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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
03/21/201709:42:00Logitech Introduces Rugged Combo for the New 9.7-inch iPad, Made...
03/14/201718:49:26Statement of Changes in Beneficial Ownership (4)
03/10/201717:32:53Statement of Changes in Beneficial Ownership (4)
03/07/201703:01:00New Logitech G Pro Mechanical Gaming Keyboard Designed in Collaboration...
03/07/201700:01:00Logitech Forecasts Strong FY18 Revenue and Profit Growth
03/06/201703:01:00Logitech Breaks Company Record With Nine iF DESIGN AWARDS in...
02/14/201706:08:06Amended Statement of Ownership (sc 13g/a)
02/10/201717:36:29Statement of Changes in Beneficial Ownership (4)
02/10/201717:24:33Statement of Changes in Beneficial Ownership (4)
02/09/201708:08:00BizWireTV: Intel Drones Light Up the Super Bowl and Logitech...
02/07/201709:00:00Logitech ZeroTouch Brings Amazon Alexa to Your Car
02/07/201704:07:00Logitech Introduces Its Best Webcam Ever
02/07/201703:01:00Logitech Introduces Its Best Webcam Ever
02/06/201717:00:00Logitech Files Quarterly Report on Form 10-Q
02/06/201716:10:20Quarterly Report (10-q)
02/03/201716:11:52Amended Statement of Changes in Beneficial Ownership (4/a)
02/03/201716:07:32Amended Statement of Changes in Beneficial Ownership (4/a)
02/01/201703:01:00Logitech Transforms Presentations With Spotlight: Highlight...
01/25/201706:02:31Current Report Filing (8-k)
01/24/201721:00:00Logitech Reports Highest Retail Revenue in Company’s History

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