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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
02/04/201604:00:00Logitech G Expands RGB Mechanical Gaming Keyboard Lineup
01/26/201604:00:00Graffiti Illustrator Nychos Designs Next Ultimate Ears Artist...
01/22/201617:00:00Logitech Files Quarterly Report on Form 10-Q
01/21/201617:56:00ADRs End Mostly Higher; Pearson Rises
01/21/201606:02:31Current Report Filing (8-k)
01/20/201621:00:00Logitech Delivers Better-Than-Expected Q3 Results and Raises...
01/13/201604:00:00Logitech Wins Five 2015 GOOD DESIGN Awards
01/06/201617:11:54Statement of Changes in Beneficial Ownership (4)
01/06/201617:10:59Statement of Changes in Beneficial Ownership (4)
01/05/201604:00:00Logitech Announces New G502 Proteus Spectrum Gaming Mouse
01/04/201617:04:25Current Report Filing (8-k)
01/04/201617:00:00Logitech Announces Date for Release of Third Quarter Fiscal 2016...
12/29/201517:00:00Logitech Creates New, Standalone Lifesize
12/23/201517:13:50Current Report Filing (8-k)
11/11/201507:00:00Logi CREATE Unveiled: The First Accessories Specially Designed...
10/26/201517:00:00Logitech Files Quarterly Report on Form 10-Q
10/23/201516:15:44Quarterly Report (10-q)
10/21/201522:58:05Logitech beats by $0.03, beats on revenue
10/21/201521:00:00Logitech Q2 Delivers Best Retail Sales Growth Since 2010
10/20/201517:35:49Notable earnings after Wednesday’s close

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