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04.11.2009 | 17:34
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BRIEF-Garmin sees no immediate impact from smartphones, free navigations apps

Nov 4 (Reuters) - Garmin Ltd:

* Says doesn't believe navigation-enabled smart phones, free navigation apps

will impact pnd market any time soon

* Sees flat to possible growth in the auto/mobile segment along with nuvifone

in 2010

* Says does not see turn around in marine segment in 2010

* Says nuvifone no longer expected to contribute about $100 million to $200

million in revenue in 2009 due to slow roll out

* Sees Q4 margins in low to mid-40s

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Link: http://www.finanznachrichten.de/nachrichten-2009-11/15383746-brief-garmin-sees-no-immediate-impact-from-smartphones-free-navigations-apps-020.htm