Garmin Ltd.

Schaffhausen Switzerland

  (NASDAQ: GRMN)

Company Description

Garmin hopes to make stopping to ask for directions a thing of the past. The company manufactures navigation products that use Global Positioning System (GPS) technology to wirelessly deliver geographic location data through satellite communications. Its portable products incorporate electronic maps and navigational charts. Garmin also makes communications devices that combine cellular and GPS technology. Manufacturers such as Bombardier, Toyota, and Viking Yacht incorporate Garmin equipment into its products. The company sells its consumer products through retailers including Best Buy, Halfords, and Wal-Mart, as well as through distributors and independent dealers. Nearly half of sales come from outside the Americas.