LOGITECH INTERNATIONAL SA - Shareholder.com

Table of Contents
Seasonality
Our retail product sales are seasonal. Sales are typically highest during the third fiscal quarter (October to December), due primarily to
the increased demand for our products during the year-end holiday buying season, and to a lesser extent in the fourth fiscal quarter (January to
March). Our sales in the first and second quarters can vary significantly as a result of new product introductions and other factors. Accordingly,
year-over-year comparisons are more indicative of variability in our results of operations than quarter-over-quarter comparisons.
Materials
We purchase some of our products and the key components used in our products from a limited number of sources. Refer to the
discussion in Item 3D Risk Factors – “We purchase key components and products from a limited number of sources, and our business and
operating results could be harmed if supply were delayed or constrained or if there were shortages of required components.”
C. Organizational Structure
The following lists the Company’s significant subsidiaries:
Name
D. Property, plant and equipment
Country of
Incorporation
Ownership
Interest
Logitech Inc. U.S. 100 %
Logitech Asia Pacific Limited Hong Kong 100 %
Logitech Technology (Suzhou) Co. Ltd. China 100 %
Logitech Europe S.A. Switzerland 100 %
Logitech’s Europe headquarters are in Romanel-sur-Morges, Switzerland, in a Company-owned facility comprising 33,300 square feet,
occupied by research and development, product marketing, technical support, administration and certain Logitech group activities including
finance. We lease two additional facilities of 8,700 and 8,400 square feet in Morges, Switzerland. These leases expire in June 2007 and July
2007. Sales and marketing, including sales management, are located in these facilities. We have signed a lease on a new facility in Morges,
comprising approximately 51,000 square feet, which we began occupying in April 2007. This facility is occupied by sales and marketing
management, technical support, administration and certain Logitech group activities, including finance, legal and human resources. The lease
began in January 2007 and will continue for 10 years, with the option for Logitech to terminate the lease after 5 years.
In North America, our headquarters in Fremont, California consist of four leased buildings comprising approximately 172,000 square
feet. These facilities are occupied by Logitech’s Americas headquarters, including research and development, product marketing, sales
management, technical support and administration. The Fremont lease expires in March 2013. The audio business unit is located in 36,000
square feet of leased office space in Vancouver, Washington. This lease expires in April 2009. We also lease approximately 18,000 square feet
in Mountain View, California, occupied by our streaming media group, on a lease which expires in May 2011. In addition, we sublease
approximately 20,000 square feet in Mississauga, Canada for our remote controls group, on a lease which expires in September 2009.
Our 3Dconnexion subsidiary has subleased a 5,500 square foot office in San Jose, California through December 2007. In Seefeld,
Germany, 3Dconnexion has leased 15,000 square feet through the year 2010 for its European headquarters, research and development, and
manufacturing.
Worldwide operations and engineering occupy a Logitech-owned 112,000 square foot facility in Hsinchu, Taiwan, which includes
mechanical engineering, new product launches, process engineering, commodities management, logistics, quality assurance, and
administration. Personnel in Hsinchu manage distribution of
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