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4-Traders Homepage  >  Equities  >  Nasdaq  >  Garmin Ltd.    GRMN   CH0114405324

Delayed Quote. Delayed  - 08/29 09:36:49 pm
50.06 USD   -0.28%
01:01p GARMIN : reg; responds to misleading statements from Navico in the I..
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GARMIN : Garmin® Edge® 200 Cycling GPS Lets You Review, Relive and Plan

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08/18/2011 | 01:50pm CEST

“The Edge 200 was designed for those budget conscious cyclists looking for the basics — speed, distance, time and calories,” said Dan Bartel, Garmin’s vice president of worldwide sales. “With no set-up or sensors required, simply switch on, press start and go. The Edge 200 adds so much to your ride that no ride will ever be the same again.”

Whether you ride for fun, fitness or to feed your competitive edge, users will love seeing how far and how fast they rode — all without wires and sensors. Edge 200 stores up to 130 hours of ride data and sorts activities to quickly look up the fastest, longest or last ride – providing motivation and inspiration that’ll keep cyclists on track. With a 14 hour battery life, Edge 200 features a USB interface for easy charging and data transfer.

Weighing a mere 2 ounces, the Edge 200 is both lightweight and affordable. It features a high-sensitivity GPS receiver with HotFix® satellite prediction – meaning there’s less time spent waiting and more time spent riding. The Edge 200 also allows users to set alerts for distance, time or calories to make it easier and more fun to achieve their goals.

The Edge 200 helps cyclists bring new life to old rides with Courses, a feature that lets riders challenge their times on previous rides. A digital cyclist shows their speed relative to past performance, along with an indication of how far ahead or behind they are. These can be taken from rides stored on the Edge or downloaded from the huge and expanding Garmin Connect™ community (http://connect.garmin.com). Here users can quickly and easily log their rides, track their totals, set goals, share rides with friends and family and participate in an online fitness community of more than 70 million activities around the world. Garmin Connect displays metrics such as time, distance, pace, and elevation. This information is shown through charts, illustrations, reports and a variety of map representations including street, photo, topographic, and elevation maps. Use Garmin Connect’s new Course Creator feature to plan new rides or convert a past activity into a Course.

The new Edge 200 is expected to be available in the third quarter of 2011 and have a suggested retail price of $149.99.

The Edge 200 is the latest from Garmin, which has spent more than 20 years developing technologies and innovations to enhance users’ lives, making Garmin a household name in the automotive, aviation, marine, wireless, outdoor and fitness industries. For more about features, pricing and availability, as well as information about Garmin’s other products and services, go to www.garmin.com, www.garmin.blogs.com and http://twitter.com/garmin. To watch step-by-step, feature-specific tutorial videos for Edge 200 and other Garmin products, visit the online learning center at www.garmin.com/learningcenter.

About Garmin International Inc.

Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN), the global leader in satellite navigation. Since 1989, this group of companies has designed, manufactured, marketed and sold navigation, communication and information devices and applications – most of which are enabled by GPS technology. Garmin’s products serve automotive, mobile, wireless, outdoor recreation, marine, aviation, and OEM applications. Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. For more information, visit Garmin's virtual pressroom at www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin and Edge are registered trademarks Garmin Connect are trademarks of Garmin Ltd. or its subsidiaries.  

All other brands, product names, company names, trademarks and service marks are the properties of their respective owners. All rights reserved.

Notice on Forward-Looking Statements:

This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations.  The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual  Report on Form 10-K for the year ended December 25, 2010, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983).  A copy of such Form 10-K is available at www.garmin.com/aboutGarmin/invRelations/finReports.html.  No forward-looking statement can be guaranteed.  Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

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Financials ($)
Sales 2016 2 911 M
EBIT 2016 558 M
Net income 2016 466 M
Finance 2016 1 427 M
Yield 2016 4,07%
P/E ratio 2016 20,40
P/E ratio 2017 19,78
EV / Sales 2016 2,77x
EV / Sales 2017 2,71x
Capitalization 9 482 M
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Mean consensus HOLD
Number of Analysts 15
Average target price 46,6 $
Spread / Average Target -7,2%
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NameTitle
Clifton A. Pemble President, Chief Executive Officer & Director
Min H. Kao Executive Chairman
Patrick Desbois Vice President-Operations
Douglas G. Boessen CFO, Treasurer & Financial Accounting Officer
Ed Link Vice President-Information Technology
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