logitech international-reg
(LOGN:SIX Swiss Ex)
logitech international-reg (LOGN) Snapshot
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logitech international-reg (LOGN) Related Businessweek News
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Logitech International S.A., together with its subsidiaries, engages in the development and marketing of hardware and software products that enable digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security, and home-entertainment control worldwide. The company operates in two segments, Peripherals and Video Conferencing. The Peripherals segment provides various peripherals, including mice, trackballs, keyboards, interactive gaming controllers, multimedia speakers, headsets, webcams, and lapdesks for home and business personal computers; tablet accessories comprising keyboards, keyboard cases and covers, headsets, wireless speakers, and stands; and Internet communication products, such as Webcams, headsets, video communications services, and digital video security systems. It also offers digital music products consisting of speakers, earphones, custom in-ear monitors, and Squeezebox Wi-Fi music players; Harmony line of advanced remote controls for home entertainment systems; and gaming controllers and microphones, and other accessories for gaming consoles. This segment sells its products to a network of distributors, retailers, and original equipment manufacturers (OEMs). The Video Conferencing segment designs, manufactures, and markets LifeSize video conferencing products, infrastructure, and services for the enterprise, public sector, and other business markets. Its LifeSize video conferencing products comprise scalable high-definition (HD) video communication endpoints, HD video conferencing systems with integrated monitors, video bridges, and other infrastructure software and hardware to support large-scale video deployments, as well as services to support these products. This segment markets its products to distributors, value-added resellers, OEMs, and direct enterprise customers. The company was founded in 1981 and is based in Morges, Switzerland.
logitech international-reg (LOGN) Top Compensated Officers
logitech international-reg (LOGN) Key Developments
Logitech International announced that its board of directors has approved a dividend of CHF 0.21 per share, subject to shareholder approval at the company's AGM in September 2013.
Logitech introduced the Logitech(R) Wired Keyboard for iPad(R), the first iPad keyboard made specially for the classroom environment. Designed for hassle-free plug-and-play connectivity, the Logitech Wired Keyboard for iPad has an integrated Lightning Connector or 30-pin Connector -- depending on which model iPad use. Introducing the Logitech Wired Keyboard for iPad, the first iPad keyboard made specially for the classroom environment. Designed for hassle-free plug-and-play connectivity, the Logitech Wired Keyboard for iPad has an integrated Lightning Connector or 30-pin Connector. With its durable, spill-resistant design and a key lifespan of more than five million strokes, the Logitech Wired Keyboard for iPad brings Logitech's expertise and experience in keyboards to the classroom. Its low-profile, full-size keys provide the familiar fluid feedback you're used to when typing, while saving screen space to make reading and note taking easier. Familiar shortcut keys help one easily access iPad functions, such as copy and paste, Siri and App switching, and an integrated Home button ensures one can get back to the Home screen instantly and easily. The Logitech Wired Keyboard for iPad is planned to be on display at the 2013 International Society for Technology in Education conference in San Antonio, Texas from June 23-26 in Logitech's booth, number 5295. The Logitech Wired Keyboard for iPad with the Lightning Connector is expected to be available in the U.S. in August 2013, for a suggested retail price of $59.99. The Logitech Wired Keyboard for iPad with the 30-pin Connector is expected to be available in the U.S. in October 2013, for a suggested retail price of $59.99.
Logitech International SA (SWX:LOGN) is in talks with potential buyers for its unprofitable Harmony remote control and video security businesses, said, Bracken Darrell, Chief Executive Officer of Logitech on an earnings call on April 25, 2013. He added that Logitech expects to be out of those businesses by the end of the fiscal year that started April 1, 2013 without identifying potential buyers. The company is dropping its once-strong Harmony Remote product line and exiting several other nonstrategic product categories to narrow its focus on the PC and mobility sectors, Darrell said in Logitech's prior earnings call on January 25, 2013. Video security products, speaker docks for smartphones and tablets, streaming media systems and console gaming were the other categories it planned to drop, he added. "While Logitech is searching for a buyer, it will run the Harmony line in a business-as-usual fashion, introducing new products and fully supporting our customers," Logitech said in a written statement. But the two new remotes were already designed when it decided to drop the Harmony business, Darrell said on April 17, 2013. "We certainly aren't going to starve that business as we sell it," he said. The Harmony Ultimate is "already one of our top 20" selling products, he added.
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Industry Analysis
LOGN
Industry Average
| Valuation | LOGN | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.5x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.4x |
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