Garmin - GRMN Hold Created By: Val Perfanov & Rob Stern
About Garmin “ G armin, Ltd. engages in the design, manufacture, and marketing of navigation, communications, and information devices that are enabled by global positioning system (GPS) technology worldwide” It operates in four segments: –Automotive/Mobile –Outdoor/Fitness –Marine –Aviation.
Competitors Private companies: –Magellan Navigation, Inc. –Tom Tom N.V.
Goals Expand in sectors: –Aviation –Marine –International Re-enter cell phone industry Acquire Tele-Atlas
Results 3rd Quarter revenue increased 79% YTD: Revenue increased 69% Automotive/Mobile = 71% of total revenues
Results
Results
Putting Numbers Into Perspective
Analysis Abbreviated Income Statement
Analysis
Analysis
Analysis
Headlines Nokia acquires Navtech Garmin outbid for Tele Atlas by Tom Tom Microsoft acquiring Garmin? Nokia acquires Navtech Garmin outbid for Tele Atlas by Tom Tom Microsoft acquiring Garmin?
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