IT 100 Special Report 2006 >

  THE INFOTECH 100 COMPANIES
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91

Logitech International

(SWX: LOGN)

Switzerland

As new electronic gadgets proliferate, so does the demand for peripheral devices -- computer mice, remote controls, Web cameras, headsets, microphones -- manufactured by Logitech, which celebrates its 25th anniversary this year. That includes tapping into innovations such as Bluetooth and wireless technology. The strongest performer for the Swiss-based company was its cordless desktop and mouse combo, selling more than 1.1 million in U.S. retail stores alone in the year ended November 31, 2005, and leading the category in major European markets, including France and Germany. The company opened a new factory in Suzhou, China, last year to meet the growing demand. The result of this growth has been a 21% boost in sales, to nearly $1.8 billion, and a respectable return on equity of 26.4%. A share-buyback program, the last one totaling $250 million, helped boost shares by 33% in the year ended May 31.

Company Info

2005 Rank

76

Sales*
($ Millions)

1,796.7

Sales Growth
(over prev. year)

21 %

Profits*
($ Millions)

181.1

Return on Equity

26.4 %

Total Return on Sales (12-mo.)

33.0

Share Price
As of 5/31/06

49.30

CURRENT
MARKET INFO

SWX: LOGN

No. of Employees

Industry Computers & Peripherals
COMPANY WEB SITE >
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat

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Company Snapshot

Logitech International engages in the design, manufacture, and marketing of personal interface products for PCs and other digital platforms. The company's products include Web cameras, mice, trackballs, and keyboards for the PC; interactive gaming controllers, multimedia speakers, headsets, and headphones for the PC and for gaming consoles; headsets for mobile phones; headsets, headphones, and speakers for mobile entertainment platforms; advanced remote controls; digital writing solutions; and 3D control devices. It sells its products to both original equipment manufacturers and to a network of retail distributors and resellers, principally in Europe, North America, and Asia Pacific. The company was co-founded by Daniel Borel in 1981 and is based in Apples, Switzerland.


Data provided by Capital IQ
 
Guerrino De Luca

Guerrino De Luca

President and Chief Executive Officer

Guerrino De Luca has been president and chief executive officer of Logitech International since February, 1998, and a member of the board since June, 1998. Prior to that time, De Luca served as executive vice-president of worldwide marketing for Apple Computer from February, 1997, to September, 1997, and as president of Claris, a personal computing software vendor, from February, 1995, to February, 1997. Prior to this, De Luca held various positions with Apple in the U.S. and Europe. De Luca holds a bachelor's degree in electronic engineering from the University of Rome, Italy.



Executive Data provided by Capital IQ