Logitech 2008 Annual Report Download - page 46

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24
Logitech’s products can be found in major retail chains, where they typically have access to significant
shelf space. These chains in the U.S. include Best Buy, Circuit City, Office Depot, Staples, Target and Wal-
Mart, and in Europe include MediaMarkt/Saturn, Carrefour, KESA Group, FNAC, Dixons Stores Group
PLC and most key national consumer electronics chains. Logitech products can also be found at the top
online e-tailers, which include Amazon.com, Buy.com, CDW, Insight, and others.
Logitech’s OEM products are sold to large OEM customers through a direct sales force, and we
support smaller OEM customers through distributors. We count the majority of the world’s largest PC
manufacturers among our customers.
Through our operating subsidiaries, we maintain sales offices or sales representatives in 37
countries.
MARKET FOR LOGITECH’S SHARES, RELATED SHAREHOLDER MATTERS, AND SHARE
REPURCHASES
Logitech’s shares are listed on both the SWX Swiss Exchange, where the share price is denominated
in Swiss francs, and on the Nasdaq Global Select Market, where the share price is denominated in U.S.
dollars. Prior to October 2006, Logitech’s American Depositary Shares (“ADSs”) traded on the Nasdaq
Global Select Market, with each ADS representing one registered share. In October 2006, we exchanged
Logitech shares for our ADSs on a one-for-one basis, so that the same Logitech shares trade on the Nasdaq
Global Select Market as on the SWX Swiss Exchange.
The trading symbol for Logitech shares is LOGI on Nasdaq and LOGN on the SWX. As of June 30
2008, there were 191,606,620 shares issued (including 12,919,314 shares held as treasury stock) held by
14,438 holders of record, and the closing price of our shares was CHF 27.50 per share on the SWX Swiss
Exchange and $26.80 per share as reported by the Nasdaq Stock Market.
SWX Swiss Exchange
The following table sets forth certain historical share price information for the Company’s shares traded
on the SWX Swiss Exchange. The U.S. dollar equivalent is based on the noon buying rate on the trading day
of the month in which the high or low closing sales price occurred. The noon buying rate is the rate in New
York City for cable transfers in selected currencies as certified for customs purposes by the Federal Reserve
Bank of New York. Share prices have been adjusted to reflect a two-for-one share split in July 2006.
Price per Registered Share on the SWX Swiss Exchange
HighLowHighLow
CHF CHF $ $
Quarterly Highs and Lows:
Fiscal 2007:
First quarter ................... 27.10 22.50 21.25 18.67
Second quarter ................. 27.75 21.15 22.29 16.88
Third quarter .................. 36.85 26.30 30.83 21.12
Fourth quarter.................. 37.50 30.55 30.04 25.17
Fiscal 2008:
First quarter ................... 34.95 31.20 28.81 25.43
Second quarter ................. 34.66 30.65 29.69 25.45
Third quarter .................. 41.52 34.16 36.82 28.93
Fourth quarter.................. 40.50 23.44 36.38 23.77