• Stock symbol: GRMN (NASDAQ)
    • Annual revenue (2007): $3.18 billion
    • Founder: Gary Burrell, Min Kao
    • Year established: 1989
    • Industry: Consumer GPS technology
    • Phone: 345-946-5203
    • Fax: 345-945-3390
    • HQ: Olathe, Kansas
    • Subsidiaries: Garmin International Inc., Garmin (Asia) Corporation
    • CEO: Min Kao
    • CFO: Kevin S. Rauckman
    • Staff: 8,434

  • Garmin is a conglomeration of technology companies that specializes in the manufacture and distribution of Global Positioning System (GPS) hardware and devices. Although the company's main focus is on consumer-level products, Garmin also manufactures GPS equipment for aviation markets. Though it is headquartered in Kansas, Garmin's subsidiaries are chiefly concentrated in Asia, with its largest center in Taiwan.

  • Key Dates

    • April, 1989: The U.S. government's GPS satellite system is declared operational
    1. 1989: Gary Burrell and Min Kao found the company, initially named ProNav
    2. 1990: First product, a marine GPS receiver, is sold at $2500 per unit
    3. January, 1991: Kao sets up manufacturing facilities in Taipei, Taiwan
    4. 1991: Name changes to Garmin, after a rival company releases GPS receivers under the brand name ProNav
    5. 1991: Their GPS receivers are popular among military personnel during the Gulf War
    6. 2003: Releases the iQue line of PDAs equipped with GPS capabilities, and continues series of consumer level products

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