Underperform - Price 17.95 on Oct. 20
by Pacific Crest

We believe Logitech's pricing power and growth potential are impaired, which should drive a trailing P/E multiple that is at the low end of its historical range of 15 times to 25 times [for this holding company with subsidiaries that design, manufacture and market a broad range of computer-control devices, including mice, trackballs and touchpads]; 15 times our F2011 EPS estimate of 82 cents suggests an 18-month fair value of 12.30. Market cap: $3.3 billion.

From a recent Mad Money show:"No, no, no. It's too connected to personal computers. Sell, sell, sell that one."

From a recent Mad Money show:"No, no, no. It's too connected to personal computers. Sell, sell, sell that one."

From a recent Mad Money show:"No, no, no. It's too connected to personal computers. Sell, sell, sell that one."

Kogitech diNovo Edge Mac Edition keyboard

Honest

Swiss computer accessory company Logitech International SA said its board approved the repurchase of up to $250 million of its stock.

The buyback is subject to Swiss Takeover Board approval, the company said late Tuesday.

Logitech will start the new buyback when it completes its existing $250 million repurchase program. As of Sept. 5, the company had bought back about 3.9 million shares for $111 million under the current program.

The stock trades for 10x cash flow.

Seagate Expecting a Jolly Holiday: Debra Borchardt gets Seagate President Brian Dexheimer's take on solid-state drives and new consumer products.

Click here to watch the video.

After rising to 37 from 24 last year, Logitech International (ticker: LOGI) is back at 27. That might be a good entry point, given a 41% jump in the company's third-quarter profits on a 13% rise in sales. Of particular note, Asia-Pacific sales jumped 44%, while sales of Harmony remotes surged 72%.

Microsoft, Logitech Have a Connection Problem
With rumors circulating that Microsoft may potentially make a bid for Logitech, Michael Comeau thinks regulations will make the deal is unlikely.

Click here to watch the video.

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