Garmin Ltd. - Introduction

Introduction

5th Floor, Harbour Place
103 South Church Street
George Town, Grand Cayman
Cayman Islands
Telephone: (345) 946-5203; (913) 397-8200 (U.S.)
Fax: (913) 397-8282
Web site: http://www.garmin.com

Public Company
Incorporated: 2000
Employees: 1,575
Sales: $465.14 million (2002)
Stock Exchanges: NASDAQ
Ticker Symbol: GRMN
NAIC: 334220 Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing; 334511 Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing

Garmin Ltd. is a leader in Global Positioning System (GPS) navigation products. Once found mostly in specialized equipment for aircraft and boats, GPS technology has been adapted for use in a variety of handheld and wristwatch units for users such as hikers, athletes, sportsmen, and automobile drivers. Garmin has sold five million units in its first dozen years. Its product line has proliferated into 50 different items marketed through a network of 2,500 dealers, distributors, and partners in 100 countries around the world. While the parent company is registered in the Cayman Islands, Garmin has manufacturing and sales operations in the United States (Kansas) and Taiwan and a marketing office in the United Kingdom.