8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):  July 24, 2007

Plantronics, Inc.

(Exact name of Registrant as Specified in its Charter)

Delaware	1-12696	77-0207692
(State or Other Jurisdiction of Incorporation)	(Commission file number)	(I.R.S. Employer Identification Number)

345 Encinal Street

Santa Cruz, California 95060

(Address of Principal Executive Offices including Zip Code)

(831) 426-5858

(Registrant's Telephone Number, Including Area Code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

SECTION 2 – Financial Information

Item 2.02 Results of Operations and Financial Condition

On July 24, 2007 Plantronics, Inc., a Delaware corporation (“the Company”)  issued a press release reporting its results of operations and financial condition for the first quarter of fiscal year 2008 which ended June 30, 2007, a copy of which is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information contained herein, including Exhibit 99.1 attached hereto, is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such filing.

SECTION 7 – Regulation FD

Item 7.01 Regulation FD Disclosure

On July 24, 2007 the Company issued a press release announcing that its Board of Directors had declared a cash dividend of $0.05 per share of the Company’s common stock, payable on September 10, 2007 to stockholders of record at the close of business on August 10, 2007.

A copy of the press release is attached as Exhibit 99.2 hereto.

SECTION 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

The following exhibits are furnished as part of this report.

Exhibit Number Description

99.1	Press release issued by Plantronics, Inc. dated July 24, 2007, entitled “Plantronics Reports First Quarter and Fiscal Year 2008 Results ”
99.2	Press release issued by Plantronics, Inc. dated July 24, 2007, entitled “Plantronics Declares Quarterly Dividend of $0.05 per Share”

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SIGNATURE

            Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	PLANTRONICS, INC.
Date: July 24, 2007	By:	/s/ Barbara Scherer
		Barbara Scherer
		Senior Vice President and Chief Financial Officer

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EX-99.1

PRESS RELEASE

Plantronics Reports First Quarter Fiscal Year 2008 Results

Revenue Grows on Strong Office & Call Center and Bluetooth Mobile Demand; EPS Exceeds Guidance

FOR INFORMATION, CONTACT: Greg Klaben Vice President, Investor Relations (831) 458-7533 FOR IMMEDIATE RELEASE July 24, 2007

SANTA CRUZ, CA – July 24, 2007 - Plantronics, Inc., (NYSE: PLT) today announced first quarter fiscal 2008 net revenues of $206.5 million compared with $195.1 million in the first quarter of fiscal 2007.  Revenues were within our guidance of $205 to $210 million.  Plantronics' GAAP diluted earnings per share increased 24% to $0.31 in the first quarter compared with $0.25 in the first quarter of fiscal 2007.  Non-GAAP diluted earnings per share were $0.37 compared with $0.28 in the first quarter of fiscal 2007.  Earnings per share exceeded previously provided GAAP guidance of $0.20 to $0.23 and non-GAAP guidance of $0.26 to $0.29.  The difference between GAAP and non-GAAP earnings per share for the current period is the cost of equity-based compensation.

 “Our revenue performance during the first quarter of fiscal 2008 was driven by growth in our headset business, especially for office and contact center products.  Enterprise demand remained healthy and our new product offerings have been well received.  We also introduced a number of new mobile and consumer products targeting emerging opportunities such as music phones.  Our operating margin grew as a result of a better product mix and improved efficiencies throughout the Company,” stated Ken Kannappan, President & CEO of Plantronics.

“Our focus areas for fiscal 2008 and fiscal 2009 are to increase penetration in the office, upgrade existing customers with compelling new products, grow our Bluetooth market share while improving profitability, achieve a turnaround of the Audio Entertainment Group, and improve the overall profitability of the Company,” concluded Kannappan.

Audio Communications Group (ACG) Non-GAAP Results

(Office & Contact Center, Mobile, Computer, Clarity)

First quarter net revenues of $185.6 million were up 13.3% compared with $163.7 million in the year-ago quarter.  Revenue growth compared to the year-ago quarter was driven by demand for wireless products, with office wireless up over 20% from a year ago and mobile Bluetooth up 27% from the same period.  This growth was partially offset by slight declines in sales of computer and Clarity products.

Gross margin in Q1 FY08 was 46.6% compared with 43.3% in the year-ago quarter.  Among the factors contributing to a higher gross margin compared to Q1 FY07 were an improved product mix, higher production levels and better absorption of fixed costs which includes increased utilization of our China manufacturing plant, and cost reduction on our Bluetooth mobile and office wireless products.  Operating margin in Q1 FY08 was 17.7% compared with 13.7% in the year-ago quarter because gross margins were higher in Q1FY08 and operating expenses grew more slowly than revenues.

Audio Entertainment Group (AEG) Non-GAAP Results

(Altec Lansing)

First quarter net revenues of $20.9 million were down 33% from $31.3 million in the year-ago quarter.  This business is in a turnaround and requires a significant product refresh to be competitive.  We believe this will occur near the end of the next 18 months.  Some positive signs for AEG in Q1FY08 included initial sales of the iM600 for docking audio and announcements of the Upgrader Series of headphones and the PT Series of wireless digital surround sound speakers designed for flat panel TV’s.

Given the early stage of the product transition, the division’s gross margins declined as a result of product margin erosion among the older products as well as provisions for excess and obsolete inventory and lower revenues.  The gross margin in Q1 FY08 was negative 10.6% compared with 17.7% in the year-ago quarter.

Non-GAAP operating loss was $10.8 million in the quarter compared with an operating loss of $5.6 million in the same quarter of the prior year.

“Despite these results, we believe that a successful turnaround of the business is possible when we refresh the product offering and establish systems to introduce successful new AEG products thereafter at regular intervals.  We expect sales to rebound and the targeted range of profitability to be restored within the next two years,” stated Kannappan.

PLANTRONICS, INC. / 345 Encinal Street / P.O. Box 1802 / Santa Cruz, California 95061-1802

831-426-6060 / Fax 831-426-6098

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Business Outlook

The following statements are based on current expectations.  Many of these statements are forward-looking, and actual results may differ materially.

We have a “book and ship” business model whereby we ship most orders to our customers within 48 hours of our receipt of those orders, and we thus cannot rely on the level of backlog to provide visibility into potential future revenues.  The September quarter tends to be characterized by a slowdown in incoming purchase orders during July which intensifies in August, but historically picks up strongly after Labor Day.  This pattern tends to be particularly true in our highest margin office and contact center business.  This trend has begun to manifest itself in the current quarter, and we need the historical pick up in September to recur to achieve the revenue levels we are forecasting.  Our business is inherently difficult to forecast, and there can be no assurance that the incoming orders we expect to receive over the balance of the quarter will materialize.

We are currently expecting revenues for AEG to increase sequentially and for the operating losses to be somewhat lower than the first quarter, but higher than Q2 last year.  Subject to the foregoing, we are currently expecting the following financial results for the second quarter of fiscal 2008:

·   Net revenues for the second quarter of fiscal 2008 to be in the range of $206 - $212 million; 

·   Non-GAAP consolidated tax rate to be approximately 24%;

·   The EPS cost of equity compensation pursuant to FAS 123(R) to be approximately $0.05 - $0.06;

·   Non-GAAP earnings per share for the second quarter of fiscal 2008 to be in the range of $0.30 - $0.35; and 

·   GAAP earnings per share of approximately $0.25 to $0.29.

Plantronics does not intend to update these targets during the quarter or to report on its progress toward these targets.  Plantronics will not comment on these targets to analysts or investors except by its next press release announcing its second quarter fiscal year 2008 results or by other public disclosure.  Any statements by persons outside Plantronics speculating on the progress of the second quarter of the fiscal year will not be based on internal Company information and should be assessed accordingly by investors.  The statements do not reflect the potential impact of any mergers or acquisitions that may be completed after the date of this release.

Conference Call Scheduled to Discuss Financial Results

Plantronics has scheduled a conference call to discuss the contents of this release.  The conference call will take place today, Tuesday, July 24 at 2:00 PM (PDT). All interested investors and potential investors in Plantronics stock are invited to participate. To listen to the call, please dial in five to ten minutes prior to the scheduled starting time and refer to the "Plantronics Conference Call."  Participants from North America should call (888) 301-8736 and other participants should call (706) 634-7260.

A replay of the call with the conference ID #2594540 will be available for 72 hours at (800) 642-1687 for callers from North America and at (706) 645-9291 for all other callers. The conference call will also be simultaneously web cast at www.plantronics.com under Investor Relations.

Use of Non-GAAP Financial Information

Plantronics excludes stock-based compensation related to stock options and employee stock purchases from: non-GAAP net income, non-GAAP earnings per diluted share, non-GAAP operating income, non-GAAP operating margin and non-GAAP effective tax rate.  Plantronics excludes these expenses from its non-GAAP measures primarily because they are non-cash expenses that Plantronics does not believe are reflective of ongoing operating results.  The Company believes that the use of non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing the Company’s performance and when planning, forecasting and analyzing future periods.

PLANTRONICS, INC. / 345 Encinal Street / P.O. Box 1802 / Santa Cruz, California 95061-1802

831-426-6060 / Fax 831-426-6098

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SAFE HARBOR

This release contains forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Specific forward-looking statements include our belief that a successful turnaround of our AEG business can be achieved with a refreshed product offering within the next 18 months, including a rebound in sales with a goal of approaching the range of AEG’s target operating model within the next two years, and our estimates of net revenues, margins, operating expenses, tax rate and earnings for the second quarter of fiscal 2008.  These forward-looking statements involve a number of risks and uncertainties, and are based on current information and management judgment.

Among the factors that could cause actual results to differ materially from those projected are:

·   Our operating results are difficult to predict;

·   The ability to achieve the turnaround of AEG is uncertain because:

·   it is dependent upon our ability to more effectively research and implement features in our AEG products that consumers want and are willing to purchase;

·   we must be able to meet the market windows for these products;

·   we must be able to retain or obtain the shelf space for these products in our sales channel; and

·   we must retain or improve the brand recognition associated with the Altec Lansing brand during the turnaround;

·   Failure to achieve any of these objectives may adversely affect our financial results;

·   We have significant intangible assets and goodwill recorded on our balance sheet.  If the carrying value of our intangible assets and goodwill is not recoverable, an impairment loss must be recognized which would adversely affect our financial results;

·   The market for our products is characterized by rapidly changing technology, short product life cycles, and frequent new product introductions, and we may not be able to develop, manufacture or market new products in response to changing customer requirements and new technologies;

·   The actions of existing and/or new competitors, especially with regard to pricing and promotional programs;

·   Product mix is difficult to estimate and standard margin varies considerably by product;

·   Failure to match production to demand given long lead times and the difficulty of forecasting unit volumes and acquiring the component parts to meet demand without having excess inventory or incurring cancellation charges;

·   The inability to successfully develop, manufacture and market new products and achieve volume shipment schedules to meet demand;

·   A softening of the level of market demand for our products;

·   Variations in sales and profits in higher tax, as compared to lower tax, jurisdictions;

·   Fluctuations in foreign exchange rates;

·   Class action lawsuits are being brought against us and other Bluetooth headset manufacturers claiming “noise induced hearing loss”.  While we believe these suits are without merit, the costs to defend against them could be high and the results of litigation are not predictable in any event;

·   Changes in the regulatory environment either as to headsets directly or as to the products, such as mobile phones, with which our products are used;

·   Additional risk factors include: changes in the timing and size of orders from our customers, price erosion, increased requirements from retail customers for marketing and advertising funding, interruption in the supply of sole-sourced critical components, continuity of component supply at costs consistent with our plans, failure of our distribution channels to operate as we expect, failure to develop products that keep pace with technological changes, the inherent risks of our substantial foreign operations, problems which might affect our manufacturing facilities in Mexico or in China, and the loss of the services of key executives and employees.

For more information concerning these and other possible risks, please refer to the Company's Annual Report on Form 10-K filed May 29, 2007, quarterly reports filed on Form 10-Q and other filings with the Securities and Exchange Commission as well as recent press releases. These filings can be accessed over the Internet at http://www.sec.gov/edgar/searchedgar/companysearch.html

PLANTRONICS, INC. / 345 Encinal Street / P.O. Box 1802 / Santa Cruz, California 95061-1802

831-426-6060 / Fax 831-426-6098

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Financial Summaries

The following related charts are provided:

·   Summary Unaudited Condensed Consolidated Financial Statements

·   Summary Unaudited Condensed Statements of Operations by Segment

·   Unaudited GAAP to Non-GAAP Statements of Operations Reconciliation for Plantronics, Inc.

·   Unaudited GAAP to Non-GAAP Statements of Operations Reconciliations by Segment

·   Summary Unaudited Statements of Operations and Related Data

About Plantronics

In 1969, a Plantronics headset carried the historic first words from the moon: “That’s one small step for man, one giant leap for mankind.”  Since then, Plantronics has become the headset of choice for mission-critical applications such as air traffic control, 911 dispatch, and the New York Stock Exchange.  Today, this history of Sound Innovation^® is the basis for every product we build for the office, contact center, personal mobile, entertainment and residential markets. The Plantronics family of brands includes Plantronics, Altec Lansing, Clarity, and Volume Logic. For more information, go to www.plantronics.com or call (800) 544-4660.

Altec Lansing, Clarity, Plantronics, Sound Innovation, and Volume Logic are trademarks or registered trademarks of Plantronics, Inc. All other trademarks are the property of their respective owners.

###

PLANTRONICS, INC. / 345 Encinal Street / P.O. Box 1802 / Santa Cruz, California 95061-1802

831-426-6060 / Fax 831-426-6098

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PLANTRONICS, INC.
SUMMARY CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(in thousands, except per share data)
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
	Three Months Ended
	June 30,			June 30,
	2006			2007
Net revenues	$	195,069		$	206,495
Cost of revenues		119,470			122,949
Gross profit		75,599			83,546
Gross profit %		38.8	%		40.5	%
Research, development and engineering		18,659			19,488
Selling, general and administrative		44,453			46,111
Gain on sale of land		(2,637	)		-
Total operating expenses		60,475			65,599
Operating income		15,124			17,947
Operating income %		7.8	%		8.7	%
Interest and other income (expense), net		985			1,334
Income before income taxes		16,109			19,281
Income tax expense		3,818			4,306
Net income	$	12,291		$	14,975
% of net revenues		6.3	%		7.3	%
Diluted earnings per common share	$	0.25		$	0.31
Shares used in diluted per share calculations		48,268			48,681
Tax rate		23.7	%		22.3	%
UNAUDITED CONSOLIDATED BALANCE SHEETS
	March 31,			June 30,
	2007			2007
ASSETS
Cash and cash equivalents	$	94,131		$	97,093
Short-term investments		9,234			13,334
Total cash, cash equivalents, and
short-term investments		103,365			110,427
Accounts receivable, net		113,758			121,705
Inventory		126,605			136,253
Deferred income taxes		12,659			12,874
Other current assets		18,474			18,538
Total current assets		374,861			399,797
Property, plant and equipment, net		97,259			98,653
Intangibles, net		100,120			98,080
Goodwill		72,825			72,825
Other assets		6,239			5,923
	$	651,304		$	675,278
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	$	49,956		$	46,922
Accrued liabilities		54,025			58,858
Income taxes payable		12,476			3,847
Total current liabilities		116,457			109,627
Deferred tax liability		37,344			34,746
Long-term liability		696			15,068
Total liabilities		154,497			159,441
Stockholders' equity		496,807			515,837
	$	651,304		$	675,278

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AUDIO COMMUNICATIONS GROUP
SUMMARY CONDENSED FINANCIAL STATEMENTS
(in thousands)
UNAUDITED STATEMENTS OF OPERATIONS
	Three Months Ended
	June 30,			June 30,
	2006			2007
Net revenues	$	163,737		$	185,572
Cost of revenues		93,664			99,796
Gross profit		70,073			85,776
Gross profit %		42.8	%		46.2	%
Research, development and engineering		16,018			16,784
Selling, general and administrative		35,875			40,006
Gain on sale of land		(2,637	)		-
Total operating expenses		49,256			56,790
Operating income	$	20,817		$	28,986
Operating income %		12.7	%		15.6	%

AUDIO ENTERTAINMENT GROUP
SUMMARY CONDENSED FINANCIAL STATEMENTS
(in thousands)
UNAUDITED STATEMENTS OF OPERATIONS
	Three Months Ended
	June 30,			June 30,
	2006			2007
Net revenues	$	31,332		$	20,923
Cost of revenues		25,806			23,153
Gross profit (loss)		5,526			(2,230	)
Gross profit (loss) %		17.6	%		(10.7	)%
Research, development and engineering		2,641			2,704
Selling, general and administrative		8,578			6,105
Total operating expenses		11,219			8,809
Operating loss	$	(5,693	)	$	(11,039	)
Operating loss %		(18.2	)%		(52.8	)%

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PLANTRONICS, INC.
UNAUDITED GAAP TO NON-GAAP RECONCILIATION
(in thousands, except per share data)
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
	Three Months Ended									Three Months Ended
	June 30, 2006									June 30, 2007
	GAAP			Excluded (1), (2)			Non-GAAP			GAAP			Excluded (1)			Non-GAAP
Net revenues	$	195,069		$	-		$	195,069		$	206,495		$	-		$	206,495
Cost of revenues		119,470			(789	)		118,681			122,949			(641	)		122,308
Gross profit		75,599			789			76,388			83,546			641			84,187
Gross profit %		38.8	%					39.2	%		40.5	%					40.8	%
Research, development and engineering		18,659			(1,026	)		17,633			19,488			(928	)		18,560
Selling, general and administrative		44,453			(2,621	)		41,832			46,111			(2,544	)		43,567
Gain on sale of land		(2,637	)		2,637			-			-			-			-
Total operating expenses		60,475			(1,010	)		59,465			65,599			(3,472	)		62,127
Operating income		15,124			1,799			16,923			17,947			4,113			22,060
Operating income %		7.8	%					8.7	%		8.7	%					10.7	%
Interest and other  income (expense), net		985			-			985			1,334			-			1,334
Income before income taxes		16,109			1,799			17,908			19,281			4,113			23,394
Income tax expense		3,818			443			4,261			4,306			1,309			5,615
Net income	$	12,291		$	1,356		$	13,647		$	14,975		$	2,804		$	17,779
% of net revenues		6.3	%					7.0	%		7.3	%					8.6	%
Diluted earnings per common share	$	0.25		$	0.03		$	0.28		$	0.31		$	0.06		$	0.37
Shares used in diluted per share calculations		48,268			48,268			48,268			48,681			48,681			48,681

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AUDIO COMMUNICATIONS GROUP
UNAUDITED GAAP TO NON-GAAP RECONCILIATION
(in thousands)
UNAUDITED STATEMENTS OF OPERATIONS
	Three Months Ended									Three Months Ended
	June 30, 2006									June 30, 2007
	GAAP			Excluded (1), (2)			Non-GAAP			GAAP			Excluded (1)			Non-GAAP
Net revenues	$	163,737		$	-		$	163,737		$	185,572		$	-		$	185,572
Cost of revenues		93,664			(781	)		92,883			99,796			(623	)		99,173
Gross profit		70,073			781			70,854			85,776			623			86,399
Gross profit %		42.8	%					43.3	%		46.2	%					46.6	%
Research, development and engineering		16,018			(998	)		15,020			16,784			(893	)		15,891
Selling, general and administrative		35,875			(2,518	)		33,357			40,006			(2,348	)		37,658
Gain on sale of land		(2,637	)		2,637			-			-			-			-
Total operating expenses		49,256			1,639			48,377			56,790			(3,241	)		53,549
Operating income	$	20,817		$	(858	)	$	22,477		$	28,986		$	3,864		$	32,850
Operating income %		12.7	%					13.7	%		15.6	%					17.7	%

AUDIO ENTERTAINMENT GROUP
UNAUDITED GAAP TO NON-GAAP RECONCILIATION
(in thousands)
UNAUDITED STATEMENTS OF OPERATIONS
	Three Months Ended									Three Months Ended
	June 30, 2006									June 30, 2007
	GAAP			Excluded (1)			Non-GAAP			GAAP			Excluded (1)			Non-GAAP
Net revenues	$	31,332		$	-		$	31,332		$	20,923		$	-		$	20,923
Cost of revenues		25,806			(8	)		25,798			23,153			(18	)		23,135
Gross profit (loss)		5,526			8			5,534			(2,230	)		18			(2,212	)
Gross profit (loss) %		17.6	%					17.7	%		(10.7	)%					(10.6	)%
Research, development and engineering		2,641			(28	)		2,613			2,704			(35	)		2,669
Selling, general and administrative		8,578			(103	)		8,475			6,105			(196	)		5,909
Total operating expenses		11,219			(131	)		11,088			8,809			(231	)		8,578
Operating loss	$	(5,693	)	$	139		$	(5,554	)	$	(11,039	)	$	249		$	(10,790	)
Operating loss %		(18.2	)%					(17.7	)%		(52.8	)%					(51.6	)%

(1) Excludes stock-based compensation.

(2) Excludes gain on sale of land.

Use of Non-GAAP Financial Information

To supplement our consolidated financial statements presented on a GAAP basis, Plantronics uses non-GAAP measures of operating results, which are adjusted to exclude the impact of all stock-based compensation charges under FAS 123R and the gain on sale of land, which Plantronics considers non-recurring transactions. At the segment level, we have presented non-GAAP statements that only show our results to the operating income line.  On a consolidated basis, we have presented full non-GAAP statement of operations. The non-GAAP financial measures should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and the reconciliations to those financial statements should be carefully evaluated.  The non-GAAP financial measures used by the company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies.

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Summary of Unaudited Statements of Operations and Related Data (1)
	Q107			Q207			Q307			Q407			FY07			Q108
Net revenues	$	195,069		$	194,934		$	215,435		$	194,716		$	800,154		$	206,495
Cost of revenues		118,681			117,357			133,855			117,738			487,631			122,308
Gross profit		76,388			77,577			81,580			76,978			312,523			84,187
Gross profit %		39.2	%		39.8	%		37.9	%		39.5	%		39.1	%		40.8	%
Research, development and engineering		17,633			16,055			16,902			17,470			68,060			18,560
Selling, general and administrative		41,832			41,570			43,619			44,911			171,932			43,567
Operating expenses		59,465			57,625			60,521			62,381			239,992			62,127
Operating income		16,923			19,952			21,059			14,597			72,531			22,060
Operating income %		8.7	%		10.2	%		9.8	%		7.5	%		9.1	%		10.7	%
Income before income taxes		17,908			20,219			22,552			15,941			76,620			23,394
Income tax expense		4,261			5,049			4,479			2,507			16,296			5,615
Income tax expense as a percent
of income before taxes		23.8	%		25.0	%		19.9	%		15.7	%		21.3	%		24.0	%
Net income	$	13,647		$	15,170		$	18,073		$	13,434		$	60,324		$	17,779
Diluted shares outstanding		48,268			47,626			47,922			48,218			48,020			48,681
EPS	$	0.28		$	0.32		$	0.38		$	0.28		$	1.26		$	0.37
Net revenues from unaffiliated customers:
Audio Communication Group
Office and Contact center	$	114,267		$	115,813		$	118,280		$	126,964		$	475,324		$	132,205
Mobile		35,806			33,199			43,080			34,774			146,859			41,238
Gaming and Computer		7,289			7,727			8,364			6,782			30,162			6,485
Other specialty products		6,375			6,294			6,787			4,713			24,169			5,644
Audio Entertainment Group		31,332			31,900			38,924			21,483			123,640			20,923
Net revenues by geographic area
from unaffiliated customers:
Domestic	$	126,900		$	122,782		$	126,178		$	115,846		$	491,706		$	131,295
International		68,169			72,152			89,257			78,870			308,448			75,200
Balance Sheet accounts and metrics:
Accounts receivable, net	$	121,702		$	118,646		$	131,735		$	113,758		$	113,758		$	121,705
Days sales outstanding		56			55			55			53						53
Inventory, net	$	135,979		$	139,426		$	134,263		$	126,605		$	126,605		$	136,253
Inventory turns		3.5			3.4			4.0			3.8						3.6
(1) Non-GAAP.

- 12 -

EX-99.2

PRESS RELEASE

Plantronics Declares Quarterly Dividend of $0.05 per Share

FOR INFORMATION, CONTACT: Greg Klaben Vice President of Investor Relations (831) 458-7533 FOR IMMEDIATE RELEASE July 24, 2007

Santa Cruz,CA–July 24, 2007 - Plantronics, Inc., (NYSE: PLT) today announced that its Board of Directors declared a quarterly dividend of $0.05 per share. The dividend is payable on September 10, 2007 to stockholders of record at the close of business on August 10, 2007.

“We generated approximately $13 million in cash flows from operations in the first quarter of fiscal 2008 compared with $4.5 million in the first quarter of fiscal 2007.  Our Board of Directors is pleased to continue to return a portion of our cash flow to stockholders directly in the form of a dividend,” said Ken Kannappan, President and Chief Executive Officer.

About Plantronics

In 1969, a Plantronics headset carried the historic first words from the moon: “That’s one small step for man, one giant leap for mankind.”  Since then, Plantronics has become the headset of choice for mission-critical applications such as air traffic control, 911 dispatch, and the New York Stock Exchange.  Today, this history of Sound Innovation® is the basis for every product we build for the office, contact center, personal mobile, entertainment and residential markets. The Plantronics family of brands includes Plantronics, Altec Lansing, Clarity, and Volume Logic. For more information, go to www.plantronics.com or call (800) 544-4660.

Altec Lansing, Clarity, Plantronics, Sound Innovation, and Volume Logic are trademarks or registered trademarks of Plantronics, Inc. All other trademarks are the property of their respective owners.

PLANTRONICS, INC. / 345 Encinal Street / P.O. Box 1802 / Santa Cruz, California 95061-1802

831-426-6060 / Fax 831-426-6098