Logitech International announced that it expects to generate operating income of U.S. $7 million to $8 million for its first fiscal quarter, which ended June 30, 2003. The company had previously indicated an operating income goal of approximately $14 million for the first quarter. The company expects to report a gross margin of between 27 percent and 28 percent. Estimated revenues are $218 million, in line with stated targets, said Logitech. The company plans to release its final quarterly financial results for the period ended June 30, 2003 on Tuesday, July 22, 2003.
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