. The first-quarter sales increase of 47% on the year was partly due to the company's efforts to continually innovate its products, Quindlen added. -By Goran Mijuk, Dow Jones Newswires, +41 43 443 80 47; goran.mijuk@dowjones.com

Stock News for Logitech International S.a. - Registered (LOGI)
DateTimeHeadline
05/26/201504:00:00Logitech Harmony Brings Home Control to All Harmony Hub Users
05/21/201509:00:00Lifesize Expands Global Cloud Video Service to Support 15 Languages
05/19/201504:00:00Seven Logitech Products Recognized With International Design...
05/14/201517:29:20Statement of Changes in Beneficial Ownership (4)
05/14/201506:02:52Current Report Filing (8-k)
05/13/201521:00:00Logitech Confirms Lifesize Non-Cash Accounting Charge for Fiscal...
04/29/201519:20:10Statement of Changes in Beneficial Ownership (4)
04/29/201519:19:13Statement of Changes in Beneficial Ownership (4)
04/27/201519:04:48Statement of Changes in Beneficial Ownership (4)
04/23/201518:21:48ADR Shares End Higher; Ericsson Drops, Logitech Rises
04/23/201506:03:14Current Report Filing (8-k)
04/22/201522:10:32Logitech 4Q Net Profit Jumps 58%
04/22/201521:00:00Logitech Exceeds Fiscal Year 2015 Expectations; Best Earnings...
04/17/201517:56:30Statement of Changes in Beneficial Ownership (4)
04/17/201517:46:20Statement of Changes in Beneficial Ownership (4)
04/17/201517:45:25Statement of Changes in Beneficial Ownership (4)
04/17/201517:44:27Statement of Changes in Beneficial Ownership (4)
04/17/201517:43:38Statement of Changes in Beneficial Ownership (4)
04/13/201519:12:46Statement of Changes in Beneficial Ownership (4)
04/08/201504:00:00Logitech Announces the Logitech Keys-To-Go Ultra-Portable Keyboard...

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