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FREMONT, Calif., Sept. 21, 2011 and MORGES, Switzerland, Sept. 22, 2011 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today revised its outlook for Fiscal Year 2012, ending March 31, 2012, as a result of a detailed business assessment conducted over the last several weeks.
Based on the current economic environment in mature western markets, and the Company’s current product offering, Logitech expects to deliver revenue of approximately $2.4 billion and operating income of approximately $90 million for this fiscal year. The gross margin for the full year, which factors in the very low margin previously reported for Q1, is estimated to reach approximately 33 percent. Gross margin in both Q3 and Q4 is expected to be well above the full year average.
“Over the past several weeks after I resumed my CEO position, we conducted an in-depth assessment of the state of our business for Fiscal Year 2012 and beyond,” said Guerrino De Luca, Logitech chairman of the board and acting president and chief executive officer. “I am disappointed that our revised Fiscal 2012 outlook is not higher, but we now have a thorough understanding of what needs to be fixed. Our strategy remains unchanged. I expect the initiatives we have put in place to result in reinvigorated product offerings and improved execution in our sales and marketing organization as we progress through Fiscal 2012 and into Fiscal 2013.”
Logitech’s previous targets for FY 12 were sales of approximately $2.5 billion and operating income of at least $143 million. The Company’s previous FY 12 outlook did not include gross margin.
Teleconference and Webcast
Logitech will hold a teleconference regarding its FY 12 outlook on Thursday, Sept. 22, 2011 at 9:00 a.m. Eastern Daylight Time and 15:00 Central European Summer Time. A live webcast of the call will be available on the Logitech corporate Web site at http://ir.logitech.com.
Announcement of Q2 FY 12 Financial Results
Logitech will release quarterly financial results on Wednesday, Oct. 26, 2011 at 10:00 p.m. Eastern Daylight Time and Thursday, Oct. 27, 2011 at 04:00 Central European Summer Time.
There will be a teleconference to discuss these results on Thursday, Oct. 27, 2011 at 8:30 a.m. Eastern Daylight Time and 14:30 Central European Summer Time. A live webcast of the call will be available on the Logitech corporate website at http://ir.logitech.com.
About Logitech
Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. 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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This press release contains forward-looking statements, including the statements regarding anticipated sales, operating income and gross margin for FY 2012, gross margin for the second half of FY 2012, future product offerings, and future sales and marketing execution. The forward-looking statements in this release involve risks and uncertainties that could cause Logitech’s actual results to differ materially from that anticipated in these forward-looking statements. Factors that could cause actual results to differ materially include: the demand of our customers and our consumers for our products and our ability to accurately forecast it; if our investment prioritization decisions do not result in the sales or profitability growth we expect, or when we expect it; the effect of pricing, product, marketing and other initiatives by our competitors, and our reaction to them, on our sales, gross margins and profitability; the sales mix among our lower- and higher-margin products and our geographic sales mix; if our product offerings and marketing activities do not result in the sales and profitability growth we expect, or when we expect it; if we fail to take advantage of trends in the consumer electronics and personal computers industries, including the growth of mobile computing devices such as smartphones and tablets with touch interfaces, or if significant demand for peripherals to use with tablets and other mobile devices with touch interfaces does not develop; if there is a deterioration of business and economic conditions in one or more of our sales regions, or significant fluctuations in currency exchange rates; if the sales growth in emerging markets for our PC peripherals and other products does not increase as much as we expect; if our operational changes in our EMEA sales region are not completed when we expect, or do not result in the sales improvement in EMEA we expect; competition in the video conferencing and communications industry, including from companies with significantly greater resources, sales and marketing organizations, installed base and name recognition; as well as those additional factors set forth in Logitech’s periodic filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2011 and Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2011 available at www.sec.gov. Logitech does not undertake to update any forward-looking statements, which speak as of their respective dates.
Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s Web site at www.logitech.com.
(LOGI - IR)
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Full View / NID: 39471 / Submitted by: The Zilla of Zuron
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Severity Rating: Critical
Revision Note: V2.1 (September 21, 2011): Corrected the registry key verification entries in the Security Update Deployment section for Windows XP and Windows Server 2003.
Summary: This security update resolves a privately reported vulnerability in Microsoft Windows. The vulnerability could allow remote code execution if an attacker sent a specially crafted SMB response to a client-initiated SMB request. To exploit the vulnerability, an attacker must convince the user to initiate an SMB connection to a specially crafted SMB server.
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Full View / NID: 39470 / Submitted by: The Zilla of Zuron
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Severity Rating: Critical
Revision Note: V1.1 (September 21, 2011): Corrected the Affected Software table to remove MS11-046 as a bulletin replaced by this update on all affected editions of Windows Server 2003. This is a detection change only. There were no changes to the security update files. Customers who have already successfully updated their systems do not need to take any action.
Summary: This security update resolves two privately reported vulnerabilities in Windows DNS server. The more severe of these vulnerabilities could allow remote code execution if an attacker registers a domain, creates an NAPTR DNS resource record, and then sends a specially crafted NAPTR query to the target DNS server. Servers that do not have the DNS role enabled are not at risk.
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Full View / NID: 39469 / Submitted by: The Zilla of Zuron
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Severity Rating: Important
Revision Note: V1.2 (September 21, 2011): Removed erroneous reference to Microsoft Knowledge Base Article 2553001 in the deployment reference table for Microsoft Groove Server 2007. This is an informational change only. There were no changes to the security update files or detection logic.
Summary: This security update resolves five privately reported vulnerabilities and one publicly disclosed vulnerability in Microsoft SharePoint and Windows SharePoint Services. The most severe vulnerabilities could allow elevation of privilege if a user clicked on a specially crafted URL or visited a specially crafted Web site. For the most severe vulnerabilities, Internet Explorer 8 and Internet Explorer 9 users browsing to a SharePoint site in the Internet Zone are at a reduced risk because, by default, the XSS Filter in Internet Explorer 8 and Internet Explorer 9 helps to block the attacks in the Internet Zone. The XSS Filter in Internet Explorer 8 and Internet Explorer 9, however, is not enabled by default in the Intranet Zone.
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Full View / NID: 39468 / Submitted by: The Zilla of Zuron
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Messenger Plus! Live is an add-on for Windows Live Messenger which adds lots of features and extras that make your instant messenger easier, more useful or just tons more entertaining.
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Full View / NID: 39467 / Submitted by: TACKtech Team
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Adobe Flash Player is the standard for delivering high-impact, rich Web content. Designs, animation, and application user interfaces are deployed immediately across all browsers and platforms, attracting and engaging users with a rich Web experience.
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Full View / NID: 39450 / Submitted by: TACKtech Team
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Adding 1258 new threats. Keep your AVG software up-to-date by downloading the latest updates. No matter if you are using AVG Antivirus, Internet Security or another product, you are better protected with regular updates.
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Full View / NID: 39449 / Submitted by: The Zilla of Zuron
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Spybot - Search & Destroy detects and removes spyware, a relatively new kind of threat not yet covered by common anti-virus applications. Spyware silently tracks your surfing behaviour to create a marketing profile for you that is transmitted without your knowledge to the compilers and sold to advertising companies. If you see new toolbars in your Internet Explorer that you have not intentionally installed, if your browser crashes inexplicably, or if your home page has been "hijacked" (or changed without your knowledge), your computer is most probably infected with spyware. Even if you do not see the symptoms, your computer may be infected, because more and more spyware is emerging. Spybot-S&D is free, so there is no harm giving it a try to see if something has invaded your computer.
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Full View / NID: 39448 / Submitted by: The Zilla of Zuron
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NOD32 Antivirus System provides well balanced, state-of-the-art protection against threats endangering your PC and enterprise systems running various platforms from Microsoft Windows 95 / 98 / ME / NT / 2000 / 2003 / XP, through a number of UNIX/Linux, Novell, MS DOS operating systems to Microsoft Exchange Server, Lotus Domino and other mail servers.
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Full View / NID: 39447 / Submitted by: The Zilla of Zuron
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Nonprofit health system to implement Microsoft Amalga to improve care coordination across community.
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Full View / NID: 39446 / Submitted by: The Zilla of Zuron
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NOD32 Antivirus System provides well balanced, state-of-the-art protection against threats endangering your PC and enterprise systems running various platforms from Microsoft Windows 95 / 98 / ME / NT / 2000 / 2003 / XP, through a number of UNIX/Linux, Novell, MS DOS operating systems to Microsoft Exchange Server, Lotus Domino and other mail servers.
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Full View / NID: 39445 / Submitted by: The Zilla of Zuron
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Adding 1591 new threats. Keep your AVG software up-to-date by downloading the latest updates. No matter if you are using AVG Antivirus, Internet Security or another product, you are better protected with regular updates.
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Full View / NID: 39444 / Submitted by: The Zilla of Zuron
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NOD32 Antivirus System provides well balanced, state-of-the-art protection against threats endangering your PC and enterprise systems running various platforms from Microsoft Windows 95 / 98 / ME / NT / 2000 / 2003 / XP, through a number of UNIX/Linux, Novell, MS DOS operating systems to Microsoft Exchange Server, Lotus Domino and other mail servers.
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Full View / NID: 39442 / Submitted by: The Zilla of Zuron
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Most of the features present in other BitTorrent clients are present in µTorrent, including bandwidth prioritization, scheduling, RSS auto-downloading and Mainline DHT (compatible with BitComet). Additionally, µTorrent supports the Protocol Encryption joint specification (compatible with Azureus 2.4.0.0 and above, BitComet 0.63 and above) and peer exchange.
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Full View / NID: 39443 / Submitted by: TACKtech Team
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Dividend of $0.20 per share payable in December.
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Full View / NID: 39441 / Submitted by: The Zilla of Zuron
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Adding 2338 new threats. Keep your AVG software up-to-date by downloading the latest updates. No matter if you are using AVG Antivirus, Internet Security or another product, you are better protected with regular updates.
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Full View / NID: 39440 / Submitted by: The Zilla of Zuron
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NOD32 Antivirus System provides well balanced, state-of-the-art protection against threats endangering your PC and enterprise systems running various platforms from Microsoft Windows 95 / 98 / ME / NT / 2000 / 2003 / XP, through a number of UNIX/Linux, Novell, MS DOS operating systems to Microsoft Exchange Server, Lotus Domino and other mail servers.
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Full View / NID: 39439 / Submitted by: The Zilla of Zuron
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AMD (NYSE: AMD) today announced that the company will hold its Financial Analyst Day on February 2, 2012 at its headquarters in Sunnyvale, California. A live video webcast of the presentation with slides will be available on ir.amd.com. A replay of the webcast can be accessed approximately 24 hours afte..
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Full View / NID: 39438 / Submitted by: The Zilla of Zuron
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Logitech — September 20, 2011 — With thousands of TV channels and seemingly unlimited choice of shows and movies, getting to the content you are looking for is often a challenge as you navigate among programming guides and juggle multiple remotes to control your home entertainment system. With this in mind, today Logitech (SIX: LOGN) (NASDAQ: LOGI) unveiled Logitech Harmony® Link, a small device designed to hide next to your TV and media electronics and communicate over Wi-Fi® with the free Logitech Harmony Link App for iPad®. Working together, Logitech Harmony Link and the Logitech Harmony Link App let iPad users browse a personalized schedule of their favorite shows, channels and genres to find something good to watch and – with a single touch – turn on all the right devices and tune to the right channel. Logitech Harmony Link also works with the iPhone® or iPod touch® as well as Android smartphones to turn your phone into a universal remote. Logitech Harmony Link is expected to be available in the U.S. in October for a suggested retail price of $99.99.
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Full View / NID: 39437 / Submitted by: The Zilla of Zuron
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In-depth product review by Exchange MVP J. Peter Bruzzese says Mimecast's UEM has 'hit it out of the park' LONDON - September 20, 2011 - Mimecast®, the leading supplier of cloud-based email archiving, continuity and security for Microsoft Exchange and Office 365, announces that its Unified Email Management (UEM) product has been confirmed as a MSExchange Gold Award winner following a detailed product review. The reviewer, Exchange MVP and creator of ExclusivelyExchange.com J. Peter Bruzzese,...
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Full View / NID: 39436 / Submitted by: The Zilla of Zuron
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Holiday travel season prices are remaining largely constant and trending slightly lower, according to Bing Travel, providing travelers with happy news for the holidays.
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Full View / NID: 39435 / Submitted by: The Zilla of Zuron
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Through Shape the Future program, new effort will provide students with the digital tools needed for academic and job-market success to help drive economic recovery.
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Full View / NID: 39434 / Submitted by: The Zilla of Zuron
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Data analysis tool combines real-time market data with desktop data analysis in Microsoft Excel.
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Full View / NID: 39433 / Submitted by: The Zilla of Zuron
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Agreement provides Casio customers with coverage for use of Linux in certain devices.
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Full View / NID: 39432 / Submitted by: The Zilla of Zuron
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New Microsoft and Accenture study underscores industry need for tighter collaboration, more flexible IT infrastructure and cloud computing solutions.
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Full View / NID: 39431 / Submitted by: The Zilla of Zuron
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ERP solution eases challenges to drive fast growth of Formula One team.
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Full View / NID: 39430 / Submitted by: The Zilla of Zuron
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Foobar2000 is an advanced audio player for the Windows platform. Some of the basic features include ReplayGain support, low memory footprint and native support for several popular audio formats.
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Full View / NID: 39429 / Submitted by: TACKtech Team
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NOD32 Antivirus System provides well balanced, state-of-the-art protection against threats endangering your PC and enterprise systems running various platforms from Microsoft Windows 95 / 98 / ME / NT / 2000 / 2003 / XP, through a number of UNIX/Linux, Novell, MS DOS operating systems to Microsoft Exchange Server, Lotus Domino and other mail servers.
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Full View / NID: 39428 / Submitted by: The Zilla of Zuron
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London, 20 September 2011 - United Planet (www.unitedplanet.com), one of the leading developers of enterprise portal software in Europe, is pleased to announce that the ability to incorporate data from ABACUS Business Software and Microsoft Exchange 2010 into web-based applications and enterprise portals has been made possible with the launch of two new Intrexx Business Integration Adapters. The Intrexx Business Integration Adapter for ABACUS Business Software is available as part of the new version of...
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Full View / NID: 39427 / Submitted by: The Zilla of Zuron
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NOD32 Antivirus System provides well balanced, state-of-the-art protection against threats endangering your PC and enterprise systems running various platforms from Microsoft Windows 95 / 98 / ME / NT / 2000 / 2003 / XP, through a number of UNIX/Linux, Novell, MS DOS operating systems to Microsoft Exchange Server, Lotus Domino and other mail servers.
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Full View / NID: 39426 / Submitted by: The Zilla of Zuron
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