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Warum interessiert sich hier niemand für GARMIN ?? - 500 Beiträge pro Seite


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:confused::confused:

Wo doch mittlerweile soviele Navis von Garmin im Auto haben. Hier bei w:o interessiert sich ja wirklich niemand. Es gibt nur einen historischen Thread.
Aber zur Firma:
Homepage--> http://www.garmin.com

Fundamental unheimlich stark, erzielen seit Jahren Rekordergebnisse.
Charttechnisch ebenfalls sehr positiv, weil bei der 50USD Marke ein Kreuzwiederstand ist, den man mit hohem Volumen hintersichgelassen hat.Der Boden ist erreicht. Der Weg nach monatelanger Talfahrt scheint nach Norden zu gehen.

Jemand interessiert?:)

Lg Husky
Der Margenverfall hat im Chart deutliche Spuren hinterlassen - siehe auch TomTom.

Antwort auf Beitrag Nr.: 34.251.078 von seblas am 06.06.08 08:40:02reife Früchte fallen vom Stamm. diese Frucht ist noch nicht reif.

Was meinst Du damit?

Bin selbst in Garmin investiert und bin vom Unternehmen auch überzeugt.
Die Produktpipeline ist sehr gut und das dürfte sich auch in 2008 in den Zahlen ausdrücken.
Der Margendruck ist bekannt und dürfte auch im jetzigen Kurs enthalten sein.
Auffällig auch die rel. Stärke in den letzten Tagen. Obwohl der Gesamtmarkt nach unten ging, legte Garmin stark zu!
Gestern sahen wir Gewinnmitnahmen, das nach einem Anstieg von ca. $ 42 auf $ 55 ganz normal sein dürfte.
Aus charttechnischer Sicht kann ich nicht mitreden.
Eure Meinung würde mich aber interessieren.

Schöne Grüsse

buyer10:cool:
Antwort auf Beitrag Nr.: 34.251.705 von buyer10 am 06.06.08 09:41:44Sehe ich auch so, wie buyer10!
Zugegebenermaßen war der Kursanstieg 2007 übertrieben. Jetzt ist die Aktie auf ein gesundes Niveau zurückgekehrt (ich schreibe absichtlich nicht zurückGEFALLEN ;-)

Garmin's Produktpipeline ist prall gefüllt. Zudem dürften die aktuellen Navi's für Biker (EDGE) und Läufer (FORERUNNER) neue Marktsegmente erschließen. Das ganze vor dem Hintergrund einer zunehmenden Bikefreudigkeit...

*Hehe* (Kein Wunder bei den Spritpreisen)
:laugh:
Antwort auf Beitrag Nr.: 34.251.705 von buyer10 am 06.06.08 09:41:44Heute bei den Gesamtmarkt ein herber Rücksetzer auf - bis jetzt - 50USD. Bei 50 USD befindet sich ein wichtiger Kreuzwiederstand, der jetzt einen wichtigen Unterstüzungspunkt markiert. Unter 50USD eher negativ. Wir werden sehen.

Auf jeden Fall schaut der Chart schön nach Bodenbildung aus, und das Geschäft läuft auch blendend.:)
Na bitte diese Nachricht half gestern Abend den Kurs ein wenig auf die Sprünge.



Friday June 6, 3:45 pm ET
Garmin declares annual dividend of 75 cents

NEW YORK (AP) -- Personal navigation device maker Garmin Ltd. said Friday that its board approved an annual dividend of 75 cents.

The dividend will be paid Dec. 15 to shareholders of record as of Dec. 1.
Zufälle gibts... Letzte Woche hab ich mich hier auch noch gewundert, warum keine neuen Beiträge zu Garmin drin sind und kaum ist Sie auf meiner Watchlist gehts auch schon los :)

Zu Garmin: Bin Marathonläufer und hab seid ca. 3 Monate eine Garmin "Forerunner 305", welches mit GPS ausgestattet ist und diverse neue Features hat (z.B. virtueller Trainingspartner), die bei weiten besser sind als meine vergleichbare Polaruhr. Sehe auch immer mehr Läufer mit Garminuhr am Handgelenk. Ich denke bei den Sportuhren ist Garmin sehr gut aufgestellt.
Antwort auf Beitrag Nr.: 34.267.021 von Gogos1 am 09.06.08 14:39:10Schön, ich bin sicher du bereust es nicht.:)
Antwort auf Beitrag Nr.: 34.267.338 von HuskyEnergy am 09.06.08 15:23:48Danke.. könnte mal ein bisschen grün im Depot vertragen :look:
Antwort auf Beitrag Nr.: 34.272.466 von Gogos1 am 10.06.08 11:21:11Hallo zusammen,

also schön langsam sollte sich Garmin wieder gen Norden bewegen!

Eine Korrektur von über 15% in 4 Handelstagen ist schon gewaltig.

Ich hoffe nicht, daß der "Absturz" mit der neuen iPhone Generation von Apple zu tun hat. Dieses hat nämlich auch ein Navi als Standard. Garmin haut mit dem Nüvi-Phone ja in die gleiche Kerbe.
(Voraussichtlich ab Herbst)

Was sagen die Charttechniker?
Ein unterschreiten unter die $ 50,-- war nicht positiv oder?

Eure Meinung würde mich interessieren.

Schöne Grüsse
Die letzten Tage waren schon heftig, dachte eigentlich dass die 50 hält und hab dann zugegriffen, aber das war wohl nichts.

Von Charttechnik hab ich leider überhaupt keine Ahnung und mein letztes Handy hab ich vor 3 Jahren bekommen, also total veraltert ;)

Bin mal verhalten optimistisch, dass heute die Trendwende kommt
Antwort auf Beitrag Nr.: 34.279.023 von buyer10 am 11.06.08 09:36:47Bin jetzt auch kein Risencharttechnikexperte, aber die 50 USD sollten wir schon packen. Dazu ist auch eine gute Stimmung am Markt nötig, da wars ja die letzten Tage nicht so gut.:rolleyes:
Antwort auf Beitrag Nr.: 34.282.006 von HuskyEnergy am 11.06.08 15:26:49Waaaahhhhnnnsinnnnn!!!:cry:

Alles steigt am Freitag und Garmin schmirrt ab!!!!!

Also da versteh ich die Welt nicht mehr. Gab es ein negatives Kommentar zum Unternehmen oder was war los?

Bitte Info, falls vorhanden

Schöne Grüsse
Antwort auf Beitrag Nr.: 34.302.969 von buyer10 am 14.06.08 17:00:55Sorry, aber es gibt keine.

Auf jeden Fall ist die aktuelle Situation nicht gerade die Beste, die Woche war sehr schwach.:cry:
echt ärgerlich, bin wohl etwas zu früh rein :rolleyes:

Wollen wir mal hoffen, dass die nächste Woche besser läuft, den die Woche gings ja nur bergab :mad:
Antwort auf Beitrag Nr.: 34.338.220 von Gogos1 am 20.06.08 08:51:22Hallo Garminianer:laugh:,

ich glaube heute könnte es wieder grün für Garmin werden.

Bin zwar kein Charttechniker, aber es sieht doch danach aus, als ob vorgestern ein doppelter Boden gebildet wurde. Gestern schon ein kleines Plus, obwohl der Gesamtmarkt im Minus schloß.

Also ich bin auf heute gespannt, was an der Nasdaq passiert.

Meine Meinung - andere Meinungen erwünscht

Schöne Grüsse

buyer10:cool:
Hat mich auch verwundert, normal schau ich mir immer den roten Bereich zuerst an und dachte schon Garmin wäre "delisted" ;)

Gruss

Gogo
Antwort auf Beitrag Nr.: 34.369.783 von buyer10 am 25.06.08 10:52:19Ja, ein Boden wird auf jeden Fall gebildet, aber der Kurs ist noch weit weg von der 50USD Marke.

Intraday USA:

Antwort auf Beitrag Nr.: 34.373.256 von HuskyEnergy am 25.06.08 16:13:04Ja, ein Boden wird auf jeden Fall gebildet, aber der Kurs ist noch weit weg von der 50USD Marke.

Hoffentlich hält der Boden. Die Seitwärtsbewegung gefällt mir so gar nicht.:cry:
Werd mir auf jeden Fall einen Stopp loss setzen.

Wenn wir unter 39,xx$ durchsacken, dann gute Nacht!

Noch ein schönes Wochenende
Moin,

alle noch investiert ?!

Wir waren ja gestern knapp an der 50 Dollar Marke, mit positiven Vorzeichen könnten wir es evl.heute schaffen :lick:
hi GARMIN-Interessierte,

AKTIENperformer.de hat GARMIN vor einigen Tagen in die Watchlist aufgenommen
26.07.2008 - 10:00 / BürseGo
Top Pick: Besser als das i-Phone



„Noch ein weiteres Handy möchte man zunächst sagen“ – doch das US-Unternehmen Garmin (ISIN: KYG372601099) präsentiert ganz aktuell eine Neuentwicklung, die nach Auffassung von Tony Sagami vom US-Börsendienst „The Asia Stock Alert“ selbst das neue i-Phone in den schatten stellt.
„Der Navigationsspezialist Garmin hat sich lange Zeit gelassen. Es gab viele Spekulationen, mit welchem Handyhersteller nun ein gemeinsames Gerät auf den Markt gebracht werden sollte. Doch zum Schluss hat sich Garmin dazu entschieden, dass Gerät selbst auf den Markt zu bringen. Das Gerät heißt Nuvifone und soll noch im 3. Quartal 2008 in den USA auf den Markt kommen. Das Nuvifone ist eine wirkliche Allzweckwaffe: Es ist genauso ausgestattet wie das i-Phone hat aber zusätzlich noch die Navigationssoftware von Garmin. Besonders gelungen ist die „Wo bin ich gerade?“ Funktion. Damit kann der Nutzer seine genaue Position bestimmen und erhält dann wichtige Strassenverbindungen oder aber Tankstellen und auch Krankenhäuser in seiner Nähe. Zu den weiteren Features gehört ein 3,5 Zoll großer Touchscreen mit kompletter Internetanbindung, eine eingebaute Videokamera und ein MP3 und MPEG4 Player. Kein Zweifel: Es gibt auf dem Markt aktuell kein Gerät, das diese komplette Ausstattung bietet. Meiner Einschätzung nach, werden die Konsumenten dieses Gerät den Händlern aus den Händen reißen – wenn es dann endlich ausgeliefert wird.
Dafür ist das Timing mit dem Ende des 3. Quartals perfekt – genau vor dem umsatzstarken 4. Quartal. Sicherlich ist der Handymarkt hart umkämpft, aber ohne Frage wird das Nuvifone ein großer Gewinner für Garmin sein. Daher empfehlen wir die Aktie weiterhin zum Kauf.“
Antwort auf Beitrag Nr.: 34.593.121 von hri am 27.07.08 08:45:26Hallo Garminianer,

morgen kommen Zahlen.
Was meint Ihr?
Positiv oder Negativ?
:confused:
Vorher evtl. verkaufen? Ich bin mir nicht sicher:cry:

In letzter Zeit wurden schon Firmen abgestraft, deren Zahlen die Schätzungen der Analysten getroffen haben.
Ein paar Ausnahmen wurden natürlich auch belohnt, wo die Zahlen am oberen Ende der Schätzungen lagen, bzw. der Ausblick positiver als angenommen, ausfiel. (z.B. Juniper Network)

Obwohl heute ein positiver Tag für den Gesamtmarkt, ist Garmin im Minus.
Es gibt immer Kreise, die mehr Wissen. Trifft das vielleicht zu, oder ist es einfach vor den Zahlen die allgemeine Verhaltenheit?

Eure Meinung würde mich interessieren.

Schöne Grüsse
buyer
Zum Schluss geht es ja nochmal ganz schön nach unten obwohl der Dow stark im Plus ist.
Ich hoffe mal das gibt morgen keine böse Überraschung.
Antwort auf Beitrag Nr.: 34.610.142 von Jackson86 am 29.07.08 22:04:46Zum Schluss geht es ja nochmal ganz schön nach unten obwohl der Dow stark im Plus ist.
Ich hoffe mal das gibt morgen keine böse Überraschung.



:mad:Verdammt, keine Meldung aber der Kurs bei meinem Broker schmirrt ab!
Wird z. Zt. für 26,60 verkauft
In Frankfurt:Bid: 25,00 Ask: 28,00!!!

Habt Ihr schon eine Meldung? Oder was ist los?
Zahlen soooooo schlecht?`

Oder möchte hier noch jemand billig rein?

Falls Infos bitte reinstellen - Danke
Antwort auf Beitrag Nr.: 34.614.326 von buyer10 am 30.07.08 13:46:00Das kann ich nicht ganz nochvollziehen laut Google steigt Garmin leicht. Und die Quartalszahlen sind auch ganz gut ausgefallen wie ich das kurz überflogen habe.
Ich glaub du hast leider doch recht. Ich hatte bei Google den Nachbörslichen Handel gesehen und nicht die Vorbörslichen.
Hab mich gerade mit ca. - 25 % verabschiedet :mad:
Die Quartalszahlen sind nicht schlecht, aber an der Börse wird ja Zukunft gehandelt und der negative Ausblick wird doppelt bestraft.

Die Ausrollung des N-Handy erst 2009 wird sein übriges getan haben!

Allen noch viel Glück!
Reuters
Garmin cuts '08 outlook, delays nuvifone
Wednesday July 30, 10:02 am ET

(Reuters) - Garmin Ltd (NasdaqGS:GRMN - News) slashed its profit and revenue forecasts for 2008, hurt by slower growth in the personal navigation devices (PND) market, and delayed the launch of its smartphone, sending its shares down 13 percent.


It also reported weak second-quarter results.

The biggest U.S. maker of navigation devices admitted that the PND market, which it dominates with Dutch rival TomTom (Amsterdam:TOM2.AS - News), has not been growing as fast as it expected and said consumers were being more cost-conscious than ever.

The outlook cut is the culmination of a tough year for Garmin, as macroeconomic woes, intense competition and several new entrants have weighed on its margins. The stock has more than halved in the last 52 weeks.

For 2008, Garmin sees earnings of $4.13 a share, before items, on revenue of $3.9 billion. It previously expected profit to exceed $4.40 a share on revenue of more than $4.5 billion.

Analysts were expecting earnings of $4.03, before items, on revenue of $4.13 billion, according to Reuters Estimates.

The company expects operating margins to be about 25 percent for the full year.

PND margins are expected to fall further during the second half of 2008, but not as significant as earlier expected due to a better-than-expected pricing environment, Garmin said.

The company has also further delayed the launch of its smartphone, called nuvifone, to the first half of 2009, saying meeting some of the carrier specific requirements will take longer than anticipated.

The company has now pushed back the launch twice. Its initial plan was to launch the nuvifone in the third quarter.

WEAK Q2

Quarterly profit was $256.1 million, or $1.19 a share, compared with $214.4 million, or 98 cents a share, a year ago.

Excluding items, it earned 92 cents a share for the second quarter, missing analysts' average estimate of $1.01 a share, according to Reuters Estimates.

Net sales rose 23 percent to $911.7 million, but came below analysts' expectation of $955.6 million.

It recorded a favorable foreign currency translation of $21.6 million during the latest quarter, as opposed to a loss of $6.1 million a year ago.

Gross margin for the overall business was at 45.8 percent.

Garmin stock was down $6.01 at $39.05 in early trade, making it one of the top 10 percentage losers on Nasdaq.

TomTom was trading down more than 3 percent at 14.89 euros on the Amsterdam exchange.

(Reporting by Purwa Naveen Raman in Bangalore; Editing by Himani Sarkar)
Antwort auf Beitrag Nr.: 34.614.326 von buyer10 am 30.07.08 13:46:00:cry::cry::cry::cry::cry::cry:

Börse kannst Du vergessen!!!!!!!!!

Da wird kurz zuvor noch ein Wert schöngeredet und dann kommt der Hammer!!!!!!!!!

Immer das gleiche Spiel.
Der Kleinanleger ist der Dumme und verliert langfristig so sein Geld und auch die Lust an der Börse zu investieren.

Ich wünsche Euch allen noch viel Spaß beim Geldverlieren.
Ich habe die Schnauze endgültig voll und verkaufe meine ganzen Aktien.
Mein Geld, meine Zeit und meine Nerven sind mir einfach zu Schade.
Die reinste Verarsche:mad:
Servus und noch viel Glück
Meiner Meinung nach ist die Reaktion heute total übertrieben und wenn alle ne Nacht drüber geschlafen haben, dann werde Sie das morgen auch feststellen ^^
Antwort auf Beitrag Nr.: 34.617.886 von Jackson86 am 30.07.08 19:52:47Klar war das total übertrieben, weil Garmin ganz gute Zahlen abgeliefert hat, aber das Management hat den investierten Aktionären einen kräftigen Arschtritt verpasst, indem Sie Ihre eigene Erwartungshaltung verworfen haben. Kann Buyer10 ganz gut verstehen, dass er die Schnauze voll hat, aber ich halte es wie Matthias Sammer "Mund abputzen und weiter machen" hab das restliche Geld in Adidas gesteckt.

Ein Schelm der was böses denkt, wenn man auf der Garmin-Seite keine Investor-Seite angezeigt bekommt, scheint Die wohl nicht sonderlich zu interessieren :(
Wie erwartet heute eine kleine Kurserholung. Die Frage ist jetz nur wie lange sie anhlt.
Garmin closes buyout of its Austrian distributor
Thursday July 31, 4:09 pm ET
Garmin closes purcahse of Austrian distributor Puls Elektronik, to be renamed Garmin Austria

NEW YORK (AP) -- Navigation device company Garmin Ltd. on Thursday said it completed the acquisition of its Austrian distributor Puls Elektronik GmbH.

The company will be renamed Garmin Austria GmbH and retain its management, sales, marketing and supporting staff, consisting of approximately 30 people. It will also continue operations at its current headquarters located in Nestelbach/Graz, Austria.

Financial terms of the transaction were not disclosed.

Shares of Cayman Island-based Garmin gained 48 cents to end trading at $35.67.
aus WSJ:

Garmin Risks Getting Lost
Word Count: 641 | Companies Featured in This Article: Garmin, Palm, Apple, Nokia, British Energy Group, Electricité de France

Garmin Ltd.'s dream, a satellite-navigation device in everybody's hand, is getting closer by the day. Unfortunately a lot of those gadgets are cellphones, not the dedicated devices Garmin makes. That is one reason its shares are down about 70% from a high in October. And as the history of technology group Palm Inc. shows, Garmin's shares may have further to fall.

Palm's personal-digital assistants were ubiquitous in the late 1990s. Its challenge came when cellphone markets boomed, and cellphone makers turned their phones into PDAs. Since people didn't want to carry two devices, they chose their phone. Palm managed the ...
Analysten und ihre Ahnung vom Business....unglaublich:
"Die Deutsche Bank hat das Kursziel für den
Navigationsgerätehersteller Garmin nach Zahlen von 40,00 auf 30,00 Dollar
gesenkt und die Einstufung auf 'Hold' belassen. Die Quartalszahlen seien
enttäuschend ausgefallen, schrieb Analyst Jonathan Goldberg in einer Studie vom
Donnerstag. Konsumenten seien nicht bereit für zusätzliche Funktionen einen
Aufpreis zu bezahlen. Daher blieben nur Preissenkungen als Maßnahme zur Belebung
der Nachfrage.
"

Als Mitarbeiter eines Garmin Wettbewerbers kann ich nur sagen, dass a) der Kommentar "nur der Preis wäre eine Maßnahme zur Belebung" der größte Unsinn ist, den ich jemalas gehört habe, da es etliche PNAs gibt, die für 79€ bis 99€ angeboten werden aber sich niemals lange halten und auf vielen Messen von den Kunden immer mehr nach sinnvollen Features gefragt wird. b) Selbst wenn es zu einem weiteren Preiskampf kommen würde, so wäre Garmin mit Sicherheit am Besten aufgestellt, da niemand in der Branche so kostengünstig Hardware produzieren kann. Des Weiteren ist Garmin mit all seinen Sparten sehr breit aufgestellt und verdient auch mit Outdoor/ Sport Navigation & Marinelösungen Geld. Das Nüviphone ist in der Tat fragwürdig aber auf der anderen Seite eine sehr clevere Lösung um "location based services" ohne verwirrende Zusatzkosten anzubieten.

Ich bin mit 100% sicher, dass spätestens nach den Q4 Zahlen die Kurse hier wesentlich höher stehen und habe daher ne Menge Geld in Garmin investiert. Mal sehn wie gut unser Jonathan analysiert hat.
| 07.08.2008 - 09:19 | Kommentare (2)




Ab sofort bietet der Navigationsgeräte-Hersteller Garmin jedem Käufer eines Nüvi, zumo und Streetpilot C5xx eine 30-Tage-Garantie auf aktuelles Kartenmaterial. Sollte nach dem Kauf des Navigationsgerätes neues Kartenmaterial verfügbar sein, kann der Nutzer es kostenlos updaten. Die 30-Tage-Frist beginnt erst mit der Nutzung des Geräts. So geht kein Tag verloren, wenn ein Navigationsgerät beispielsweise als Geschenk gekauft und erst einige Wochen später erstmalig genutzt wird.


Garmin Nüvi 260

Garmin-Nutzer können unter Einstellungen/System/Karte einfach überprüfen, ob ihr Neugerät über das aktuellste Kartenmaterial verfügt. Die derzeit aktuelle Kartenversion lautet City Navigator V2008. Noch leichter geht es mit einer Registrierung des Gerätes unter my.garmin.com. Hier können Anwender die Software danach direkt online herunter laden. Alternativ lässt sich das aktuelle Kartenmaterial als DVD über my.garmin.com bestellen. Dann muss die Software allerdings noch online freigeschaltet werden.
14. August 2008
« Vorige | Nächste »
Garmin weist auch bei Ford den Weg
Garmin liefert ab sofort für Ford Europa das nüvi 760 für den Nachrüstbereich. Es ist mit einer eigens für den Kölner Autobauer entwickelten Halterungslösung für die A-Säule ausgestattet, die eine ideale Integration des Gerätes in die Fahrzeuge ermöglicht.

Dieser erste Ford-spezifische Navigationssystemhalter ist bei Ford Händlern für die Modelle Focus, C-MAX, Kuga, den neuen Fiesta, Transit und Transit Connect erhältlich.

Betreiber von Ford-Firmenfahrzeugen, anderweitig gewerbliche und private Nutzer können das nüvi direkt innen an der A-Säule montieren, anstatt mit der traditionellen Saughalterung an der Windschutzscheibe. Das Befestigungssystem von Ford wurde so entwickelt, dass es optimal vom Fahrer genutzt werden kann und gleichzeitig umfassende Sicherheitsvorgaben erfüllt. Die Spezialhalterung wird über das Bordnetz mit Strom versorgt. Sie dient als Ladestation für die interne Batterie des nüvi, so dass freiliegende Kabel komplett verzichtet werden kann.

Die Halterung lässt sich durch einen Verkehrsfunkempfänger ergänzen, der das nüvi mit aktuellen Verkehrsinformationen versorgt. Hierzu gehören dynamische Stauumfahrung, optionale Warnung vor Radarfallen und die Möglichkeit über Bluetooth-Verbindung zu telefonieren, so dass die Hände am Lenkrad bleiben können.

Das nüvi 760 verfügt über die modernsten Navigationsfunktionen, die über das große und besonders helle 4,3-Zoll-Farbdisplay sogar bei direkter Sonneneinstrahlung gut ablesbar sind. Mit einem einzigen Antippen des Fahrzeugsymbols können Anwender mit der “Wo bin ich?”-Funktion ihre exakten Koordinaten in Längen- und Breitengrad, die nächstgelegene Straßenadresse und Kreuzung sowie die Krankenhäuser, Polizeistationen und Tankstellen in unmittelbarer Umgebung abrufen. Weitere Highlights sind die Suche nach Postleitzahlen, Routenplanung mit Zwischenzielen und eine Triplog-Funktion für die Anzeige von Fahrstrecken in Google Earth. Ebenfalls sehr nützlich ist die automatische Positionsmarkierung. Das Gerät merkt sich, wo das Fahrzeug abgestellt wurde, und leitet den Fahrer sicher zu seinem geparkten Auto zurück.

Auch außerhalb des Fahrzeugs kann das nüvi 760 als Orientierungshilfe genutzt werden. Das nüvi 760 ist superflach und leicht, so dass es problemlos in jede Jackentasche oder noch so kleine Handtasche passt. Dank optionaler Saughalterung und Stromkabel ist es auch in anderen Fahrzeugen verwendbar.

Neben Ford hat Garmin in Europa OEM-Partnerschaften mit Volvo, BMW, MINI, Mercedes Benz, Suzuki, Honda und Land Rover. In Nordamerika unterhält Garmin mit sechs Autoherstellern Partnerschaften für den Nachrüstbereich für Ford, Mazda, Nissan, Honda, BMW und MINI.
Antwort auf Beitrag Nr.: 34.249.438 von HuskyEnergy am 05.06.08 21:44:40Hallo Garminianer!

Neulich berichtete die kleine OTC-BB - Firma SEAMLESS WI FI NEW Kürzel: SMWF von einer unterzeichneten Kooperationsvereinbarung mit Garmin.

Seamless hat das Patent eines kleinen mobilen Gerätes namens
S-Gen einer Art Blackberry - aber mit aufklappbarer vollwertiger Tastatur.

John Domerego, President of Seamless Internet, Inc. said, “This agreement is a tremendous breakthrough in the development of the S-Gen(TM). We have been very cautious in selecting GPS software to use on our flagship product and Garmin is a world leader in GPS Satellite navigation. There is no one better and we are looking forward to a long business relationship with such an outstanding company.”

Habt Ihr zufällig davon etwas gehört?

Hat sich Seamless lediglich um eine Lizenz der Garmin-GPS-Software bemüht oder besteht ein weitreichender Kooperationsvertrag beider Firmen, der die Formulierung „ long business realionship“ rechtfertigt?


Gruß und Dank

Sternenstaub


PS.Im Zuge des Endes des Börsenzyklus hat der Kurs von Garmin sehr stark nachgegeben und ich befürchte, daß er, trotz glänzender Zukunftaussicht, in den kommenden 1-2 Jahren noch weiter generell fällt; aber um so gewaltiger wird die Kurssteigerung im nächsten Börsenzycklus sein... ;)
Thursday, August 28, 2008 - 8:57 AM CDT
Garmin completes purchase of Portugese distributor
Kansas City Business Journal

Garmin Ltd. has closed on its acquisition of the distributor of its consumer products in Portugal for an undisclosed amount.

The distributor, SatSignal-Equipamentos de Comunicações e de Navegação S.A., will be renamed Garmin Portugal–Equipamentos de Comunicação e Navegação S.A. and will continue operations at its headquarters in Cacém, near Lisbon, Portugal.

The acquisition continues a string of purchases in Europe during the past year. Garmin also has acquired its distributors in, Italy, Germany, Austria, France and Spain.

Garmin, a leading producer of handheld electronic navigation and global positioning devices in the United States, increasingly has tried to push its presence in Europe, where Dutch company TomTom dominates the market for similar devices.

Olathe-based Garmin (Nasdaq: GRMN) ranks No. 7 on the Kansas City Business Journal’s list of area public companies.
Du kannst Garmin momentan technisch traden, der Re-test des letzten Tiefs war gestern erfolgreich und heute geht es aufwärts :cool:
Habe am WE fern gesehen und die neue Nokia Werbung gesehen, wo die GPS-Funktion neuer Nokia-Handys angepriesen wurde.

Überhaupt der aktuelle Handytrend großer Smartphones mit integriertem GPS wie das Palm Treo Pro http://www.palm.com/de/de/products/smartphones/treopro/gps_w…, das ist das Must-Have for den modernen "metropolian warrior"!

Ein Garmin-Navi for mobile Navigation in der Stadt oder zum mobilen Einsatz ins Auto - das war letzte Saison
Antwort auf Beitrag Nr.: 35.040.676 von FischOderAal am 09.09.08 21:09:38Garmin wird ende des Jahres über 30% steigen.
Garmin's Big Troubles Just Get Bigger

10/10/08 - 07:00 AM EDT
, AAPL , ERIC , GOOG , MOT (Stocks Under $10 PICK) , NOK , SNE
Robert Holmes
Robert Holmes

Garmin (GRMN Quote - Cramer on GRMN - Stock Picks) shares have been pointing in only one direction as the economic impact on the consumer and increased competition have hurt the personal navigation device maker.

Those issues, combined with the long-delayed introduction of the company's Nuvifone handset device, should continue to pressure shares over the next few quarters, analysts say.

The Cayman Islands-based digital-navigation gadget maker was a favorite among traders in 2007 when its stock surged 80%, but investors have seen a 75% drop in Garmin's stock this year to $24.35 a share, a new 52-week low. The rapid decline comes as economic conditions have worsened worldwide because of the credit crunch in financial markets.

Garmin's problems began surfacing months ago during its last earnings statement, when CEO Min Kao said that "the sector is not growing as rapidly as earlier anticipated," as a result of a more cost-conscious consumer.

At that time, the company lowered its full-year revenue growth expectations to $3.9 billion and said it expects a profit for the year of $3.86 a share, which excludes a gain from the tender of the Tele Atlas stock. Wall Street is currently expecting Garmin to notch a full-year profit of $3.96 a share on sales of $3.83 billion, according to Thomson Reuters.

Garmin is set to report third-quarter earnings Oct. 29. In addition to traditional financial metrics, analysts will be looking closely at both the number of units shipped in the third quarter as well as the average selling price as an indication of how Garmin is handling the slowdown in consumer spending. Garmin predicted earlier this year that prices for personal navigation devices, or PNDs, would drop 25% in 2008.
27.10.2008 13:30
PREVIEW-Garmin, TomTom may lower full-year outlook

NEW YORK BANGALORE/AMSTERDAM, Oct 27 (Reuters) - U.S.-based navigation device maker Garmin (News) and Dutch rival TomTom (News/Aktienkurs) may lower their full-year outlooks as a squeeze in consumer spending crimps demand.

The industry's top rivals report third-quarter results this week and investors are likely to focus on the near-term outlook and how a looming recession will affect the market for personal navigation devices (PND), one of the fastest-growing consumer electronics categories in recent years.

Last quarter, Garmin, the biggest U.S. maker of navigation devices, said the PND market was not growing as fast as it expected and consumers were becoming more cost-conscious.

Garmin already cut its full-year EPS forecast by 6 percent in July and its revenue forecast by 13 percent and delayed the launch of its smartphone called nuvifone. Given the current macroeconomic slowdown, some analysts expect that there will be a further cut.

The average analyst forecast for 2008 earnings excluding exceptional items now stands at $3.94 per share, below Garmin's forecast of $4.13 per share excluding currency effects, Reuters Estimates data shows. Similarly, analysts expect full-year revenue of $3.81 billion, below Garmin's $3.9 billion forecast.

'Given limited visibility from the macro environment, average selling price pressures, and demand issues, we believe Garmin will further reduce 2008 guidance,' Wedbush Morgan Securities analyst Scott Sutherland said in a research note.

For TomTom, most analysts no longer expect the company to reach its forecast for selling 14-15 million navigation devices this year with the consensus now around 13.8 million, according to TomTom. The revenue consensus stands at 1.93 billion euros, just below TomTom's forecast for 1.95-2.15 billion euros.

This has also raised concerns that the company may need to raise additional capital to meet covenants on debt it took to buy digital map maker Tele Atlas.

STEADY SLIDE

Shares in Europe's biggest maker of navigation devices have fallen steadily over the past year and trade near all-time lows.

At 5.94 euros per share on Monday, TomTom's market capitalisation has dropped below 800 million euros compared with the 2.9 billion euros it paid for Tele Atlas.

Garmin shares have lost more than 80 percent of their value since touching a 52-week high of $125.68 as intense competition and new entrants weigh on its prices and margins. The share closed at $21.26 on the Nasdaq on Friday.

While Wall Street does not seem to be optimistic about the near-term outlook, one thing that stood out was the restraint the two companies showed in pricing their products in the third quarter -- at least in the U.S. market.

'Cutting prices was no longer generating significant incremental demand and they both had the discipline to ease off the pedal and maximize profits rather than volume,' said Yair Reiner of Oppenheimer&Co. 'Pricing has really stabilized, and if anything, has strengthened.'

However, some analysts warned the two companies may again resort to cutting prices in the fourth quarter as they try to gain market share.

TomTom's third-quarter sales are expected at 466 million euros, up from 453 million euros in the second quarter due to the full consolidation of Tele Atlas, the average in a Reuters poll of 13 analysts showed.

TomTom is expected to have sold 2.9 million navigation devices, less than the 3.1 million in the second quarter. Earnings before interest and tax (EBIT) are expected to fall by 16 percent from the second quarter to 77 million euros.

Garmin's earnings are expected at 83 cents, before items, on revenue of $857.9 million, according to Reuters Estimates.

(Editing by David Cowell) Keywords: GARMIN TOMTOM/

Chuck Mikolajczak

cm
Weiß jemand, welches Kartenmaterial Garmin verwendet, - Navtec oder verwenden die eigenes Datenmaterial.

Glaube TomTom hat sich mit Tele Atlas mächtig verhoben.
Die könnten in Finanzprobleme kommen,- das ist wiederum gut für Garmin?? :lick:
Garmin: Orphaned Momentum Stock Enters GARP Sweet Spot
by: The Manual of Ideas December 15, 2008 | about stocks: GRMN / TMOAF.PK
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Garmin (GRMN) is the worldwide leader in personal navigation devices, ahead of Dutch provider TomTom (TMOAF.PK), which has a leveraged balance sheet and is struggling. Garmin continues to grow revenue, and while unit growth has slowed, the market for personal navigation devices continues to benefit from consumer adoption. Profits have stagnated due to rapid ASP erosion; however, price declines appear likely to moderate, enabling the company to continue reasonably strong performance even in a weak economic environment.

We believe the stock has been “orphaned” as momentum investors have fled. We value Garmin at $35-65 per share, based on a range of 10x estimated 2009 earnings to 10x estimated normalized earnings.
BUSINESS OVERVIEW

Garmin provides navigation devices and applications enabled by GPS technology. Products serve auto, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. No customer accounts for 10% or more of revenue.

INVESTMENT HIGHLIGHTS

* Leader in personal navigation devices (PNDs), with 55% market share in North America and 20% share in Europe (#2 behind TomTom). Industry shipments have slowed sharply after growing 100% in the U.S. and 40% in Europe earlier this year.
* Deals with auto makers and car rental firms have boosted Garmin’s market presence. The company has deals with Ford, Honda, and Volvo, as well as National Car Rental and Alamo Car Rental.
* Acquisitions of European distributors have doubled Garmin’s European share since early 2007.
* Planned nüvifone launch in 2009. The nüvifone is a mobile device that seeks to integrate the navigation and communication experience.
* Leading-edge proprietary technology, protected by more than 330 U.S. patents and 190 U.S. patent applications pending; and more than 40 foreign patents and 32 foreign patent applications pending.
* Units, revenue, and EBIT up 55%, 25% and 5%, respectively, YTD. Growth continues to be driven primarily by the auto/mobile and outdoor/fitness segments, while the marine segment has lagged.
* Guiding for 2008 revenue of $3.6 billion (+13%), down from prior guidance of $3.9 billion (+23%), with EPS of $3.78 (excluding forex translation).
* Repurchased $625 million of stock YTD.

INVESTMENT RISKS & CONCERNS

* ASP declines have approximated 25% recently and are expected to do so through yearend 2008. Offsetting the declines are unit volume increases, component cost reductions, and greater efficiency. Inflation could make lower costs tough to sustain.
* Marine and aviation segments have slowed due to higher fuel prices and economic weakness.
* $8 billion Nokia acquisition of Navteq, which supplies digital map data for vehicle navigation and location-based services to Garmin under a deal that runs through 2019. Garmin renewed the Navteq deal in late 2007 and abandoned a proposal to buy Navteq competitor Tele Atlas. Nokia competes with Garmin, calling into question the long-term viability of Garmin’s Navteq partnership.
* €3 billion TomTom acquisition of Tele Atlas. Top Garmin competitor TomTom took control of Tele Atlas in June 2008. This deal puts both major providers of digital map data—Navteq and Tele Atlas—into the hands of Garmin competitors.
* Dependence on Global Positioning System (GPS). GPS is a satellite-based navigation and positioning system consisting of a constellation of orbiting satellites operated by the U.S. Department of Defense. The DoD does not currently charge for access to the satellite signals, but it is conceivable the government could decide to do so in the future.

WHAT ARE THE SHARES WORTH?

* We value Garmin at $35-65 per share, based on the valuation analysis summarized below. The wide range of fair value reflects (1) the difficulty of balancing the potential earnings impact of the current slowdown and the continued positive long-term growth outlook for personal navigation devices; and (2) the virtually impossible task of predicting the multiple of earnings Garmin will deserve in the future. We reflect this dual challenge in fairly conservative assumptions.

WHY THE SHARES MAY BE MISPRICED

* Turnover in “style” of shareholder base. While only a year ago Garmin was a favorite “momentum stock,” it now attracts investors who are both comfortable with a projected earnings decline and willing to own a business experiencing rapid technological change. In other words, the shares may not have found a natural “home” yet, but we believe they are now moving into the sweetspot of “magic formula” and low P/E investors.

TOP COMPETITOR TOMTOM – SNAPSHOT

* TomTom is #1 PND supplier in Europe (45% market share) and #2 globally. It derives more than three-quarters of revenue from Europe, with the rest primarily from North Amrica. TomTom was founded in 1991, went public in 2005 (Amsterdam: TOM2.AS), and has ~3,500 employees today.
* Explosive growth from 2002-07, with revenue up from €8 million to €1.7 billion and net income up from €1 million to €317 million over the period.
* Q3 pro forma revenue down 12% sequentially and down 10% y-y. Favorable sequential but unfavorable y-y ASP trends are evident from the fact that TomTom shipped 2.5 million PND units in Q3, down 18% sequentially and up 17% y-y.
* Guiding for 2008 PND market size of 18 million units in Europe and 18 million units in North America, down from TomTom previous market guidance for 20 million units in each market. TomTom expects to comprise 12-13 million of the estimated 36 million units sold globally, resuling in estimated revenue of €1.6-1.7 billion to TomTom, with 40% gross and 20% operating margins.
* Acquired digital mapping provider Tele Atlas for €3 billion in August, creating a strategic challenge for Garmin, which relies on mapping data provided by Navteq, which Nokia acquired for $8 billion.
* Weak balance sheet, with negative tangible book, $263 million of cash and $1.6 billion of debt.
Garmin Navigating Downturn
Posted Wed Dec 17, 01:45 pm ET
Posted By: Ken Nagy, CFA

Garmin Ltd. (GRMN) is an OEM [original equipment manufacturer] of GPS-based equipment. September quarter results were in-line with the consensus on both the top and bottom lines. All segments were up double-digits in 2007, and are expected to be up again in 2008.

We note that pricing pressures continue to intensify, negating some of the growth in units. Management is optimistic about material prices offsetting ASP pressures in 2008. We see declining profitability for the company.

However, the shares appear cheap, given the current valuation. Consequently, we are reiterating our Buy rating on GRMN shares.
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.
Antwort auf Beitrag Nr.: 36.272.613 von meinolf67 am 29.12.08 09:59:58nochmal nachgelegt
Antwort auf Beitrag Nr.: 36.274.570 von meinolf67 am 29.12.08 14:36:52Vielleicht geht es nochmal auf 15$ runter - bei schlechtem Markt.

Wenn die Marke hält, wäre der Bereich ein guter Einstiegspunkt.
06.01.2009 17:24
UPDATE 1-RESEARCH ALERT-Goldman Sachs cuts Garmin to sell

Jan 6 (Reuters) - Goldman Sachs (News) downgraded Garmin (News) to \'sell\' from \'neutral,\' noting 2009 will likely usher in a multi-year decline in its core portable navigation device market, and added the stock to its conviction sell list.

Shares of the largest U.S. maker of navigation devices were down 4 percent at $21.02 in morning trade on Nasdaq. They fell as much as 11 percent earlier in the session.

\'We believe the current economic slowdown plus increased smartphone GPS usage and limited diversification options will drive material revenue/EPS decline over the next several years,\' Goldman said.

The brokerage lowered its 12-month price target on the stock to $15 from $21.
HRS und Garmin erleichtern Hotelsuche
Das Online-Hotelreservierungsportal und der Hersteller im Bereich mobiler Navigationslösungen ermöglichen ab sofort die Datenübertragung von der HRS-Website auf Garmin-Navigationsgeräte.

Die einfache Suche in der rund 230.000 Hotels umfassenden HRS-Datenbank mit übersichtlicher Ergebnisanzeige führt zur kostenlosen Direktbuchung – samt Sofortbestätigung des tagesaktuellen Hotelpreises. Anschließend kann der User auf der HRS-Buchungsbestätigung die Auswahl „Garmin“ betätigen und die entsprechenden Hoteldaten auf sein Navigationssystem überspielen.

Hierfür genügt es, das Gerät an den PC oder das Laptop des Nutzers anzuschließen - die relevanten Informationen werden dann automatisch übertragen. Im Auto kann man anschließend die Hoteladresse als Ziel auswählen und für die weitere Verwendung speichern oder sich die Umgebung des Ziels auf der Karte des Garmin-Navigationsgeräts anzeigen lassen.
Hab mir gerade das Nüviphone angesehen....Das war's, damit brechen sie sich das Genick. Glaubt Garmin allen ernstes sie könnten mit einem weiteren 0815 Smartphone, welches sich nicht im geringsten vom Wettbewerb abhebt in diesem Markt bestehen. Hätte schon "was besonderes" erwartet.

http://www.tomshardware.com/de/Nuvifone-M20-G60-Garmin-Asus,news-242389.html

Dafür sind sie konsequent im Verlieren von Marktanteilen. Jetzt nur noch im Bereich von 5-6% in Deutschland. Tja: Falscher Fokus, alte Produkte...Lehrbuchhafter Abstieg
21.02.2009 10:10
Top Pick: Auf dem richtigen Weg mit Garmin
Für den Value-Investor Charles Mizrahi vom US-Börsenbrief „Hidden Value Alert“ ist Garmin (News) (ISIN: KYG372601099) aktuell eine aussichtsreiche Aktie.
„Garmin entwickelt, produziert und vermarktet eine breite Palette an Produkten rund um das Thema Navigation, die auf dem GPS-Standard aufbauen. Dieses System ist weltweit verbreitet und ermöglicht die einfache Navigation basierend auf einem Satellitensystem.
Im März 2007 hat Garmin Nautamatic Marine Systems übernommen. Durch diese Übernahme hat Garmin seine Angebotspalette um maritime Navigationssysteme erweitert. Garmin hat in den vergangenen zwölf Monaten einen Free Cash Flow von rund 500 Millionen Dollar erzielt. Die Bilanz ist zudem in einem guten Zustand. So hat Garmin aktuell für jeden Dollar Verbindlichkeiten 2,90 Dollar an Vermögenswerten in der Bilanz. Zudem gibt es keine langfristigen Verbindlichkeiten. Allerdings sind die Gewinnmargen in den vergangenen Jahren zurückgegangen. Dennoch liegen sie mit 24% noch immer auf einem sehr hohen Niveau. Beim Gewinn ist es in den vergangenen fünf Jahren im Durchschnitt um 42,6% nach oben gegangen. Der Return-on-Equity beträgt aktuell 36,4%. Insgesamt ist Garmin ein glänzend geführtes Unternehmen. Bei Preisen von 16,50 Dollar und darunter ist die Aktie ein klarer Kauf. Selbst wenn Garmin den Gewinn nur um 5% steigern kann und weiterhin mit einem KGV von nur 5 gehandelt werden sollte, wird diese Aktie auf Sicht der nächsten fünf Jahre den Investoren einen netten Ertrag bringen.“
Zahlen sind da.

KGV von 4.

800 Mio. cash in der Bilanz.

Was ist eigentlich, wenn TomTom die Grätsche machen sollte?
Garmin's a Survivor

By Rich Smith
February 24, 2009 | Comments (0)


Riddle me this, Fool: When is getting your profits cut nearly in half ... good news?

Answer: When you're GPS device-maker Garmin (Nasdaq: GRMN). In fact, when you're Garmin, a 44% drop in profit isn't just good news; it's fantastic. More to the point, it's good enough for a 5% bump in the stock price (at last count).

As you've probably heard by now, Garmin reported its Q4 and full-year earnings news yesterday:

* Quarterly sales declined 14%.
* Profits declined 44% year over year, causing the company to "miss estimates " by a mile (or by $0.20 per share).

Yet none of this is news to Garmin investors, who've built up thick mental calluses against such numbers. Pulling back and examining the big picture, we see for the year that:

* Revenue rose 10% to $3.49 billion, headlined by 8% growth in the flagship "automotive/mobile" segment and a whopping 26% jump in sales of "outdoor/fitness" navigation devices.
* Per-share profits dropped only 11% to $3.48.
* Free cash flow came in at $743 million, up 41% from last year, and slightly ahead of "net earnings" as reported under GAAP.
* Most important of all (and probably helping boost that FCF number), Garmin stuck by its stated goal of reducing inventories. Year-end levels stood at $425 million, down 16% year over year.

Inventory's key
That last number, Fools, is the key to Garmin's entire investment thesis. It reassures us that management backs its words with deeds.

Nearly as important, though, is how Garmin went about fulfilling its pledge to bring inventories in line with sales trends. Even as the company unloaded its excess inventory, gross margins shed only 150 basis points for the year, while operating margin approached 25%.

Such profits will position Garmin well as it goes head to head with Nokia (NYSE: NOK), Apple (Nasdaq: AAPL), and Motorola (NYSE: MOT) in the smartphone market. (Garmin plans to offer a phone based on Google's (Nasdaq: GOOG) Android platform in the near future.) Among all its soon-to-be-rivals, only Research In Motion (Nasdaq: RIMM) currently boasts an operating margin beefier than Garmin's -- and in case you hadn't heard, Research In Motion has problems of its own.

Foolish takeaway
Admittedly, I've got serious reservations about Garmin's entry into smartphones. It's not a core competency, and the competition here is fierce. Mr. Market clearly shares these doubts, pricing the shares at less than five times free cash flow, despite analyst expectations of 13% long-term growth. But if Garmin can make it work, the shares are a screaming bargain at this price.

So go ahead, Garmin. Surprise us.
Garmin’s Next Phase of Growth
Posted Thu May 21, 01:10 pm ET
Posted By: Ken Nagy, CFA
We highlight Garmin Ltd. (GRMN), Research In Motion Ltd. (RIMM) and Apple, Inc. (AAPL).

Recent market research shows that the next phase of growth in navigation devices will be driven by cell phones. Consumers are attracted by the prospect of carrying a single device that would integrate navigation and communication. The obvious choice is the cell phone, which already has a very high penetration rate, especially in developed economies.

As a matter of fact, GPS capability is expected to provide further impetus to growth in cell phones. Garmin Ltd. (GRMN) already enjoys an important position in automotive navigation, and management intends to leverage this position in the cell phone market.

The first step in this direction is the launch of the company’s own smartphone. Although the cell phone market is relatively more competitive, management expressed enthusiasm about the growth prospects for its nuvifone.

Two nuvifone models will be launched in the first half of 2009

The company announced two nuviphone models. Both phones are feature-rich 3.5G devices incorporating a PND with on-board maps and premium points of interest; UMTS, HSPDA and Wi-Fi data connectivity; a premium mobile web browser; a local search portal that seamlessly integrates navigation functions; SMS; instant messaging and e-mailing; a camera with automatic location tagging and picture navigation; and multimedia functions such as a video recorder, MPEG 4 video player and MP3. Research In Motion's (RIMM) Blackberry is the most popular platform for smartphones in North America. Apple’s (AAPL) launch of the iPhone in Q3 of 2008 met with resounding success, lifting it to the second position.

Management stated that the phones had received favorable response from carriers across the U.S. and Europe, but did not comment on the position with any one of them. It has, however, announced its manufacturing partner ASUS. It is too early to tell to what extent and if at all the nuviphone could cannibalize on the existing PND business.

On the other hand, we tend to think that the nuvifone might enable Garmin to stem some of the PND revenue loss to GPS-enabled phones. We remain positive about the prospects of the nuviphone, and will take a wait-and-see approach toward the situation.
Garmin-Asus bringt erstes Android-Nüvifone

Marktstart spätestens bis März 2010
News vorlesen
vom 03.06.2009 15:33


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Garmin-Asus

Erstes Quartal 2010: So lautet die Vorgabe die sich Garmin und Asus für den Marktstart ihres ersten Smartphones mit Android-Betriebssystem selbst setzen. Am Rande einer Pressekonferenz in Taipei sagte Asus Managerin Jacqueline Yang, dass das neue Nüvifone aber auch schon früher auf den Markt kommen könnte.

Drittes Smartphone

Zu den Preisverstellungen wollte sich Yang allerdings nicht äußern. Garmin-Asus hat bereits auf dem diesjährigen Mobile World Congress (MWC) zwei Smartphones angekündigt. Das Nüvifone G60 mit einem Linux OS und das Nüvifone M20, das Windows Mobile 6.1 Professional nutzt.

Geotagging

Das Android-Nüvifone soll sich mit dem Karten-Dienst von Garmin ergänzen, sagte ein Sprecher von Asus. Über die Geotagging-Funktion ist die Verknüpfung von Bildern mit GPS-Daten möglich. Außerdem soll es weitere ortsabhängige Services geben.

Android-Markt

HTC hatte im letzten Jahr als erster Hersteller mit dem T-Mobile G1 den Android-Markt betreten, mittlerweile gibt es von HTC drei Android-Geräte. In diesem Jahr wollen weitere Hersteller wie Acer und Samsung auf den Android-Markt drängen.
04.06.2009 16:52
Product Safety Recall: Garmin® BlueChart g2 and g2 Vision v2009

Garmin Ltd. (NASDAQ:GRMN), the global leader in satellite navigation, announced today that the company is conducting a voluntary product safety recall of the 2009 version of its marine cartography data card known as BlueChart® g2 and g2 Vision. The affected data cards have been sold between April 8, 2009 and June 3, 2009.

In certain waters, the data card provides inaccurate indications of the depth of the water. This creates a risk of boats going aground, which could result in damage to the boat and/or personal injury.

While Garmin has only received reports of data cards giving inaccurate depth indications in the waters along the coast of Sweden and Denmark, out of an abundance of caution, Garmin has voluntarily chosen to globally recall all 2009 versions of the BlueChart g2 and g2 Vision cards. Garmin has notified relevant authorities about this issue and is working closely with them. No other products are affected by this recall.

Affected products are the 2009 version of the BlueChart g2 in Garmin proprietary card format, BlueChart g2 in microSD/SD card format and BlueChart g2 Vision in microSD/SD card format. Customers are being advised not to use these data cards for navigation.

Affected customers will be provided with a free replacement BlueChart or BlueChart g2 Vision v2008.5. When the 2009 version has been corrected Garmin intends to make it available free of charge to those customers. For more information on the recall and to determine if their cards are affected and eligible for a free replacement, go to www.garmin.com/bluechartrecall.
Garmin: Serious Problem? 3 comments
by: Karl Denninger June 25, 2009 | about: GRMN
Karl Denninger picture Karl Denninger


There is apparently something VERY wrong with a firmware update that got pushed to Garmin Nuvis (one of their portable GPS systems.)

If you have one of these, and have not used it recently, do not until you check with Garmin! If your unit has the "bad" firmware it may go completely dead, requiring replacement.

While Garmin (GRMN) is apparently making good, they are not (as of this time) eating shipping charges back to them nor doing anything for your time without the unit.

There is now a Garmin FAQ entry up on this that has firmware update instructions - IF your unit is displaying "Updating GPS firmware" or similar messages.

If its dead, you're screwed, as the unit will apparently have to go back.

This is a major design defect, folks, and if it is also the case for other Garmin products, this has the potential to cause serious trouble for Garmin, and serious COST to them.

Of late, manufacturers have gotten into the habit of putting field-upgrade capability into their hardware. Garmin has done it for a long time. This is generally a good thing, as it allows new features and bug fixes to be distributed.

HOWEVER, it is absolutely essential that all such devices have a HARD ROM area that cannot be overwritten or damaged, and a means for the consumer to get back to that ROM entry. This "zero loader" capability means that if you screw up an update, or the manufacturer sends you an update that blows your device up, it is recoverable without sending the unit back to the factory by entering that "zero loader" and re-flashing the firmware.

Garmin apparently has omitted this safety feature and good engineering practice in their units - another buck or two's worth of cost in the form of a permanent PROM with a boot loader in it, which can't be overwritten and which is accessed by holding down a button or similar while powering on.

As a result they are now going to get socked with returns of these devices and the reprogramming cost, which they will eat.

This hasn't shown up in their stock price - but it very well might.

Hattip JFedak on the forum for the original story.
Garmin's Future Is Just Too Cloudy
by: Steve Alexander June 26, 2009 | about: AAPL / GOOG / GRMN / LGERF.PK / PALM / RIMM / SNE
Steve Alexander

It wasn't very long ago that Garmin was a popular stock with the growth investing set. Today, with an 21% earnings yield and a place in the Magic Formula Investing screen, the company is firmly in value stock territory. What happened to bring this rocket stock back to earth, and have investors overreacted?

For those unfamiliar, Garmin (GRMN) is one of the leading manufacturers of global positioning system (GPS) devices worldwide. The company sells products in four segments. Automotive, which consists of in-dash or mounted units in vehicles, accounts for 59% of revenues, although only 8% of operating profits. The Outdoor/Fitness segment, consisting mainly of Garmin's handheld personal navigation devices (PNDs), contributes 18% of revenue and 49% of profits. The Aviation unit, which builds devices for use in aircraft cockpits, delivers 14% of sales and 25% of income. Lastly, the Marine unit, which produces positioning systems for water bound vessels, contributed 9% of sales and 18% of profits.

The GPS market a few years ago was a very fast grower - Garmin between 2004 and 2008 delivered impressive annualized growth of over 50% for both sales and profits. This growth was capitalized by the few dedicated providers of devices, most prominently Garmin and competitor TomTom. However, the competitive picture is vastly different today than it was even back in 2007.

While the GPS market should still benefit from healthy growth (unit sales are predicted to triple 2008 levels in 3 years), there is voracious competition that will limit the profits for all. GPS is almost a commoditized feature in small consumer electronics now. Not only does Garmin compete with TomTom and Magellan, but also devices from big consumer electronics makers like Sony (SNE) and LG Electronics (LGERF.PK), as well as many bargain bin Asian electronics brands overseas. Perhaps most concerning is the trend towards GPS features in so-called "smartphones". The features and implementation in Apple's (AAPL) iPhone or Palm's (PALM) Pre are (or will soon be) virtually identical to the handheld or car mounted units produced by Garmin. Competition is most evident in gross margins, and here a very stark degradation can be seen:

Garmin's Gross Margin
TTM 2008 2007 2006 2005 2004
43.8% 44.5% 46.0% 49.7% 52.1% 53.9%

To combat these threats, Garmin has been developing its own entry into the phone space, the nüvifone. While MagicDiligence sees why the company would take this route, the chances for success are pretty slim, especially going up against established and popular competitors like the iPhone, Blackberry (RIMM), and now Palm and Google (GOOG) Android phones. Execution is also in question, as the nüvifone has already been pushed back almost a year now.

For these competitive reasons, MagicDiligence cannot recommend Garmin as a Top Buy. In fact, I don't recommend MFI investors consider Garmin as a holding. The future is just too cloudy here, the competition too strong.

It's too bad, too, because Garmin has a lot of good qualities. The company is very financially strong, with a huge cash chest of $940 million with no debt. It is one of the few high tech companies that pays a dividend, in fact a pretty substantial 3.4% yield at the time of this writing. Free cash flow margin has routinely come in above 20%, which is exceptional, and return on capital on both a normal (48%) and MFI basis (73%) remains excellent. Co-founder, CEO, and Chairman Min Kao owns a massive 22% of his company, and his executive bench is experienced and deep.

In any other, less competitive market, Garmin would be an easy recommendation. In the fast moving and highly competitive GPS market, however, today's valuation does not look unduly cheap.

Disclosure: Steve owns no position in any stocks discussed in this article.
Garmin-Asus To Release Oft-Delayed Nuvifone

The location-centric smartphone will be coming out 18 months after it was first introduced.

By Marin Perez
InformationWeek
Juli 24, 2009 04:15 PM




Garmin (NSDQ: GRMN)-Asus Nuvifone
(click for image gallery)

Smartphone fans won't have to wait much longer to get their hands on Garmin-Asus' Nuvifone, as the company said it will be shipping the GPS-centric device this month to select Asian markets.

The touch-screen handset was first introduced by Garmin in January of 2008, and its location-based features made some industry watchers think it could be a decent alternative to Apple's iPhone. But the handset has faced multiple delays as Garmin struggled to create a Linux-based mobile operating system from scratch, and Apple has already released two new iPhone models since Garmin first announced its handset.

Since the announcement, Garmin has teamed with Asus to manufacture and develop smartphones, and it will be using more established operating systems like Windows Mobile and Android for future handsets.

The handset will be branded the Nuvifone G60, and it will come with integrated Wi-Fi, GPS, 3G, Bluetooth, and over-the-air e-mail capabilities. It will come preloaded with maps of North America and Europe, and it will offer audible turn-by-turn directions. The company said the smartphone will have strong integration with a user's location for things like social networking, mapping, and other services.

"Our lives are all about location. The Nuvifone is designed around that premise and that's what differentiates it from the myriad of other phones on the market," said Cliff Pemble, Garmin's president, in a statement.

It is unclear how well the device will do against the competition, as competitors like Apple, Nokia (NYSE: NOK), HTC, Palm, and Research In Motion (NSDQ: RIMM) have released devices that are arguably more advanced than the Nuvifone. Additionally, Garmin-Asus' handset likely won't have an application infrastructure for buying and downloading new programs, and this is becoming an increasingly important factor for smartphones.
Aug 16, 2009, 12:58 p.m. EST
Garmin bids for U.K.'s Raymarine: report


By Polya Lesova, MarketWatch

NEW YORK (MarketWatch) -- Raymarine, the British manufacturer of marine navigation equipment, has received a takeover offer from much bigger rival Garmin, the Sunday Times reported without attributing the information to a source.

Portsmouth, U.K.-based Raymarine has been seeking a partner to help it deal with declining profits and rising debt, the British newspaper said.

Garmin Ltd., based in the Cayman Islands, provides navigation and communication devices for the automotive-mobile, outdoor-fitness, marine and general-aviation markets.

Raymarine is valued at around 10 million British pounds (about $17 million), while Garmin is valued at nearly $6 billion, according to the report.

Garmin has its own difficulties. In early August, it reported a decline in second-quarter net profit, attributed to the global recession.
:confused:sell on good news maybe.
sehr gute zahlen bei garmin,aktie schmiert ab, die unsicherheit ist gross,
vorallem weil man die konkurenz mit den vielen navihandys
einbezieht.

navihandys gibts nun schon eine weile und obwohl garmin sein neues handy erst jetzt allmählich auf den markt bringt,schreiben die mit dem restlichen geschäft ganz ordentliche zahlen.

vielleicht irrt der markt ganz einfach .
garmin steckt viel geld in forschung und entwicklung,bringt ständig neue geräte auf den markt und aufgrund der unternehmensgrösse können die im vergleich zu den grossen firmen
wie apple, nokia, rim, usw.auch schneller wachsen.

wir werden sehen der markt ist gross garmin ist eine etablierte
marke da gibt es sicherlich auch schon eine treue ;);)fangemeinschaft;);)
Habe heute früh mal die Gelegenheit genutzt und mehrere 100 Stück Garmin eingesammelt. Aktuell scheint sich der (Gegen)trend ja zu bestätigen :)

Naja warten wir mal die nächsten Tage ab.

Gute Käufe allerseits.
FKM
Time to Buy Garmin?

By Rich Smith (TMF Ditty)
November 5, 2009 | Comments (5)


By every conceivable measure, Garmin (Nasdaq: GRMN) reported a blowout third quarter yesterday -- so why did the shares collapse? More curious still, why are they reinflating this morning in the face of a downgrade from Wall Street's RBC Capital Markets? Let's review:

* Garmin sold $781 million worth of product last quarter, down 10% year over year.
* However, higher average selling prices (ASPs) on new products introduced in the quarter helped boost gross margins more than eight full percentage points to 52.4%, and operating profit margins held on to most of these gains -- up 570 basis points to 30.3%.
* With the result that profits exploded upward to $1.07 per share, a 30% year-over-year jump.
* Best of all, free cash flow comes to $813 million year to date, more than double the $402 million Garmin had generated by this time last year.

What's bad about that?
Not a thing. And in fact, if you look at the trading action, it becomes apparent that investors loved the results. What they couldn't stand was the guidance.

Post-earnings, you see, Garmin held its customary conference call with the analysts. It was here that we learned that the strong ASPs enjoyed in the third quarter won't survive long into the fourth quarter:

* Unit shipments of personal navigation devices will increase sequentially heading into the Q4 Christmas season.
* But "pricing and margin [will remain] in line with 2008 levels" -- erasing at least some of the gains in profitability enjoyed in Q3.
* Revenues should be flat year over year in fitness, and down in aviation. (With small airplane sales suffering across the board, from Embraer (NYSE: ERJ) to General Dynamics to Textron (NYSE: TXT), we didn't really need management to tell us that add-on equipment for planes might suffer.)

All of which adds up to the following: Q3 was great, but it won't repeat next quarter.

Foolish final thought
As if Garmin bulls didn't have enough to worry about with the margin troubles, Chief Operating Officer Cliff Pemble confirmed that Garmin's answer to smartphones from Motorola (NYSE: MOT), Research In Motion (Nasdaq: RIMM), and Apple (Nasdaq: AAPL) -- the nuvifone -- is enjoying "relatively slow" sales. So slow, in fact, that Garmin's cutting the device's price to $199 when sold through AT&T (NYSE: T).

Such a deep cut, so soon after the phone was introduced, confirms my thinking back in September: Pricing nuvifone so far above the competing iPhone (which can cost as little as $99 with the same AT&T two-year contract) was foolish-without-the-capital-F.
Es läuft wirklich ausgezeichnet. Nach 8 Tagen exakt 20% Plus. SO kann es weitergehen. :)
Ca. Mitte Dezember gibt es übrigens auch eine Dividende, das dürfte den Kurs in Richtung 40$ auch etwas festigen.

Gruss
FKM
08.01.2010 18:32
Garmin: Konkurrenzdruck durch Smartphones weniger schlimm als befürchtet - sagt Broker
Cayman Islands (BoerseGo.de) - Technologie ist heute an der Wall Street wieder gefragt. Zu den Gewinnern zählt Garmin. Der Anbieter von Navigationsgeräten, der auf den hoffentlich schneefreien Cayman Islands residiert, bekommt heute Rückendeckung von RBC Capital Markets.

Der Broker beförderte das Nasdaq-Papier von Underperform auf Sector Perform mit Kursziel $33. Der Konkurrenzdruck durch iPhones und ähnliche Smartphones, die ebenfalls Navigationsdienste anbieten, sei nicht ganz so schlimm wie befürchtet. Die Leute würden trotzdem die Geräte von Garmin kaufen.

Garmin gewinnt 4,1% auf $33,40.
18.01.2010 14:23
Garmin® Launches BirdsEye™ Satellite and Aerial Imagery

Subscription Service Gives Customers Industry-Leading Mapping Options

Garmin International Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), the global leader in satellite navigation, announced today that it will begin offering BirdsEye Satellite and Aerial Imagery, an annual subscription service that gives users the option of loading highly-detailed photo-based maps to select Garmin handheld navigators.

"Without a doubt, BirdsEye Satellite Imagery reinforces Garmin as the leader in outdoor cartography," said Dan Bartel, Garmin's vice president of worldwide sales. "Whatever the occasion, outdoor explorers can find the ideal Garmin handheld and accompanying maps to complement their specific requirements."

BirdsEye Imagery is raster-based, meaning it is compiled using actual aerial photos and images that are scanned, geo-referenced and overlaid onto the handheld GPS receiver's display. Unlike vector cartography, the resulting images depict actual buildings, vehicles, roads, trails, and land features found nearby - giving explorers a unique understanding of their surroundings.

The images are among the most highly-detailed available - offering 0.5 meter per pixel resolution in many areas of the United States. Users can also view imagery at every zoom level - from 12 miles to 20 feet - unlike other offerings that force users to stay at pre-determined zoom levels. BirdsEye Satellite Imagery also lets users overlay vector maps, to get a better idea of terrain contours and points of interest. The data is collected by DigitalGlobe, a leading global provider of commercial high-resolution world-imagery products and services.

"With today's innovations in geospatial technology, having a true sense of 'place' is no longer a guessing game but a reality," said Jill Smith, chairman and chief executive officer of DigitalGlobe. "Our industry-leading satellite constellation and aerial network allow us to collect the most current imagery that, when combined with Garmin's devices, offers users an accurate picture of their environment wherever they are. We are excited about the possibilities that this opens up for users."

In practice, BirdsEye Satellite Imagery can help make time afield more productive and enjoyable. Hunters can easily identify potential tree stand locations, draws, and natural game funnels. Hikers can quickly locate trailheads, campsites, and scenic vistas. Geocachers can better assess terrain difficulty and parking areas close to caches. Even tourists and travelers can navigate amusement parks or historical battlefields like never before.

This imagery can be displayed on Garmin's Oregon®, Dakota™, and Colorado® series of outdoor navigators. An annual subscription is $29.99, and it allows the user unlimited downloads for a single Garmin device. Customers use Garmin's free BaseCamp™ application (www.garmin.com/basecamp) for the PC or Mac to quickly load and easily manage BirdsEye data. For armchair trip planning and review, subscribers can view the same BirdsEye imagery on their PC or Mac when their applicable device is connected.

BirdsEye Imagery is only the latest cartographic advancement from Garmin. In addition, Garmin Custom Maps is a free and simple utility that transforms paper and electronic maps into customized downloadable maps for Oregon, Dakota, or Colorado handhelds. The power of Custom Maps is exemplified through paper and digital maps labeled for specific events and purposes, such as a college graduation invitation that lists campus buildings; a roadmap of a parade, marathon, 5K or bike race; a park pamphlet showing trailheads; land-management maps of wildlife and game areas; or a historic illustration of an area as it once stood. For more information, visit www.garmin.com/CustomMaps.

BirdsEye Satellite and Aerial Imagery will be available in March 2010. For more information, visit www.garmin.com/birdseyesatimagery.
Antwort auf Beitrag Nr.: 38.757.864 von R-BgO am 18.01.10 15:48:18weiss jemand wie gut sich die handys von garmin verkaufen?
bei saturn in österreich noch nicht erhältlich.
Cramer’s Bottom Line on Garmin
Filed Under (Company Research, RazorWire Recap) by Ockham Research Staff on 12-02-2010
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“One of the charts I use, professional sellers are tearing this stock to pieces. And there really isn’t any sign of large scale institutional buying. Garmin was rallying nicely ever since July, okay? Then it hit a brick wall. During the week of October 30, it fell 20% after Google said it would offer GPS services in its Android smart phones…

Here’s the bottom line on something like this: Garmin’s business may be able to hold out for a while in the near term, but the big money is betting against it, and the long-term story, which is unacceptable to me. You don’t buy a stock on life support when you know it’s in terminal condition ultimately. Why buy this company that sells a commodity product when so many proprietary technologies with faster growth or higher dividends are out there? I’m saying that Garmin is a sell, sell, sell.” — CNBC’s Mad Money 2/11/2010

Garmin Ltd. (GRMN) is a stock that on paper is a value investors dream; pristine balance sheet, sells for 10.7x TTM earnings, with a yield of almost 2.5%. However, there is a real problem with Garmin’s business model as a leader in the field of GPS technology, which has increasingly become available for free as a feature on hugely popular smart phones. For a company that is so reliant on this increasingly commoditized technology, this situation presents a serious threat to future growth.GRMN

Over the last year or more, Cramer has been outspoken about one of his favorite investment themes: the mobile Internet tsunami, which he claims will rival the personal computer for its transformational influence on technology stocks. He compares Garmin’s personal navigation devices to the PDA devices that were popular just a few years ago. The smart phone has completely cannibalized that market, as phones can handle contacts and calendars at least as well as a PDA ever did. Why carry two devices when one will do the job? These days he thinks GPS will follow the same fate, as they are similar in their utilitarian nature to PDA’s, as opposed to digital cameras and MP3 players which are used more for leisure activities.

The good news is that so much of the pessimism of this situation has been priced into Garmin’s stock price. Strictly looking at the numbers Garmin remains attractive, as current price-to-cash earnings is 9.6x or just below the historically normal range of 9.7x to 24.3x. Furthermore, price-to-sales per share is only 2.2x which compares favorably to the historical range of 2.9x to 6.9x. Of course the higher end of this range comes from the period of 2005 to 2007 where the company was growing earnings by an amazing 52% to 64% annually, and we cannot envision any situation where the stock receives that kind of valuation. These valuation ranges become significantly more attractive if you were to take out the company’s $9 per share in cash on hand, but those historical valuation ranges include cash on hand so it is more instructive to leave it as is. The huge cash pile will give Garmin some amount of flexibility in the coming years, and that is not to be dismissed.

Our methodology is value-oriented and our most important factors come from the fundamental strength of the stock, which is plainly obvious from looking at our overwhelmingly positive historical valuation chart. However, we agree with Cramer that the long term prospects for the business model are distressing, and this could be the dreaded value trap. At the very least, it appears Garmin will need to reinvent themselves which can often be long and arduous process. Although this stock looks like a value investors dream, we cannot advise holding this stock for the long term.
Garmin® Announces Proposed Change in Place of Incorporation and $1.50 Per Share Dividend
Posted March 17, 2010 | 06:10 AM in Corporate | Permalink
CAYMAN ISLANDS/March 16, 2010/PR Newswire/ - Garmin Ltd. (NASDAQ: GRMN) announces that its board of directors has unanimously approved moving the place of incorporation of the company from the Cayman Islands to Switzerland. Garmin’s shareholders will be asked to vote in favor of the proposed change in place of incorporation, also known as a redomestication, at a shareholders meeting, which is expected to be held on May 20, 2010. The redomestication will also be subject to approval of the Grand Court of the Cayman Islands. If the redomestication is approved by Garmin shareholders and the Grand Court of the Cayman Islands, it is expected that a new Swiss company, also called Garmin Ltd., would replace the existing Cayman Islands company as the ultimate public holding company of the Garmin group and each shareholder will receive one share of the Swiss company for each share held of the Cayman Islands company.

The original parent company of the Garmin group was Garmin Corporation, a company incorporated in Taiwan. Under the legal framework of Taiwan at the time of Garmin’s initial public offering in 2000, it was not practical for Garmin Corporation to offer its shares in the United States. Therefore, Garmin Ltd. was formed in the Cayman Islands in July 2000 as a holding company for Garmin Corporation in order to facilitate the listing of its shares on the NASDAQ stock market in the United States.

“Following a thorough review, we have determined that it is in the best interest of Garmin and its shareholders to change the jurisdiction of incorporation of our group parent company to Switzerland,” said Dr. Min Kao, chairman and CEO of Garmin Ltd. “Switzerland is centrally located in Europe in close proximity to our major Western and Eastern European markets.”

“Garmin’s footprint in Europe has grown considerably, through the acquisition of our distributors in ten European countries during the last four years, plus our recent establishment of an office in Poland. The Swiss office will provide a base for expansion of certain corporate functions in Europe and a more favorable structure from which it would be possible to acquire or partner with European businesses. We believe that the change of our jurisdiction of incorporation will enhance our global business operations and reputation consistent with our status as an international company with significant operations in Asia, North America, as well as Europe. Switzerland also offers a well-developed corporate, legal and regulatory environment with an extensive network of tax treaties with other countries,” said Kao.

Garmin does not expect that the redomestication will have any material impact on its financial results. Assuming completion of the redomestication, shares of the Swiss company would be listed on the NASDAQ Global Select Market under the symbol “GRMN”, the same symbol under which Garmin shares are currently listed. The Swiss company would remain subject to the U.S. Securities and Exchange Commission (“SEC”) reporting requirements, the mandates of the Sarbanes-Oxley Act and the applicable corporate governance rules of NASDAQ. In addition, the Swiss company would continue to report its consolidated financial results in U.S. dollars and under U.S. generally accepted accounting principles.

Details of the proposed redomestication are provided in Garmin’s preliminary proxy statement, filed today with the SEC.

Since Swiss law does not permit shareholder rights plans, Garmin Ltd’s board of directors has approved an amendment, subject to the approval of the redomestication by Garmin’s shareholders and the Grand Court of the Cayman Islands, to change the expiration date of the rights issued under the company’s shareholder rights plan from October 31, 2011 to the effective date of the redomestication to Switzerland, which is currently expected to be June 27, 2010. Accordingly, as of the effective date of the redomestication, the rights under such plan will expire and no longer be outstanding.

Garmin Ltd. also announces that its board of directors has approved the payment of a 2010 annual cash dividend in the amount of $1.50 per share, a one-time increase from $0.75 per share. The dividend is payable to shareholders of record on April 15, 2010 and will be paid on April 30, 2010. The one-time increase of the annual dividend to $1.50 per share is reflective of the company’s strong cash position and expected ongoing cash generation in 2010. “We remain confident in our long-term ability to grow our business and remain committed to research and development to fuel growth and innovation in the coming years, but given our strong 2009 results and cash position, we can also provide this one-time increase in our annual dividend,” said Dr. Min Kao, chairman and CEO of Garmin Ltd. The timing of the 2010 annual dividend payment has been changed from the usual date in December due to the proposed redomestication which, under Swiss law, would otherwise require that another shareholder meeting of the new Swiss company be convened to approve the dividend after the redomestication is completed.
Garmin's Dividend Hike: Just a One-Time Deal
by: Chad Brand March 18, 2010 | about: GRMN
Chad Brand

Despite reports on CNBC Wednesday that GPS maker Garmin (GRMN) had doubled its annual dividend from $0.75 to $1.50 per share, a thorough reading of the company’s press release shows that this increase is “one-time” in nature, meaning that Garmin has decided to add $0.75 to its dividend this year, but that investors should not assume it will necessarily stay at that level in 2011 and beyond. A few firms choose this type of dividend policy; paying out a standard rate every year and then, based on cash flows at the time, perhaps choose to pay out special dividends as well. Oil driller Diamond Offshore (DO) is another company that uses this policy.

Had Garmin actually boosted its core dividend to $1.50 per share, it would have been very good news (technology firms typically do not sport 4%+ dividend yields), but without assurances that this is not just a one-time event (the company actually used “one-time” in its own handpicked wording) investors who bid Garmin stock up $2 on Wednesday based on an extra $0.75 of dividends may be a bit optimistic.

I wrote about Garmin recently (Introducing Smartphones Unlikely To Save GPS Hardware Firms Like Garmin) and although the stock is not expensive based on current earnings, I simply do not think the fundamental story for standalone GPS device makers is all that positive. As more and more devices come equipped with GPS capabilities in the future, profit margins are set to decline. If margins do drop, low P/E ratios today may be giving investors a false sense of security, as earnings could fall faster than revenue. Below is a look at some other large cap hardware companies along with their current trailing twelve month price-to-sales ratios.

I use price-to-sales as my preferred metric here because I do not have confidence that Garmin will be able to keep its margins as high as they have been in the past. Traditionally the hardware industry has been characterized by lots of competition and low margins. As you can see from the data provided, only a few unique firms can really maintain high margins in the hardware space (Apple (AAPL) and RIM (RIMM) are leading the way right now due to product and brand loyalty). Low price-to-sales ratios indicate low profit margins because investors know that a lot of revenue per share is needed to made good money selling products.

Not only do I continue to be cautious on Garmin from a fundamental perspective, but Wednesday’s announcement and investors’ reaction to it (with help from some confusing reporting on the dividend hike) made it worth mentioning again.

Disclosure: Peridot Capital clients had no position in Garmin at the time of writing, but positions may change at any time.
Garmin bids 15p a share for Raymarine

Wed 28 Apr 2010

LONDON (SHARECAST) - Garmin has launched a 15p a share bid for rival marine electronics firm Raymarine.

The bid, which values fully listed Raymarine at £12.5m, was launched just before the close of trading. Garmin believes that it can obtain the merger clearances it will need for the acquisition to go ahead. Garmin is a much larger business with revenues of $2.95bn in 2009 – around 14 times Raymarine’s revenues.

Garmin says that Raymarine approached it in June 2009 but talks ended in December. Garmin contacted Raymarine on 1 April and this bid is the result.

Raymarine had net debt of £91.6m at the end of October 2009.

Last week, Raymarine said that another potential bidder was thinking of buying the operating subsidiary rather than bidding for the holding company. In this case, Raymarine would pay off its borrowings and it estimates that it would still have 4p a share available to return to shareholders.

Raymarine’s board has not reacted to the Garmin bid.
Antwort auf Beitrag Nr.: 39.422.028 von R-BgO am 28.04.10 23:27:0814 May 2010
RAYMARINE PLC (“RAYMARINE”)
On 29 April 2010, Raymarine announced that it was in advanced discussions with a third party regarding a sale of Raymarine Holdings Limited, representing the entire business operations of Raymarine and its subsidiary undertakings. In that announcement Raymarine stated that, were that transaction to be completed, it envisaged that approximately 17.5 pence per share would be available for return to Raymarine shareholders. That third party has now informed Raymarine that it is no longer willing to proceed with that transaction. It has, however, informed Raymarine’s banking syndicate that if Raymarine were to enter into administration it would be willing to enter into a transaction with the administrator to acquire Raymarine Holdings Limited for a consideration that is likely to equate to approximately 17.5 pence per Raymarine share (before the costs associated with an administration) in addition to providing for the repayment of the Raymarine group’s banking facilities. The party has indicated that any acquisition of Raymarine Holdings Limited would need to be completed today, 14 May 2010.
As previously announced, Raymarine is not compliant with the covenants that are a requirement of its borrowing facilities being available and since the first half of 2009 has been operating under a series of short term covenant waivers. The most recent covenant waiver expired at 11.59pm on 13 May 2010, and very shortly before that covenant waiver expired Raymarine’s banking syndicate informed the Company that they are not willing to grant a further waiver at this time.
The Board is in urgent discussions with its banks to seek to resolve the situation. A further announcement will be made in due course.
08.07.2010 12:02
Garmin: The Shocking Costs of ''Free'' Navigation


Using "free" navigation abroad could cost over *20p per mile in roaming charges

185 mile Calais to Paris trip costs *£24 to £39 in roaming charges one way, *£52 to £78 return journey

Garmin, global leaders in satellite navigation**, today revealed the cost of using "free" satellite navigation on your mobile phone abroad. Users can rack up a phone bill more expensive than the cost of their fuel used for the journey.

The company found that using one of the most well known turn-by-turn navigation services on a mobile phone generated a bill of £36 in data roaming charges for a journey from Calais to Paris - some 185 miles - meaning a cost for navigation alone of over 20 pence per mile.

Garmin's Head of Communications, Anthony Chmarny said: "Using free satellite navigation isn't as free as it would like to make out, especially when you are using your mobile phone abroad. Many of the well known navigation products use the mobile phone network to download maps as they go, meaning people could end up with a nasty shock when their mobile phone bills arrive - the costs could be double that of the fuel used for the journey they were navigating.

"We tested the route from Calais to Paris four times and each time it came up with the same results: between 12-13 megabytes of data per journey. On a pay as you go mobile phone this meant £36 to £39 to get from Calais to Paris - some 185 miles on a contract plan the cost is a little less, but still equates to £24 to £26 per single journey."

The European Union has confirmed that from 1st July 2010, users will be able to use €50 of data whilst abroad before being cut off (unless they request otherwise). Chmarny added "For someone using so called "free" navigation abroad this could leave them in the absurd position that they get half way through a journey and no longer have access to navigation to complete it."

"We are encouraging anyone driving abroad this year on holiday to be aware of the costs. Sometimes it can be difficult to tell whether a mobile phone application has maps included or if it relies on the mobile network to download maps, which can lead to huge mobile bills. All Garmin's nüvi range of sat navs and Garmin Asus Smartphone's have on-board mapping*** and do not need to download data information, so users know that when it comes to navigation there are no hidden costs of using their Garmin device abroad."

The Garmin range of sat navs start from as little as £89.99 and most models come with lifetime traffic and speed camera databases.

The top 10 travel destinations in France (according to Travelerinc.com) along with the cost of using satellite navigation on a mobile for a return journey from Calais if maps are downloaded over the mobile network (based on 20 pence per megabyte):

1. Paris, 185 miles, £74
2. Avignon, 614 miles, £245.60
3. Saint-Tropez, 730 miles, £292
4. Grenoble, 540 miles, £216
5. Marseille, 667 miles, £266.80
6. Lyon, 474 miles, £189.60
7. Cannes, 747 miles, £298.80
8. Bordeaux, 540 miles, £216
9. Valence, 539 miles, £215.60
10. Saint-Etienne, 510 miles, £204

*Journeys carried out from 19-22nd June 2010 using an Android mobile phone with an O2 UK pay as you go SIM card and an O2 UK data plan. - Navigation service used was Google Maps Navigation - All other data services disabled for the journey - The test journeys did not include any speed camera data or traffic data charges - Different operators charge different costs for data roaming so overall charging example may differ.

**According to Canalys report for sat nav sales made in 2009

*** Depending on specific nüvi models
Garmin's Innovative Touchscreen Flight Deck Available for Large Jets

Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the global leader in satellite navigation, announced today that it is developing a revolutionary, integrated flight deck for the Part 25 business jet market. The Garmin G5000 is designed specifically for crew-flown turbine aircraft and combines a dual multi-sensor flight management system (FMS), touchscreen vehicle management units, and multi-pane cockpit displays. These widescreen displays with touchscreen controls give pilots more useful information at their fingertips than ever before such as worldwide weather, Garmin's synthetic vision technology (SVT™), aircraft synoptics, electronic flight charts, and more.

"We're eager to serve the Part 25 market and are confident that our fully integrated flight deck and award-winning customer support will exceed the expectations of flight departments and aircraft manufacturers in this segment," said Gary Kelley, vice president of marketing. "Like other Garmin products, the G5000's architecture is designed with future growth and technologies in mind. Customers and aircraft manufacturers will be able to add significant capabilities to the system in the future, often without requiring additional hardware."

On the big screen

The G5000 features WXGA high resolution, wide aspect ratio (12-inch or 14-inch diagonal) primary flight displays (PFD) and multi-function displays (MFD). Because the G5000 is scalable, aircraft manufacturers can choose as many displays as cockpit real estate will allow.

The landscape oriented screens have multi-pane display capability that allows multiple pages to be viewed side-by-side on any of the screens. Therefore, pilots can simultaneously view maps, charts, checklists and aircraft systems synoptics, TAWS, TCAS, flight planning, weather or video input pages.

Touch and go

Combining and leveraging the experience gained from designing and delivering over 37 million automotive consumer products and over 7,500 integrated avionic flight decks, the G5000 has a vehicle management system with an infrared touchscreen interface that is easy to understand and use - pilots simply touch what they want to change. The vehicle management system has a desktop-like menu interface with intuitive icons, audio and visual feedback, and animation so that pilots know exactly how the system is responding to their input. The touchscreen also enhances ease of use through common sense functions like "back" and "home" that let pilots quickly retrace their steps or return to the home screen.

The vehicle management system also incorporates three conventional controls at the bottom of the display: a volume control knob, dedicated map joystick, and dual concentric knobs for data entry. Pilots may choose to use the knobs instead of the touchscreen to enter information and the knobs' functions are always labeled on the display.

Advanced technology and capabilities

The G5000 integrated flight deck is expected to satisfy the global operational requirements of emerging NextGen (Next Generation for U.S. airspace) and SESAR (Single European Sky ATM Research) initiatives.

The G5000 includes a three-axis, fully digital, dual channel, fail passive autoflight system, and has the ability to provide tightly integrated auto-throttle capability. It also has the features pilots have come to expect in this class of aircraft such as wide area augmentation system (WAAS) technology that enables GPS-guided LPV "glidepath" approaches to ILS-comparable minimums without reliance upon ground-based navaids. Additionally, the G5000 has planned growth to provide RNP procedures, including RNP SAAAR (required navigation performance special aircraft and aircrew authorization required).

Displayed on the G5000's widescreens, Garmin's SVT presents near life-like 3D depictions of terrain, obstacles, traffic and the runway environment so that the image on the display replicates what pilots would see outside the cockpit on a clear day. SVT works seamlessly to alert pilots of potential ground hazards by displaying terrain and obstacles which pose a threat to the aircraft with appropriate TAWS alert coloring, as well as voice alerts. SVT also includes the ability to display pathways (or Highway-In-The-Sky) that are depicted as 3D "flying rectangles" and help pilots stay on course when flying en route legs, VNAV legs, GPS/WAAS vertical approach procedures, ILS approach procedures, and arrival and departure procedures.

The G5000 also includes many other situational awareness and safety of flight features that Part 25 operators will consider essential:

* Active and passive traffic surveillance functionality using advanced TCAS II/ACAS II technology and featuring patent-pending Garmin ADS-B target correlation and tracking for industry-leading traffic management and airspace monitoring
* Advanced weather detection and avoidance technology
* Optional Iridium-based worldwide satellite weather datalink access
* XM WX Satellite Weather for U.S. and Canada provides a variety of real time weather data such as NEXRAD, METAR, lightning, winds aloft, echo tops and more
* Integrated synoptics (graphical systems displays) to help simplify monitoring and control of aircraft systems and aid in troubleshooting of system problems that might arise
* Optional Electronic Stability and Protection system (Garmin ESP™) works to assist the pilot in maintaining the aircraft in a safe, flight stable condition
* Supports a "paperless flight deck" concept with display capability for electronic charts, flight manual data and more
* Voice/data communications supported by digital radios and SATCOM datalink will provide future growth capability
* Supports simplified database management via flyGarmin.com
* The ability to display video from a third party forward-looking infrared (FLIR) camera or other video sources for enhanced vision system (EVS) or live-cam video monitoring

The G5000 will be supported by Garmin's aviation customer support team that provides 24/7 worldwide support. Garmin's aviation customer support team has repeatedly been voted number one in Aviation International News and Professional Pilot magazines' avionics product support surveys.

Garmin expects to receive Technical Standard Orders (TSO) certification of the new G5000 system in 2012.

Cessna Aircraft Company is the first aircraft manufacturer to announce selection of the G5000 for a Citation business jet.
es scheint so als gäbe es keine garmin aktionäre hier in europa! oder bin ich da falscher meinung? ???:rolleyes:
Antwort auf Beitrag Nr.: 40.806.604 von tom924 am 05.01.11 20:08:37ich bin noch da...
garmin rating!! heute hochgestuft, und der kurs ist gleich schon um 6% in die höhe geschnellt! wär mal ganz schön wenn sich diese positive stimmung länger halten würde, denn das hin und her geplänkel um die 30$ wird schon ein bisserl langweilig.:eek:
garmin meldet heute hammerzahlen und schießt nach letzterer guter kursperfomance nochmal um fast 10% in die höhe. wenn es so weiter geht wird die 50$ marke auch bald geschichte sein. ist wohl keiner in diesem super wert investiert? also freue ich mich alleine! eine gute dividende gibts außerdem! :)
liebe grüße! tom
04.06.2012
Navigationsgerätehersteller Garmin kündigt Dividende an

Garmin (ISIN: CH0114405324) wird eine Gesamtdividende in Höhe von 1,80 US-Dollar an die Aktionäre ausbezahlen. Die Ausschüttung erfolgt insgesamt in vier Tranchen zu je 0,45 US-Dollar. Drei Auszahlungen erfolgen im Jahr 2012 (29. Juni, 28. September, 31. Dezember). Die restlichen 0,45 US-Dollar werden am 15. März 2012 ausgeschüttet. Beim derzeitigen Aktienkurs von 41,60 US-Dollar entspricht dies einer aktuellen Dividendenrendite von 4,32 Prozent. Im ersten Quartal 2012 kletterte der Umsatz um zehn Prozent auf 557 Mio. US-Dollar.

Garmin wurde 1989 von Gary Burrell und Dr. Min Kao (daher der Name Garmin) mit fünf Mitarbeitern gegründet und zählt heute zu den Marktführern im Bereich mobiler Navigation. Von 1989 bis jetzt wurden über 100 Millionen Navigationsgeräte verkauft. Garmin ist nach eigenen Angaben seit Gründung des Unternehmens profitabel. Seit dem 8. Dezember 2000 ist der Konzern an der Börse notiert. Der IPO-Preis lag bei 14 US-Dollar (7 US-Dollar Split-bereinigt). Der Unternehmenssitz liegt seit Juni 2010 in Schaffhausen in der Schweiz.


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