Logitech International S.A. F4Q08 (Qtr. End 03/31/08) Earnings Conference Call

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2008-04-22 13:25:22.0

Tags: Logitech International

Question-and-Answer Session

[Operator Instructions]. Your first question comes from the line of John Bright with Avondale Partners. Please go ahead with your question. He is unavailable for questions.

We will move to the next questioner and the next questioner is Simon Schafer with Goldman Sachs.

Simon Schafer - Goldman Sachs

Wanted to ask about the split in your retail sales between laptop versus desktops. Could you just remind us and maybe I didn't catch it, what was the percentage of your retail sales in fiscal '08 that was desktop versus laptop?

Mark J. Hawkins - Senior VP, Finance and Information Technology, and Chief Financial Officer

Hey, Simon, this is Mark. Let me try to give you some information. We don't actually split that typically in that manner. However, one thing I think you will find interesting is 42% growth in our notebook solutions for fiscal '08. So that will give you a sense of the growth in notebook solutions over the course of the fiscal year. Okay?

Simon Schafer - Goldman Sachs

Got it. Thanks Mark.

Mark J. Hawkins - Senior VP, Finance and Information Technology, and Chief Financial Officer

You're welcome.

Simon Schafer - Goldman Sachs

And just to clarify on webcams, I think you commented U.S. and Asia, you recovered your growth but EMEA is still a little bit weaker. Could you maybe just provide some more color as to what market share would be, how that progression is coming along, whether pricing has changed any meaningfully? Is that just a euro issue or is that going on elsewhere? Just some color there would be appreciated.

Gerald P. Quindlen - President and Chief Executive Officer

Sure, this is Jerry. So in the Americas, our share in Q4 was stable with Q3 and actually is at an all time high. So we are back to the pre-Microsoft entry level of share, so we are very, very strong there. In Europe, it's a little bit of a different situation. We have yet to recover the share that we lost following Microsoft's entry into the category. However, our share has been stable for several quarters in a row. So in general, the situation form a share standpoint is that we are stable in both the Americas and Europe. We've fully recovered in the U.S. not quite back to pre-Microsoft levels in EMEA.

Simon Schafer - Goldman Sachs

Great news. Just a very basic question, in your outlook statement for the 15% profit growth, what type of euro exchange rate would we have to assume as part of your guidance?

 

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