Garmin today announced its financial results for the first quarter of 2009. " For two or three days I've been thinking about how to beat him.
Garmin still generated $ 286 million of free cash flow in first quarter 2009 for a cash and marketable securities balance of over $ 1.2 billion. free cash flow decreased to $ 3,204,000 from $ 3,735,000 in 2008. Automotive/Mobile segment revenue decreased 43 % to $ 260 million. But for Garmin, it'll either be impossible or extremely inefficient. Has been experiencing a decline with new displays for new and retrofit program awards.
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