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Home > Company Index > Computer Hardware > Computer Peripherals > Labtec Inc.

Labtec Inc.
OTC: LABT
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 PROFILE
Labtec hears when PCs go bump in the night. The company, formed when privately held Labtec Corporation bought Spacetec IMC in 1999, develops and sells multimedia speakers (more than 40% of sales), PC voice access products, and 3-D motion control devices. Its most high-profile device has been the Spaceball 3-D motion controller used by NASA to pilot the Sojourner robot. Labtec also offers data storage products, including removable and external drive enclosures. Other products include surround-sound satellite speakers, telephone headsets, and voice recognition microphones. Co-chairmen Rodger Krouse and Marc Leder, through Sun Multimedia Partners, together own 48% of Labtec, which is being bought by rival Logitech.

 DEALS
Deal: Logitech Acquires Labtec
Date Announced: 02.07.01
Value of transaction (US $Mil): 125
Description: Computer peripherals maker buys Vancouver, Wash.-based peer for $125 million in cash-and-stock transaction.

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 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 90.50
1-Yr. Sales Growth: 40.8%
Employees: 140
Revenue per employee: $646,428.57

 KEY PEOPLE
• Robert Wick
    CEO
• Marc J. Leder
    CFO

 CONTACT INFO
1499 SE Tech Center Place, Ste. 350
Vancouver, WA 98683
US
Phone: 360-896-2000
Fax: 360-896-2020
Online: Web Site

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