UPDATE 1-Logitech shares up as outlook raised on Google TV

* Logitech posts Q2 profit of $41 mln

* Poll average was for net income for $36.5 mln

* Google TV products boost outlook

* Sees increased sales, opertaing income for full year

* Shares up 2.4 pct

By Catherine Bosley

ZURICH, Oct 28 (BestGrowthStock) – Shares in Logitech International
(LOGN.VX: ), the world’s largest computer mouse maker, rose on
Thursday after second-quarter profit (Read more your timing to make a profit.) beat forecasts and it
raised its outlook on its hopes for Google TV (GOOG.O: ).

The group which also makers speakers, webcams and keyboards
raised its outlook for the fiscal year ending on March 31, 2011
to $2.35 billion-$2.4 billion from $2.3 billion-$2.35 billion
previously.

“We have raised our sales outlook for the full fiscal year
to include our initial estimate of sales for our line of
products for Google TV,” Chief Executive Gerald Quindlen said in
a statement.

“We’re very encouraged … by early indicators of
enthusiasm,” he said, adding he saw Google TV as “another
long-term growth driver for our business”.

Logitech launched its $300 set-top box for Google’s new Web
TV service this month along with other peripheral products like
a keyboard controller and a video calling device.

Google TV, which became available this month in the United
States, lets consumers access Web content on their television
screens. [ID:nN21112969]

Shares in Logitech were up 2.4 percent at 19.24 Swiss francs
at 0921 GMT, outperforming a 1.2 percent firmer tech index
(.SX8P: ).

“The Google TV products could show a certain potential. At
least here, more investor enthusiasm is possible,” Wegelin
analyst Martin Koch wrote in a note.

“The share is still an interesting addition in the tech
field and crossing the 20 franc mark is just a question of
time.”

Logitech second-quarter net income of $41 million, or 23
cents per share, beat analyst forecasts and was up 95 percent
from $21 million, or 11 cents per share, a year ago.
[ID:nLDE66Q1SN]

“As in past quarters, the strong result and the raised
outlook from the business model show that the ambitious
long-term goals seem increasingly achievable,” wrote analysts at
broker ZKB in a note.

Logitech also raised its operating income outlook to $170
million to $180 million from $160 million to $170 million
previously. Sales were $582 million for the second quarter, up
17 percent from $498 million a year ago.

Logitech has said it expects tablet computers, such as Apple
Inc’s (AAPL.O: ) iPad and Samsung Electronics’ (005930.KS: ) Galaxy
Tab, will provide an additional avenue for sales.

(Additional reporting by Emma Thomasson in Zurich and Helen
Kearney in New York; Editing by Michael Shields)

UPDATE 1-Logitech shares up as outlook raised on Google TV