Logitech (LOGI)

Logitech (LOGI)

Postby iam802 » Sat Nov 12, 2011 11:00 am

At least, the CEO is candid about the mistake the company made.

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Logitech CEO: Google TV 'cost us dearly,' no Revue replacement coming

http://www.theverge.com/2011/11/10/2553 ... ent-coming


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De Luca suggested that Google TV was far from ready at launch, going so far as to call it "beta" software on one presentation slide, and that the company made a massive misstep by believing that it would revolutionize television right out of the gate. In short, Logitech "executed a full scale launch with a beta product and it cost us dearly."

...

1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

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Re: Logitech (LOGI)

Postby iam802 » Thu Jan 26, 2012 12:34 pm

They need to start thinking how to their products can leverage on the growing tablet markets.

I believe most of their products (accessories for PC) do not transit well for the tablet market.

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Logitech Cuts Its Full-Year Forecasts

http://www.bloomberg.com/news/2012-01-2 ... casts.html

Logitech International SA (LOGN), the world’s biggest maker of computer mice, cut its forecasts for sales and operating income, citing the weaker euro and decreased demand for products such as web cameras and remote controls.

The company changed its sales forecast for the fiscal year ending March 31 to $2.3 billion, with operating income estimated at $60 million. Logitech, which also produces gaming devices, in September cut its forecast for full-year operating profit to about $90 million on sales of about $2.4 billion.

“The euro has weakened considerably during the last three months,” Chairman and interim Chief Executive Officer Guerrino De Luca said in the statement. “In addition, webcams and remotes continue to be impacted more than expected by product portfolio and market weakness.”

The revision, the third since July, came as Logitech reported profit for the quarter ended Dec. 31 that fell 15 percent to $55 million, missing analysts’ estimates. The Morges, Switzerland-based company is under pressure from the proliferation of tablet computers that aren’t controlled by mice, which is eroding its traditional desktop and notebook business.

Third-quarter sales fell 5 percent to $715 million, the company said today in a statement. Its profit and sales figures missed analyst estimates of $61.2 million and $749 million, respectively, based on the average of 10 and 13 estimates compiled by Bloomberg.

Profit Forecasts

Logitech cut profit forecasts for a second time in two months in September, putting pressure on De Luca to find a successor to replace Gerald Quindlen, who left in July. Logitech, which also produces home-entertainment control, gaming and wireless devices, also cut its forecast for operating profit in September to about $90 million for the year ending March 31, 2012, on sales of about $2.4 billion.

Revenue at LifeSize Communications Inc., the videoconferencing unit that Logitech bought in 2009, rose 6 percent in the period.

Logitech shares fell 1.8 percent to 7.45 francs in Zurich trading yesterday. The stock has fallen 59 percent in the past 12 months, compared with a 7.9 percent decline in the Swiss Market Index. (SMI)

Cash flow from operations in the third quarter was $153 million, and the company ended with $523 million in cash, De Luca said. The company can buy back as much as $177 million in shares, he said.

1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: Logitech (LOGI)

Postby winston » Thu Jul 02, 2020 8:24 pm

not vested

PROVIDING HARDWARE TO HELP FOLKS SOCIAL DISTANCE
Today's company is another winner in the midst of the global pandemic...

As folks continue with social distancing, they need to occupy themselves with activities, like playing video games. And many businesses' employees are working from home, pushing the demand for electronics. Today's company is getting a tailwind from both of these trends...

Logitech International (LOGI) is a $10 billion maker of electronics. It provides everything from mice and keyboards to webcams to headsets.

And as folks work from home or generally stay around the house, they have more need for Logitech's products. President and CEO Bracken Darrell commented in May, "Video conferencing, working remotely, creating and streaming content, and gaming are long-term secular trends driving our business. The pandemic hasn't changed these trends: it has accelerated them."

LOGI shares are up 60% over the past year, and more than 90% from their March lows... recently hitting a fresh all-time high. As the need for social distancing accelerates these long-term trends, that rally should continue...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Logitech (LOGI)

Postby winston » Wed Jan 06, 2021 8:47 pm

not vested

THE PERFECT STOCK FOR THE 'NEW NORMAL'

Today's company is set to thrive in a post-pandemic world...

We've been talking about the "stay at home" trend since COVID-19 shut down schools, shops, and offices around the world.

Companies that make video games and help folks communicate virtually have gotten a big boost in this strange new environment. And today's company should benefit even after the pandemic ends...

Logitech International (LOGI) sells home-office and gaming products like speakers, keyboards, headsets, and more. The pandemic has created a new environment where this company can thrive...

According to President and CEO Bracken Darrell, COVID-19 has created a "hybrid work culture" with employees working from multiple locations – a trend that's here to stay.

Logitech's sales hit $1.26 billion in the latest quarter, up an incredible 75% year over year. And the company raised guidance for fiscal year 2021.

LOGI shares are up more than 190% from their March lows, recently hitting a new all-time high. This stock has boomed during the pandemic. And even after the world goes back to "normal," it's still poised for growth...

source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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