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Sunday, January 3, 2010, 5:12AM ET - U.S. Markets Closed. Dow Down 1.14% Nasdaq Down 0.97%
Garmin Ltd. (GRMN)On Dec 31: 30.70  Down 0.82 (2.60%)  
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Garmin Ltd.
45 Market Street Gardenia Court
Suite 3206B
Camana Bay,  
Cayman Islands - Map
Phone: 345-640-9050
Web Site: http://www.garmin.com

DETAILS 
Index Membership:Nasdaq 100
Sector:Technology
Industry:Scientific & Technical Instruments
Full Time Employees:8,919

BUSINESS SUMMARY 
Garmin Ltd. and its subsidiaries design, develop, manufacture, and market global positioning system (GPS)-enabled products and other navigation, communication, and information products worldwide. It operates in four segments: Automotive/Mobile, Outdoor/Fitness, Marine, and Aviation. The Automotive/Mobile segment offers a range of automotive navigation products, as well as various products and applications designed for the mobile GPS market. The Outdoor/Fitness segment provides GPS-enabled handheld products for outdoor activities, cyclists, and training assistants for athletic pursuits. The Marine segment offers network products and multifunction displays, fixed-mount GPS/chartplotter products, instruments, radars, autopilots, and sounder products. The Aviation segment provides panel-mounted product line, which includes GPS-enabled navigation, VHF communications transmitters/receivers, multi function displays, receivers, instrument landing system receivers, marker beacon receivers, and audio panels, as well as digital transponders that transmit an aircraft’s altitude and its flight identification number in response to requests transmitted by ground-based air traffic control radar systems or collision avoidance devices on other aircraft. Garmin’s non-aviation products and consumer products are sold through independent dealers and distributors, and panel-mount aviation products are sold through aviation distributors worldwide. It has a strategic alliance with ASUSTeK Computer Inc. to design, manufacture, and distribute co-branded location-centric mobile phones. The company was founded in 1990 and is based in Camana Bay, Cayman Islands with additional offices in Olathe, Kansas; Southampton, the United Kingdom; and Shijr, Taiwan.
Key Statistics

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    KEY EXECUTIVES 
     PayExercised
    Dr. Min H. Kao Ph.D., 60
    Chairman, Chief Exec. Officer, Chairman of Garmin Corp., Pres of Garmin International Inc., Garmin USA Inc., Garmin Corp. and Garmin AT Inc., Director of Garmin Corp., Garmin International Inc., Garmin USA Inc., Garmin AT Inc and Garmin (Europe) Ltd
    $ 500.00K $ 0
    Mr. Clifton A. Pemble , 43
    Pres, Chief Operating Officer, Director, Pres of Garmin International Inc, Pres of Garmin USA Inc and Pres of Garmin AT Inc
    $ 500.00K $ 0
    Mr. Kevin S. Rauckman , 46
    Chief Financial Officer, Principal Accounting Officer, Treasurer, Treasurer of Garmin USA Inc, Director of Garmin International Inc of Garmin USA Inc
    $ 400.00K $ 0
    Mr. Andrew R. Etkind , 53
    VP, Sec., Gen. Counsel, Sec. of Garmin International Inc, Sec. of Garmin USA Inc, Gen. Counsel of Garmin International Inc and Gen. Counsel of Garmin USA Inc
    $ 400.00K $ 0
    Mr. Danny J. Bartel , 60
    VP of Worldwide Sales - Garmin International, Inc
    $ 350.00K $ 0
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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