What started out in 1989 with a dinner conversation between Gary Burrell and Min Kao; Garmin Founders, regarding a great idea for a product, has grown into the Global Positioning System (GPS) leader. From the time Garmin’s first GPS handhelds supported the Coalition forces in the Gulf War to its current reputation as the first name in GPS innovation, Garmin has helped to take GPS to new heights by going beyond the ordinary features and performance found in typical GPS receivers. You may not always know where you are going, but Garmim will be able to tell you how to get there.
Today, Garmin has a diverse product line and distributors in virtually every part of the world. They have built and sold millions of GPS receivers. While their immediate success has resulted from developing innovative products for a variety of markets, their long-term success is based on commitment to support for customers after the sale. They are winning over their new customers with quality products, tremendous value, and superior service, and are working to turn them into loyal Garmin supporters for many years to come.
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Garmin strong pattern in the market place and company financial position is certainly a precursor for what one can expect of their stock performance. Gamin has been traded on the NASDAQ since December of 2000. Like all technology industry stock, Garmin has proven to be somewhat volatile. The Garmin good news is that they continue to show above average growth rate when compared to the industry. In addition to the superior growth rate, Garmin also has proven to encompass less risk than what is typically associated with this industry.
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