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The Company's retail business grew by 45 percent year over year and accounted for 87 percent of third quarter revenue, continuing to thrive, with new offerings entering the market in each major product category. Of special note is the ongoing success of Logitech's cordless products, especially cordless keyboards and cordless optical mice, as well as strong sales of Internet video cameras.

    Highlights of the third quarter included:

    -- Over one million cordless desktops (cordless mouse + keyboard
       combination) sold.
    -- Over one million Internet video cameras sold.
    -- Launch of new "dualcam" video cameras, the ClickSmart(TM) family, which
       combine digital camera mobility with Internet video communications.
    -- Introduction of the MouseMan(R) Traveler(TM), a compact optical mouse
       designed for the burgeoning "mobile" environment.
    -- Positive initial response to the new high-end Momo(R) Force
       designer-style steering wheel since its introduction in early
       September. Strong overall sales of steering wheels for the
       PlayStation(R) 2 platform.
    -- Successful launch of Z-series speakers in the U.S. market. These
       initial Logitech-branded high-end audio products underscore the
       opportunity afforded by the acquisition of Labtec.

``We are extremely pleased with our third-quarter performance,'' commented Guerrino De Luca, president and chief executive officer. ``Our business, driven by compelling, innovative products at affordable price points, coupled with a largely untapped installed base, expanding usage of the PC, and our increasing presence on additional platforms, has further proven its ability to generate growth and to deliver powerful earnings leverage.

``In the midst of an extremely challenging market and economy, we have delivered our best quarter yet, and we remain confident in our ability to grow across a broad spectrum of platforms and products.''

The Company updated its guidance for the full Fiscal Year 2002, ending March 31, 2002, indicating that it now expects revenue growth for the full year to slightly exceed its original target of 25 percent, and operating income to significantly surpass previous guidance and reach the $90 million to $92 million range, a 65 percent increase over the past fiscal year.

The Company also gave the first indications of its expectations for Fiscal 2003, ending March 31, 2003. Revenues should grow approximately 15 percent, with operating income expected in the $110 million to $120 million range, a growth of 25 to 30 percent over Fiscal 2002.

There will be an earnings teleconference at 9:00 a.m. Pacific Standard Time/12:00 p.m. Eastern Standard Time/18:00 Central European Time on January 22, 2002, to discuss these results. A live webcast of the teleconference will be accessible at www.logitech.com. In addition, a replay of the teleconference will be made available through February 5, 2002, on the Logitech web site.

About Logitech: Founded in 1981, Logitech designs, manufactures and markets innovative peripherals that provide people with easy access to the digital world. The Company's product family includes Internet video cameras, mice and trackballs, keyboards, audio and telephony products, interactive gaming devices and 3D controllers.

In March 2001, Logitech completed the purchase of Labtec Inc., a Vancouver, Washington-based provider of high-technology and other peripherals and accessories for computing, communication and entertainment. The Labtec brand, which includes a variety of PC audio and other peripherals designed to offer affordable quality, is now marketed by Logitech.

With operational headquarters through its U.S. subsidiary in Fremont, California, and regional headquarters through local subsidiaries in Switzerland, Taiwan and Hong Kong, Logitech International is a Swiss public company traded in Switzerland on the Swiss Stock Exchange (LOGN and LOGZ) and in the U.S. on the Nasdaq National Market System (LOGI). The Company has manufacturing facilities in Asia and offices in major cities in North America, Europe and Asia Pacific.

This press release contains forward-looking statements, including the statements regarding expected revenue and operating income for the full year of Fiscal 2002, and revenue, operating income, and operating income growth for Fiscal 2003, and the ability to grow across platforms and products. These forward-looking statements involve risks and uncertainties. The Company's actual performance could differ materially from that anticipated in these forward-looking statements as a result of certain factors, including general economic and political conditions, the timing of new product introductions by the Company and its competitors and their acceptance by the market, timely availability and pricing of products and components, price protection charges and product returns from customers, the impact of competition on the Company's average selling prices and operating expenses, inventory management and exposures, the outcome of ongoing intellectual property disputes, technological changes and their acceptance by the market, fluctuations in exchange rates, as well as generally those additional factors set forth in the Company's Annual Report on Form 20-F dated May 31, 2001, and subsequent filings, available from the SEC's Edgar database at www.sec.gov and upon request from Logitech by calling 510-713-4220. Logitech does not undertake to update any forward-looking statements.

NOTE: All 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.

CONTACT: Erik Knettel of Thomson Financial/Carson -- USA, +1-212-701-1963, for Logitech International; or Kristen Onken, Sr. Vice President & Chief Financial Officer -- USA, +1-510-713-4430, or Garreth Hayes, Public Relations Manager -- Europe +41-0-21-863-5111, or Betty Skov, Director, Corporate Public Relations -- USA, +1-510-713-4463, all of Logitech International

    LOGITECH INTERNATIONAL S.A.

    (In thousands of U.S. dollars, except share and per share / ADS) -
     Unaudited

                                                Quarter Ending     December 31
    CONSOLIDATED STATEMENTS OF INCOME                2001              2000

    Net sales                                     $314,174           $231,982
    Cost of goods sold                             195,237            151,673
    Gross profit                                   118,937             80,309
        % of net sales                               37.9%              34.6%

    Operating expenses:
        Marketing and selling                       54,294             36,907
        Research and development                    12,353              9,456
        General and administration                  10,036              8,412
    Total operating expenses                        76,683             54,775

    Operating income                                42,254             25,534

    Interest expense, net                             (553)              (396)
    Other expense, net                                (236)              (263)

    Income before income taxes                      41,465             24,875
    Provision for income taxes                       8,292              4,975

    Net income                                     $33,173            $19,900

    Shares used to compute net income
     per share and ADS:
           Basic                                44,782,059         42,425,440
           Diluted                              51,291,165         46,984,030
    Net income per share and ADS:
           Basic                                     $0.74              $0.47
           Diluted                                   $0.66              $0.42


    LOGITECH INTERNATIONAL S.A.

    (In thousands of U.S. dollars, except share and per share / ADS) -
     Unaudited

                                                Nine Months Ending December 31
    CONSOLIDATED STATEMENTS OF INCOME               2001               2000

    Net sales                                     $719,870           $563,963
    Cost of goods sold                             459,523            372,183
    Gross profit                                   260,347            191,780
        % of net sales                               36.2%              34.0%

    Operating expenses:
        Marketing and selling                      130,190             98,172
        Research and development                    33,899             26,760
        General and administration                  27,127             25,274
    Total operating expenses                       191,216            150,206

    Operating income                                69,131             41,574

    Interest expense, net                           (1,790)              (359)
    Other income (expense), net                       (549)             1,602

    Income before income taxes                      66,792             42,817
    Provision for income taxes                      13,359              8,563

    Net income                                     $53,433            $34,254

    Shares used to compute net income
     per share and ADS:
           Basic                                44,558,937         42,016,030
           Diluted                              50,358,990         46,973,400
    Net income per share and ADS:
           Basic                                     $1.20              $0.82
           Diluted                                   $1.09              $0.73


    LOGITECH INTERNATIONAL S.A.

    (In thousands of U.S. dollars) - Unaudited

                                             Dec. 31,    March 31,   Dec. 31,
    CONSOLIDATED BALANCE SHEETS                2001        2001        2000

    Current assets
         Cash and cash equivalents            $85,389     $44,142     $15,266
         Accounts receivable                  205,913     144,781     179,129
         Inventories                          109,244     111,612     121,256
         Other current assets                  40,563      29,558      28,707
         Total current assets                 441,109     330,093     344,358
    Investments                                11,013      16,649      19,661
    Property, plant and equipment              33,451      38,160      39,453
    Intangible assets
         Goodwill                              95,197      95,197       3,311
         Other intangible assets               16,199      18,726       8,282
    Other assets                               17,682       6,291         990
    Total assets                             $614,651    $505,116    $416,055

    Current liabilities
         Short-term debt                       $5,850     $62,986      $6,707
         Accounts payable                     126,477      91,267     117,944
         Accrued liabilities                   75,434      59,054      67,224
         Total current liabilities            207,761     213,307     191,875
    Long term debt                            104,518      26,908       3,068
    Other liabilities                           6,288       8,847         524
    Total liabilities                         318,567     249,062     195,467

    Shareholders' equity                      296,084     256,054     220,588

    Total liabilities and shareholders'
     equity                                  $614,651    $505,116    $416,055


    LOGITECH INTERNATIONAL S.A.

    (In thousands of U.S. dollars) - Unaudited

        SUPPLEMENTAL FINANCIAL AND OTHER INFORMATION

                                           Quarter Ending   Nine months Ending
                                              December 31      December 31
    Income statement-related                 2001     2000    2001     2000

    Depreciation                            $7,594   $6,442  $21,417  $14,630
    Amortization of goodwill                    --      107       --      597
    Amortization of other acquisition-
     related intangibles                       906      427    2,761    1,817
    Operating income                        42,254   25,534   69,131   41,574
    Operating income before depreciation
     and amortization                       50,754   32,510   93,309   58,618

SOURCE: Logitech International