Garmin Ltd raised its forecast for the year as it starts to gain from its move to add high-margin services to its staple personal navigation devices (PNDs), which have seen a freefall in sales over the past few years.
Shares of the No. 1 U.S. navigation device maker rose as much as 9 percent in morning trade to $37.20, their highest in a year-and-a-half. They have fallen about 70 percent since their heydays in 2007, when they traded above $125.
Garmin and its European peer TomTom, known for their personal navigation devices
...
More Suggested Content:
Garmin Revamps Lineup
August 26, 2011
From News
Garmin announced this week its new Nuvi PND lineup for 2012, featuring the company's Guidance 2.0 and 3.0 navigation engines.
Directed Electronics' Viper SmartStartGPS Goes Global
October 13, 2011
From Feed Content
Directed Electronics is taking it's Viper SmartStartGPS remote starter global. The SmartStart app allows users to remotely unlock and start a vehicle using an iPhone, BlackBerry, or Android phone.
