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FREMONT, Calif. — March 14, 2012 and MORGES, Switzerland, March 15, 2012 — Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced that Whirlpool EMEA leader Bracken P. Darrell will join Logitech as president, effective April 9, 2012. Reporting to Guerrino De Luca, Logitech chairman and chief executive officer, Mr. Darrell will assume responsibility for research and development, sales and marketing, manufacturing, supply chain, IT, human resources and legal functions. The company’s finance organization and LifeSize division will continue to report to Mr. De Luca until January 1, 2013, at which time Mr. Darrell will succeed Mr. De Luca as chief executive officer.
“Bracken Darrell and Logitech are an excellent match,” said Guerrino De Luca. “Bracken has a proven track record in highly successful global companies, with experience in operations, product innovation, marketing, service and brand management. He is a change agent, having driven innovation and transformation for iconic consumer brands. Bracken brings a passion for keeping the consumer at the heart of decisions as well as a fresh perspective on our business. The board of directors and I believe that Bracken is the right individual to drive our company to renewed profitable growth, and I am thrilled to work with him on his transition from president to CEO.”
Bracken Darrell, age 49, joins Logitech from Whirlpool Corporation, where he has been serving as executive vice president of Whirlpool Corporation and president of Whirlpool EMEA. Prior to joining Whirlpool in 2008, Mr. Darrell was with Procter & Gamble, most recently as president of Braun globally, based in Germany. In addition to serving in Procter & Gamble for twelve years, Mr. Darrell spent five years with General Electric Company, most recently as general manager of Consumer Home Service for GE Appliances. Mr. Darrell previously held positions with PepsiCo and Arthur Anderson. He received an M.B.A. degree from Harvard University in 1991 and a B.A. degree from Hendrix College in 1985.
“I’m very excited to take on this role,” said Bracken Darrell. “Logitech’s strong history of innovation, design, and leadership in this space makes it extremely compelling to me. I’ve been a fan of Logitech products for years, so I’m eager to join Guerrino in driving the company toward renewed growth and increased profitability.”
Teleconference and Webcast
Logitech’s chairman and chief executive officer, Guerrino De Luca, will hold a webcast to discuss Mr. Darrell’s appointment on March 15, 2012 at 10:30 a.m. Eastern Daylight Time and 15:30 Central European Time. A live webcast of the call will be available on the Logitech corporate website at http://ir.logitech.com.
About Logitech
Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
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Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s Web site at www.logitech.com. |
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Read More | Posted: March 14, 2012 | By: Wissen Schwamm
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FREMONT, Calif. — March 14, 2012 and MORGES, Switzerland, March 15, 2012 — In accordance with NASDAQ Stock Market rules regarding equity inducement awards, Logitech International (SIX: LOGN) (Nasdaq: LOGI) announced that it plans to grant, in the middle of April 2012, equity inducement awards totaling 500,000 stock options, 100,000 restricted stock units (RSUs) and 1,200,000 premium-priced stock options to Bracken P. Darrell, the company’s new president, in connection with the commencement of his employment on April 9, 2012.
Mr. Darrell’s grant of 500,000 stock options will have an exercise price per share equal to the fair market value of Logitech’s shares on the grant date, and vests over four years, with 25% of the options vesting on each annual anniversary of the grant date. Each stock option has a ten-year term. Mr. Darrell’s grant of 100,000 RSUs vests over four years, with 25% of the RSUs vesting on each annual anniversary of the grant date.
Mr. Darrell’s grant of 1,200,000 premium priced stock options will have exercise prices as follows: 400,000 stock options will have an exercise price per share of 1.75 times the fair market value of Logitech shares on the grant date, 400,000 stock options will have an exercise price per share of 2 times the fair market value of Logitech shares on the grant date, and 400,000 stock options will have an exercise price per share of 2.5 times the fair market value of Logitech’s shares on the grant date. These stock options will vest in full if and only when Logitech’s average closing share price, over a consecutive ninety-day trading period, meets or exceeds the respective exercise price of the options. Each stock option has a ten-year term.
If Mr. Darrell’s employment is terminated other than for cause within one year after his employment start date, 25% of Mr. Darrell’s grant of 500,000 options, and 25% of his 100,000 RSUs, will vest. All Mr. Darrell’s inducement awards will fully vest if his employment terminates within one year following a change of control of the company.
About Logitech
Logitech is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, Logitech’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI).
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Logitech, the Logitech logo, and other Logitech marks are registered in Switzerland and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s Web site at www.logitech.com. |
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Read More | Posted: March 14, 2012 | By: Wissen Schwamm
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Severity Rating: Important
Revision Note: V1.1 (March 14, 2012): Removed erroneous installation switch option descriptions from the Security Update Deployment tables for all supported releases. This is an informational change only. There were no changes to the detection logic or the update files.
Summary: This security update resolves one privately reported vulnerability in Microsoft Expression Design. The vulnerability could allow remote code execution if a user opens a legitimate file (such as an .xpr or .DESIGN file) that is located in the same network directory as a specially crafted dynamic link library (DLL) file. Then, while opening the legitimate file, Microsoft Expression Design could attempt to load the DLL file and execute any code it contained. For an attack to be successful, a user must visit an untrusted remote file system location or WebDAV share and open a legitimate file (such as an .xpr or .DESIGN file) from this location that is then loaded by a vulnerable application. |
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Read More | Posted: March 14, 2012 | By: Wissen Schwamm
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Spybot - Search & Destroy detects and removes spyware, a relatively new kind of threat not yet covered by common anti-virus applications. Spyware silently tracks your surfing behaviour to create a marketing profile for you that is transmitted without your knowledge to the compilers and sold to advertising companies. If you see new toolbars in your Internet Explorer that you have not intentionally installed, if your browser crashes inexplicably, or if your home page has been "hijacked" (or changed without your knowledge), your computer is most probably infected with spyware. Even if you do not see the symptoms, your computer may be infected, because more and more spyware is emerging. Spybot-S&D is free, so there is no harm giving it a try to see if something has invaded your computer. |
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Read More | Posted: March 14, 2012 | By: Wissen Schwamm
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Read More | Posted: March 14, 2012 | By: Wissen Schwamm
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Pidgin is a chat program which lets you log in to accounts on multiple chat networks simultaneously. This means that you can be chatting with friends on MSN, talking to a friend on Google Talk, and sitting in a Yahoo chat room all at the same time. |
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Read More | Posted: March 14, 2012 | By: Wissen Schwamm
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Next-generation physical security visualization software supports faster and more informed decision-making than the previous generation. |
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Read More | Posted: March 14, 2012 | By: Wissen Schwamm
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Web hosting and domain name company Easyspace gets UK business mobile for less than the cost of a cup of coffeeLeading web hosting and domain name company Easyspace has been chosen as the UK distribution partner for the goMobi website builder, a confirmed vendor on Google's GetMo initiative. The GetMo initiative was launched today (March 14) by Google to promote to UK businesses the benefits of building mobile specific websites. Easyspace is providing the fulfilment...
Source: RealWire |
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Read More | Posted: March 14, 2012 | By: Wissen Schwamm
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Actual Window Manager is an innovative desktop organization application which introduces unconventional window controls and also automatic general window operations making your work more productive, convenient and enjoyable. It has more than 50 handy tools to help you in daily routine window manipulations. |
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Read More | Posted: March 13, 2012 | By: Wissen Schwamm
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Mozilla Firefox is a fast, full-featured browser for Windows that makes browsing more efficient than ever before. Firefox includes popup blocking; a tab-browsing mode that lets you open several pages in a single window; integrated Google searching; simplified privacy controls that let you cover your tracks more effectively; a streamlined browser window that shows you more of the page than any other browser; and a number of additional features that work with you to help you get the most out of your time online. |
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Read More | Posted: March 13, 2012 | By: Wissen Schwamm
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This important release introduces support for MacOSX using RAD Studio XE2, greatly improves FireMonkey support, and fixes nasty bug with rare TPSQLMonitor freezing.
Full changelog:
- [!] FireMonkey and cross platform support improved a lot
- [!] Support for custom connection parameters added to TPSQLDatabase.Params
- [+] EPGLibraryNotFoundException class introduced
- [+] TPSQLDatabase.OnException event added
- [+] TPSQLDatabase.Ping method added
- [+] TPSQLDatabase.UseSingleLineConnInfo property added
- [+] TPSQLNotify polling loop rewritten using threads
- [*] Handling of "libpq library not found" exception improved
- [*] Nag trial screen removed
- [*] OS GUI dependencies eliminated. Console application creating improved a lot
- [-] "XE and higner applications hang on close if TPSQLMonitor used" bug fixed
Download
You're welcome to download the PostgresDAC v2.8.0 right now at:
http://microolap.com/products/connectivity/postgresdac/download/
or login to your private area on our site at http://microolap.com/my/downloads/
Feedback
Please don't hesitate to ask any questions or report bugs with our Support Ticketing system. |
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Read More | Posted: March 13, 2012 | By: Wissen Schwamm
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