Garmin
NASDAQ symbol GRMN, is a market leader in navigation devices using GPS. This includes consumer products such as GPS receivers, portable automotive navigation devices, and fixed-mount GPS/sounder products, which are used in automotive, marine, and recreation applications. Aviation products include GPS and VHF navigation enabled receivers.
Smartphones have become increasingly popular in recent years. Aside from functioning as mobile phones, these devices have many computer-like functions, including Internet access and email.
There are a couple of ways for investors to profit from rising use of smartphones. The obvious approach is to buy shares of companies that make these devices. Apple and Research in Motion are the most …read more »
Smartphones have become increasingly popular in recent years. Aside from functioning as mobile phones, these devices have many computer-like functions, including Internet access and email.
The smartphone market is highly competitive. Two large cap stocks, Apple and Research in Motion, are the dominant players. However, other firms, such as Motorola, Palm and Garmin, have introduced new smartphones in recent months, as …read more »
GARMIN $32.48 (Nasdaq symbol GRMN; SI Rating: Speculative) (913-397-8200; www.garmin.com; Shares outstanding: 200.7 million; Market cap: $6.5 billion) faces an uncertain future because selling prices for its devices are falling and competition is increasing.
Motorola and Verizon Wireless recently announced the first smartphone to feature Google’s Android 2.0 operating system for mobile devices. The new phone will allow users to access …read more »
GARMIN $37.23 (Nasdaq symbol GRMN; SI Rating: Speculative) (913-397-8200; www.garmin.com; Shares outstanding: 200.5 million; Market cap: $7.5 billion) is launching its nuvifone G60 smartphone later this year. The company recently announced that AT&T will be the wireless carrier. AT&T also carries Apple’s iPhone. Garmin will make the nuvifone in partnership with Taiwanese PC maker Asustek.
The nuvifone faces considerable competition from …read more »
LOJACK CORP. $5.52 (Nasdaq symbol LOJN; SI Rating: Speculative) (www.lojack.com; 781-326-4700; Shares outstanding: 18.1 million; Market cap: $99.8 million) sells systems that help track and recover vehicles after they’ve been stolen. Lojack operates in the U.S. and 30 other countries. The company’s Canadian subsidiary is Boomerang Tracking.
In the three months ended June 30, 2009, LoJack’s revenue fell 31.1%, to $35.4 …read more »
TRIMBLE NAVIGATION $21.77 (Nasdaq symbol TRMB; SI Rating: Speculative) (408-481-6914; www.trimble.com; Shares outstanding: 119.5 million; Market cap: $2.6 billion) makes GPS devices and technology for four main markets: Engineering and construction; Agriculture GPS products; Fleet products to track moving vehicles; and GPS components for major customers around the world.
Trimble’s revenues in the three months ended September 30, 2008 rose 10.8%, …read more »
GARMIN $15.98 (Nasdaq symbol GRMN; SI Rating: Speculative) (913-397-8200; www.garmin.com; Shares outstanding: 202.5 million; Market cap: $3.2 billion) reports that in the three months ended September 27, 2008, earnings per share excluding one-time items fell 3.3%, to $0.88 from $0.91 a year earlier. Sales rose 19.4%, to $870.4 million from $728.7 million.
In the latest quarter, North American sales rose 29%, …read more »
VERIGY LTD. $17.90 (Nasdaq symbol VRGY; SI Rating: Speculative) (1-800-447-8378; www.verigy.com; Shares outstanding: 58.9 million; Market cap: $1.1 billion) designs and makes test systems used in the production of computer chips, flash memory and high-speed memory.
Verigy’s revenues in its fiscal third quarter ended July 31, 2008 fell 12.3%, to $204 million from $179 million a year earlier. It earned $0.30 …read more »
GARMIN $64.47 (Nasdaq symbol GRMN; SI Rating: Speculative) (913-397-8200;www.garmin.com; Shares outstanding: 216.9 million; Market cap:$14.0 billion) was one of our first GPS successes. It’s now cheap again in relation to earnings, and we think it’s ready for a surge — especially with its tie-in with Google, and with the launch later this year of its state-of the-art Nuvifone touchscreen phone …read more »
GARMIN $113.20 (Nasdaq symbol GRMN; SI Rating: Speculative) (913-397-8200; www.garmin.com; Shares outstanding: 216.6 million; Market cap: $24.5 billion) makes portable and fixed-mount GPS products in four major areas: automotive and mobile, outdoor and fitness, marine and aviation. Its products include both portable and dash-mounted navigation systems for automobiles, cell phones, sea craft and aircraft.
Consumer products account for 80% of Garmin’s …read more »
