GPS Leader Navigates Through Tight Market
July 31st, 2006
The nuvi 360 is one of the most recent GPS units released by Garmin, shown outside the company´s headquarters on Friday, July 7, 2006, in Olathe, Kan. (AP Photo/Reed Hoffmann)
(AP) -- After starting out by helping pilots get around, navigational device maker Garmin Ltd. is now more likely to aid a motorist in finding the quickest interstate or the nearest pizza parlor. But as drivers have snapped up millions of the satellite-reading devices for their cars, the surge in interest has attracted new and bigger players into what had been a rather isolated market. Now Garmin could need one of its GPS units just to keep from getting lost.
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