benefit of our European distributor acquisitions.
-- Announced nuvifone(TM), a revolutionary new device that seamlessly
integrates navigation, communication and full-featured web browsing in
one elegant device. The nuvifone continues to generate interest from
wireless carriers and the public.
-- Also announced a number of leading-edge devices at the Consumer
Electronics Show in Las Vegas, with compelling features like speech
recognition and dynamic second-generation MSN Direct content, as well
as next generation fitness and outdoor handheld units.
-- Completion on our new 187,000 sq. ft. U.S. warehouse addition, which
more than doubles our capacity.
-- Purchased approximately 1.4 million shares of GRMN in the first
Executive overview from Dr. Min Kao, Chairman and Chief Executive Officer:
"We are pleased with our performance in the first quarter, particularly given the general slowdown in the global economy. Demand for our automotive/mobile products continued beyond the traditionally strong fourth quarter holiday season, with another quarter of robust triple-digit growth. While the first quarter is typically our slowest quarter, we were nonetheless able to achieve healthy growth in each of our business segments and each geographic area.
We look forward to a successful second quarter, with an array of new
and exciting portable navigation and outdoor/fitness devices becoming
-- The nuvi(R) 800 series, which offers industry-leading speech
recognition technology and enhanced MSN Direct data services
-- The nuvi 900 family, a navigation device that integrates digital
television for mobile consumers
-- The Forerunner(R) 405, a fitness device that integrates new wireless
features in a watch form factor
-- The Colorado(TM) series of outdoor n
|SOURCE Garmin Ltd.|
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