Website: N/A
Stock Symbol: NASDAQ: GRMN
Market Value: N/A (in millions)
This discussion of the business of Garmin Ltd. ("Garmin" or the "Company")
should be read in conjunction with, and is qualified by reference to,
“Management's Discussion and Analysis of Financial Condition and Results of
Operations” under Item 7 herein and the information set forth in response to
Item 101 of Regulation S-K in such Item 7 is incorporated herein by reference in
partial response to this Item 1. Garmin has four business segments: Marine,
Automotive/Mobile, Outdoor/Fitness, and Aviation. The segment and geographic
information included in Item 8, “Financial Statements and Supplementary Data,”
under Note 9 is incorporated herein by reference in partial response to this
Item 1.
Garmin was incorporated in the Cayman Islands on July 24, 2000 as a holding
company for Garmin Corporation, a Taiwan corporation, in order to facilitate a
public offering of Garmin shares in the United States.