Logitech 2001 Annual Report Download - page 5

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In March, we added an exciting and highly complementary new
business to our corporate family with the purchase of Labtec,
a leader in peripherals such as PC headsets and microphones,
speakers and personal audio products. Labtec, with approximately
$100 million in revenue during calendar 2000, provides both
commercial and strategic synergies for Logitech, supplementing
our portfolio of human interface devices with new ways to enrich
Internet-based personal communication.
In pursuit of our goal to expand into additional platforms and
environments, we announced our first product for the popular
PlayStation® 2, our GT Force steering wheel—the only force
feedback steering wheel currently available for this audience. At
the same time, we are actively exploring additional platforms and
technologies, especially in the area of personal wireless connectivity.
As we enter our 20th year, Logitech’s vision of providing a human-
centered gateway to the digital world is intact and more relevant
than ever. We have seen personal computing shift its focus from
“computing” to “personal”—from the CPU and its power to the
user and the quality of the experience.
Our prospects are exciting, but at the same time, we realize it is
only through careful management of resources, continual vigilance
and excellence in execution that we will continue to maintain our
favorable position in a highly desirable, highly competitive market
space. Ours is a work-in-progress, not a
fait accompli
.
It is our customers and industry partners, and especially our
employees who have made this a banner year for Logitech. We
thank each of them for their dedication and support.
GUERRINO DE LUCA
President and
Chief Executive Officer
DANIEL BOREL
Chairman of the Board