Logitech 2003 Annual Report Download - page 108
Download and view the complete annual report
Please find page 108 of the 2003 Logitech annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
 |
 |
3
FORWARD-LOOKING INFORMATION
This Annual Report on Form 20-F contains forward-looking statements based on beliefs of our management as of
the filing date of this Form 20-F. These forward-looking statements include statements related to:
• the business strategy for new areas of growth;
• our belief that we are positioned to take full advantage of opportunities in the market for personal
interface products;
• our belief that our console gaming products will attract a larger number of gamers;
• the sufficiency of our cash and cash equivalents, cash from operations, and available borrowings under
the bank lines of credit to fund capital expenditures and working capital needs for the foreseeable future;
and
• the adequacy of our leased and owned facilities to meet our needs in the foreseeable future.
Factors that might affect these forward-looking statements include, among other things:
• general economic and business conditions;
• our ability to compete effectively in the computer peripheral industry;
• our ability to implement our business strategy;
• our ability to timely develop and introduce successful new products; and
• the risk that our products do not meet market acceptance.
The words "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict,"
"should" and "will" and similar expressions are intended to identify such forward-looking statements. These
statements reflect our views and assumptions. All forward-looking statements are subject to various risks and
uncertainties that could cause our actual results to differ materially from expectations. The factors that could affect
our future financial results are discussed more fully under "Item 3. Key Information -- Risk Factors," as well as
elsewhere in this Annual Report on Form 20-F and in our other filings with the U.S. Securities and Exchange
Commission ("SEC"). Readers are cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date of this filing. We undertake no obligation to publicly update or revise any forward-looking
statements.