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22.12.2008 18:48
Garmin Disputes DigiTimes Report

Garmin Ltd. (News) (NASDAQ: GRMN), the global leader in satellite navigation, is disputing a Monday, December 22 report in the DigiTimes trade publication entitled, ”Garmin expects to ship 18 million GPS PNDs in 2008.” The story contains a number of inaccuracies in both sales figures and product rollout schedules.

”Black Friday sales from our customers were what we expected and gross margins remain relatively strong,” said Kevin Rauckman, Garmin's CFO and treasurer. ”However, the December sales environment is weaker, which we attribute to our retail customers' desire to exit the year with lower levels of inventory.”

As is customary, Garmin will update investors during its fourth quarter 2008 earnings call, scheduled for February 25, 2009.
 
aus der Diskussion: Warum interessiert sich hier niemand für GARMIN ??
Autor (Datum des Eintrages): meinolf67  (29.12.08 09:59:58)
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