Garmin GRMN Message Board

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Technology Stocks : Garmin GRMN

GRMN 205.32

-2.5%

12:25 PM EST

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To: Pink Minion who wrote (6)	3/15/2003 2:50:02 PM
From: andydaoust	Read Replies (1) of 99

Semi, I just saw an ad in National Geographic Adventure Magazine for a new Garmin product which is a two-way radio / GPS combination that will actually track your partners on a map so you know where each are located. Unlike most tech companies the price of GPS's do not appear to be dropping. As an example I purchased a Etrex Vista for $300 two years ago, they are priced at $350 now. The longer the equipment is being produced the lower the cost to produce. So I would guess that margins would be improving. With that and accelerating sales and profits stock price momentum in imminent I hope. R&D is only 7.7%, which is a little low for my taste, but they seem to be productive with new products however. A

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