GPS Leader Navigates Through Tight Market

July 31, 2006 GPS Leader Navigates Through Tight Market

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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