Plantronics 2007 Annual Report Download - page 6

2 P l a n t r o n i c s
On August 18, 2005, Plantronics acquired 100% of the outstanding shares of Altec Lansing Technologies,
Inc. (“Altec Lansing”), a market leader in docking and PC audio systems. The acquisition of Altec
Lansing enabled us to combine our expertise in voice communication with Altec Lansing’s expertise in
music entertainment to meet the full audio needs of the consumer in their personal and professional lives.
Altec Lansing, which is now a division of Plantronics, designs and manufactures digital PC audio systems
for personal computers (“PCs”) and docking audio devices in all price ranges that complement the style
and electronics of the most advanced PCs, TVs, iPods, docking audio devices, smartphones, and
entertainment centers.
Our business is organized into two reportable segments: the Audio Communications Group (“ACG”)
and the Audio Entertainment Group (“AEG”).
• AUDIO COMMUNICATIONS GROUP: Our ACG segment is our core business and is
engaged in the design, manufacture, marketing and sales of headsets for business and consumer
applications, and other specialty products. We make headsets for use in office and contact
centers, with mobile and cordless phones, and with computers and gaming consoles. Plantronics
headsets are communications tools, providing freedom to use your hands while staying
“connected,” freedom to move around, and freedom from using keyboards. We apply a variety
of technologies to develop high quality products to meet the needs of our customers, whether
it be for communications or personal entertainment. Plantronics headsets are widely used with
cell phones, in contact centers, in the office, in the home, for computer applications such as
Voice over Internet Protocol (“VoIP”), for gaming, and other specialty applications. Products
developed and managed by ACG are included in this segment and may be sold under any of our
family of brands.
• AUDIO ENTERTAINMENT GROUP: Our AEG segment is engaged in the design,
manufacture, sales and marketing of audio solutions and related technologies. We offer computer
and digital audio systems, digital radio frequency audio systems, and docking audio products
as well as headphones and microphones for personal digital media. Major product categories
include Docking Audio, formerly referred to as Portable and PC Audio, formerly referred to
as Powered. Products developed and managed by AEG are included in this segment. Such
products are generally sold under the Altec Lansing brand and/or the inMotion sub-brand.
We provide access free of charge through a link on our website, to the following filings as soon as
reasonably practicable after they are electronically filed with or furnished to the Securities and Exchange
Commission: our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q , Current Reports on
Form 8-K and all amendments to those reports filed or furnished pursuant to Section13(a) or 15(d) of the
Securities Exchange Act of 1934.
Our principal executive offices are located at 345 Encinal Street, Santa Cruz, CA, 95060. Our telephone
number is [phone]. Our internet address is www.plantronics.com. Our Investor Relations website
is also accessible through www.plantronics.com.
BUSINESS SEGMENTS AND MARKET INFORMATION
In fiscal 2007, our ACG segment accounted for $676.5 million of our net revenues, and our AEG segment
accounted for $123.6 million of our net revenues. Further information on our segments, as required by
Statement of Financial Accounting Standards No. 131 (Disclosures about Segments of an Enterprise and
Related Information) and Item 101(b) of Regulation S-K, can be found in the Consolidated Financial
Statements and related notes herein.
The following are discussions of the industry background, the key markets and product offerings for both
our ACG and AEG segments.