INTERVIEW: Logitech May Up FY11 Target After Google TV Launch

Date : 07/29/2010 @ 11:17AM
Source : Dow Jones News
Stock : Logitech International S.A. - Registered Shares (MM) (LOGI)
Quote : 32.94  1.15 (3.62%) @ 11:21AM

INTERVIEW: Logitech May Up FY11 Target After Google TV Launch

Logitech International S.A. - Registered Shares (MM) (NASDAQ:LOGI)
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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

 
 



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