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Logitech International SA Message Board

  • swisslakes swisslakes Jul 20, 2013 7:16 PM Flag

    could Logitech reverse a bad 1st Qtr Apr-jun 2012 Qtr

    1st Qtr Apr-jun 2012 Qtr
    --------------------------------

    operating loss of $59 million (including restructuring charge of $31 million)
    Gross margin for the quarter was 30.8% "was negatively impacted by the combination of restructuring related costs, the acceleration of actions taken to
    streamline the product portfolio, a provision for a likely settlement of a patent dispute,
    and a weaker euro"
    ------------------------------------------------------------
    1st Qtr April-jun 2013
    Weakness:
    -Low Seasonable Qtr
    -Now New PC Speaker in last 6 months
    -No catalyst yet for PC sales (intel Haswell processors launched in june,, bay trail not yet also Windows 8.1)
    -No new Consumer web cam
    -Part of Europe is still in bad shape

    Strength :
    -Hope improved margin due to impact factors in last year same qtr is one time charge.
    -restructured charges were in last year (for Logitech and LifeSize)
    -Cutting cost for Logitech and LifeSize expected to be tangible this fiscal year as announced in CC by CEO

    -Wave of Logitech keyboard folios and cases
    -Logitech new G gaming range
    -New harmony remotes
    -UE Boom
    -Logitech for Business active in the UC accessories space

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    • Minimally, I expect LOGI to beat the current estimate and provide upbeat guidance for the remainder of the year. Expectations are so low right now, there is nothing they can say to take the shares much lower.

      I'm actually torn if I want to see the shares rebound sooner, or have the ability to buy more shares cheaper in the near term.

 
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