Logitech 2010 Annual Report Download - page 152

140
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.
Our Life Size division maintains a separate marketing and sales organization that sells LifeSize products
and services to distributors, value-added resellers, OEMs and direct enterprise customers. The large majority of
LifeSize revenues are derived from sales of products for use by large enterprises, small-to-medium businesses and
public healthcare, education and government organizations.
Through our operating subsidiaries, we maintain sales offices or sales representatives in 38 countries.
MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
Logitech’s shares are listed and traded on both the SIX 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
SIX Swiss Exchange.
The trading symbol for Logitech shares is LOGI on Nasdaq and LOGN on the SIX Swiss Exchange. As of
May 3, 2010, there were 191,606,620 shares issued (including 16,148,138 shares held as treasury stock) held by
20,527 holders of record, and the closing price of our shares was CHF 17.83 ($16.45 based on exchange rates on such
date) per share on the SIX Swiss Exchange and $16.44 per share as reported by the Nasdaq Stock Market.
SIX Swiss Exchange
The following table sets forth certain historical share price information for the Company’s shares traded on
the SIX Swiss Exchange, as reported by the SIX 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.
Price per share on the
SIX Swiss Exchange
High Low High Low
CHF CHF $ $
Quarterly Highs and Lows:
Fiscal year 2009:
First quarter............................................ 34.22 24.18 32.65 24.13
Second quarter ......................................... 30.46 24.56 27.92 22.35
Third quarter........................................... 25.14 14.29 22.43 11.68
Fourth quarter .......................................... 18.01 9.00 16.26 7.74
Fiscal year 2010:
First quarter............................................ 16.80 11.94 14.85 10.41
Second quarter ......................................... 20.10 14.30 19.21 13.17
Third quarter........................................... 19.21 16.44 18.95 15.87
Fourth quarter .......................................... 19.23 16.40 18.40 15.10