garmin stock
Comment Honda Aircraft has become the second manufacturer after Piper Aircraft to select the new Garmin G3000. [1]
It is difficult to imagine a more difficult environment for Garmin stock, than the 2008 economy. [2]
The consumer GPS market was once limited to the wealthy, but increased competition from low-cost overseas manufacturers (Mio) in combination with Garmin’s engineering and manufacturing expertise has helped to bring the cost of GPS devices to an affordable level. [1]
Garmin Ltd (NASDAQ: GRMN) is a technology company concentrated on GPS positioning devices in the automobile, marine, aviation, and fitness/outdoors sectors. [2]
Garmin stock has been showing support around 37.87 and resistance in the 39.01 range. [1]
*Stock quote figures are delayed approximately 15 minutes. [3]
Comment Garmin’s combination smartphone and GPS unit has superior features for providing directions. [1]
The company sells its products through distributors and retailers and also offers its products to OEM manufacturers for direct integration into third party products. [...] As a sector, the global positioning market is expected to grow in the double digits for some time to come. [2]
The company sells its products directly to original equipment manufacturers such as automakers and airplane manufacturers, as well as to consumers through mass retailers like Wal-Mart Stores (WMT), Best Buy (BBY) and Amazon.com (AMZN). [...] So far the stock has hit a 52-week low of $14.40 and 52-week high of $38.78. [1]
The company expects to double its capacity in Taiwan through the purchase of another facilities in Jhongli, Taiwan, which opened in May 2006. [...] Garmin’s main competitor is European TomTom, which can be found along side Garmin Ltd. (NASDAQ: GRMN) devices in the US at places like Best Buy. [...] The strongest growth for Garmin stock of late has been the automotive division which grew 170% in 2006 and around 90% in 2007. [2]
Garmin sells its products through a network of distributors such as Best Buy, Wal-Mart, and Costco, making its sales dependent upon the business of those retailers. [1]
Sources:
[1] Garmin (GRMN)
[2] Garmin Stock (NASDAQ: GRMN)
[3] Garmin | IR Current Releases