Garmin Ltd.
News and overview for Garmin Ltd.
BUSINESS OCTOBER 28, 2009, 4:55 A.M. ET TomTom's Net Declines 47%
Barron's (subscription required) | 26 days 20 hours 42 minutes ago
AMSTERDAM--Dutch navigation equipment maker TomTom NV Wednesday posted a 47% drop in third quarter net profit due to lower sales and prices, but said end-user demand continued to develop in line with expectations.
TomTom's Net Declines 47%
Wall Street Journal, The | 26 days 19 hours 38 minutes ago
AMSTERDAM -- TomTom NV Wednesday posted a 47% drop in third quarter net profit due to a steeper-than-expected price decline for its key navigation products.
Kansas gov: Taiwan to ease US beef restrictions
Centre Daily Times (State College, Pa.) | 26 days 7 hours 25 minutes ago
TOPEKA, Kan. Kansas Gov. Mark Parkinson said Wednesday that he has been assured Taiwan will soon ease restrictions on imports of U.S. beef.
UPDATE: TomTom Shares Drop As Selling Prices Fall 27%
Wall Street Journal, The | 26 days 19 hours 46 minutes ago
Of DOW JONES NEWSWIRES AMSTERDAM (Dow Jones)--Shares in Dutch navigation equipment maker TomTom NV (TOM2.AE) Wednesday dropped as much as 13.5% after the company posted a 47% drop in third quarter net profit due to a steeper-than-expected price decline for its key navigation products.
US HOT STOCKS: First Solar, Symantec Active In Late Trading
Wall Street Journal, The | 26 days 7 hours 45 minutes ago
U.S. stocks traded lower Wednesday, as the Dow Jones Industrial Average fell 1.2% to 9763, the S&P 500 lost 2% to 1043 and the Nasdaq Composite dropped 2.7% to 2060. Among the companies whose shares are actively trading in the after-hours session are First Solar Inc. (FSLR), Symantec Corp. (SYMC) and Lincoln National Corp. (LNC).
Motorola's Droid Makes Its Debut
Wall Street Journal, The | 26 days 2 hours 34 minutes ago
Motorola Inc. and Verizon Wireless on Wednesday unveiled the Droid smart phone, which the companies plan to aggressively push as a challenger to Apple Inc.'s iPhone.
Verizon says Droid smart phone goes on sale Nov. 6
Washington Post, The | 26 days 14 hours 44 minutes ago
NEW YORK -- Verizon Wireless' answer to the iPhone - the Droid - will go on sale next week for $200.
Verizon to launch iPhone challenger, the Droid, on Nov. 6 for $200 with contract
Star Tribune (Minneapolis-St. Paul, Minn.) | 26 days 14 hours 22 minutes ago
NEW YORK - Verizon Wireless' answer to the iPhone — the Droid — will go on sale next week for $200.
Verizon says Droid smart phone goes on sale Nov. 6 by The Associated Press
National Public Radio | 26 days 14 hours 43 minutes ago
Verizon Wireless' answer to the iPhone the Droid will go on sale next week for $200.
The Latest Buzz On...
Wall Street Journal, The | 43 days 35 minutes ago
Christine Barry Aite Group LLC Research Director SOCIAL CREDIT: Financial institutions often resist trendy new technologies
New Google-powered phone goes on sale next week
Oakland Tribune (Calif.), The | 26 days 13 hours 19 minutes ago
NEW YORK Verizon Wireless' answer to the iPhone the Droid will go on sale next week for $200.
US HOT STOCKS: Apollo, Goodyear, Massey, Ashland, Harris
Wall Street Journal, The | 26 days 10 hours 44 minutes ago
U.S. stocks traded lower Wednesday, as the Dow Jones Industrial Average fell 55 points to 9827, the S&P 500 lost 12 points to 1051 and the Nasdaq Composite dropped 37 points to 2078. Among the companies whose shares are actively trading in the session are Apollo Group Inc. (APOL), Goodyear Tire & Rubber Co. (GT) and Massey Energy Co. (MEE).
American Capital, Baker Hughes, Garmin, Kraft, Zebra: U.S. Equity Preview
Bloomberg | 19 days 15 hours 52 minutes ago
American Capital Ltd. (ACAS US) surged 29 percent to $3.50. The manager of private equity, real estate and other investments reached an agreement to restructure $2.4 billion of credit.
Latest data paint fuzzy picture of road to economic recovery
Honolulu Advertiser, The | 25 days 13 hours 2 minutes ago
WASHINGTON The Great Recession may be over, but the recovery is just beginning and it doesn't promise to be much easier.
TomTom Chief Goddijn Says Prices Will Continue to Drop; Shares Plunge
Bloomberg | 26 days 18 hours 51 minutes ago
Oct. 28 (Bloomberg) -- TomTom NV Chief Executive Officer Harold Goddijn said the average selling price of its personal navigation devices will continue to fall in the fourth quarter, sending the stock lower.
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Company Overview
| Company: | Garmin Ltd. |
|---|---|
| Industry: | Satellite & Broadcast Network Equipment |
| Website: | http://www.garmin.com |
You may not know where you're headed, but Garmin can tell you where you are. The company manufactures navigation products that use global positioning system (GPS) technology to wirelessly deliver geographic location data through satellite communications. Its portable products incorporate electronic maps and navigational charts. Garmin also makes communications devices which combine cellular and GPS technology. Boat maker Ranger and airplane maker New Piper incorporate Garmin equipment into their vehicles. The company sells its consumer products through retailers including Bass Pro Shops, Best Buy, and Wal-Mart. Chairman and CEO Min Kao owns about 23% of Garmin.
Key Numbers
| Sales in U.S. Dollars (mil.) | 3,494.1 (2008) |
|---|---|
| One-year % Growth in Sales | 9.9 (2008) |
| Net Income in U.S. Dollars (mil.) | 732.8 (2008) |
| One-year % Growth in Net Income | -14.3 (2008) |
| Number of Employees | 8,919 (2008) |
| One-year % Growth in Number of Employees | 5.8 (2008) |
| Fiscal Year-End | December |
