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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
08/31/201603:01:00Logitech Introduces Its First Ever Silent Mice
08/22/201617:09:01Additional Proxy Soliciting Materials (definitive) (defa14a)
08/16/201603:01:00Logitech G Introduces New Gaming Mouse Designed With And For...
08/11/201603:01:00Logitech Introduces Button to Control Your Smart Home
08/09/201618:50:52Statement of Changes in Beneficial Ownership (4)
08/05/201616:02:50Additional Proxy Soliciting Materials (definitive) (defa14a)
08/02/201603:01:00Logitech Introduces CREATE for iPad Pro 9.7
07/29/201619:04:27Statement of Changes in Beneficial Ownership (4)
07/29/201617:24:00Logitech Files Quarterly Report on Form 10-Q
07/29/201616:17:59Quarterly Report (10-q)
07/28/201606:02:23Current Report Filing (8-k)
07/27/201621:00:00Logitech Accelerates With Best Retail Sales Growth in Over Five...
07/22/201616:32:54Additional Proxy Soliciting Materials (definitive) (defa14a)
07/22/201616:32:28Proxy Statement (definitive) (def 14a)
07/19/201603:01:00Ultimate Ears Adds Mesmerizing New Design with Jen Stark Artist...
07/15/201609:26:09Confidential Treatment Order (ct Order)
07/08/201617:31:44Proxy Statement - Notice of Shareholders Meeting (preliminary...
07/07/201617:00:00Logitech Announces Date for Release of Financial Results for...
06/30/201606:04:11Current Report Filing (8-k)
06/29/201617:00:00Logitech Nominates EPFL President Patrick Aebischer to Board...

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