Garmin (GMRN) Weaker on Comments from Conference Call
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Garmin Ltd. (Nasdaq: GRMN) is now down about 4%, after being higher earlier, on data from its conference call.
On the call, according to Bloomberg headlines, the company said: It sees competition increasing in 2008, says average navigation-device price fell 19% in Q4, sees navigation-device prices dropping 20% this year. On a positive note, the CFO said retail inventories are "lean."
On the call, according to Bloomberg headlines, the company said: It sees competition increasing in 2008, says average navigation-device price fell 19% in Q4, sees navigation-device prices dropping 20% this year. On a positive note, the CFO said retail inventories are "lean."
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