Garmin Ltd. cut its sales forecast nearly in half today to 23 percent
growth from a prior guidance of 42 percent. The company also missed
analyst estimates for earnings of $1.01 per share by posting
second-quarter profits of 94 cents a share. Garmin stock (GRMN) traded
down sharply today, losing approximately 22%.

I'm glad I got out at the end of 2007. The auto GPS market was becoming
saturated. They still put out first class products.