Logitech 2010 Annual Report Download - page 163

ANNUAl REPORT
151
Logitech operates in two industry segments, personal peripherals and video conferencing. Our personal
peripherals segment encompasses the design, manufacturing and marketing of personal peripherals for personal
computers and other digital platforms. Our research and product management teams are organized along product
lines, and are responsible for product strategy, industrial design and development, and technological innovation.
Our global marketing and sales organization helps define product opportunities and bring our products to market,
and is responsible for building the Logitech brand and consumer awareness of our products. This organization is
comprised of retail and OEM sales and marketing groups. Our retail sales and marketing activities are organized into
three geographic regions: Americas (including North and South America), Europe-Middle East-Africa (“EMEA”),
and Asia Pacific. Our OEM sales team is a worldwide organization with representatives in each of our three regions.
Our OEM customers include the majority of the world’s largest PC manufacturers. Our video conferencing segment
encompasses the design, manufacturing and marketing of LifeSize video conferencing products and services for
the enterprise and small-to-medium business markets. The LifeSize segment maintains a separate marketing and
sales organization. The LifeSize product development and product management organizations are separate, but
coordinated with our personal peripherals business, particularly our webcam and video communications groups.
Based on financial measurements for the fiscal year ended March 31, 2010, the LifeSize operating segment does
not meet the quantitative threshold for separate disclosure of financial information required by generally accepted
accounting principles in the United States.
Since 1994, we have had our own manufacturing operations in Suzhou, China, which currently handle
approximately half of our total production of peripheral products. We outsource the remaining production to contract
manufacturers and original design manufacturers located in Asia. Both our in-house and outsourced manufacturing
is managed by our worldwide operations group. The worldwide operations group also supports the business units
and marketing and sales organizations through management of distribution centers and of the product supply chain,
and the provision of technical support, customer relations and other services. Our LifeSize video communications
products are manufactured in Malaysia under contract with a third-party manufacturer.
Logitech International S.A. directly or indirectly owns 100% of all the companies in the Logitech group,
through which it carries on its business and operations. Principal operating subsidiaries include: Logitech Inc.,
Logitech Europe S.A., Logitech (Intrigue) Inc. and Logitech Technology (Suzhou) Co., Ltd. For a list of Logitech
subsidiaries, refer to the table on page 162. None of Logitech International S.A.’s subsidiaries have securities listed
on a stock exchange as of March 31, 2010.
1.2 Significant Shareholders
Greater than 3% Shareholders as of March 31, 2010
The table below sets out, to the knowledge of the Company, beneficial owners holding more than 3% of the
voting rights of the Company as of March 31, 2010. The number of voting rights of the Company as of March 31,
2010 is equal to the number of shares issued, 191,606,620 shares.
Information on the share ownership of the Company by directors, executive officers and greater than 5%
shareholders as of June 30, 2010, based on the number of the Company’s shares outstanding (which is equal to
the shares issued less the shares held in the Company’s treasury) is set out in the Company’s Invitation and Proxy
Statement for the 2010 Annual General Meeting, available at http://ir.logitech.com, under the heading “Security
Ownership of Certain Beneficial Owners and Management as of June 30, 2010”.
Name Number of Shares % of Voting Rights(2) Relevant Date
Daniel Borel(1) ........................... 11,203,158 5.8% March 31, 2010
Logitech International S.A. . . . . . . . . . . . . . . . . 16,435,528 8.6% March 31, 2010
FMR LLC(3) ............................. 10,568,978 5.5% December 31, 2009
Thornburg Investment Management(4) ........ 11,922,284 6.2% April 25, 2008