[ # ] Garmin Stocks take dive as profits fell and Nuvifone delayed (GRMN)

/* Posted July 30th, 2008 at 3:35pm */
/* Filed under News */

Garmin’s Stock prices took a major dump today off news of them not hitting their 2nd quarter earning targets and of the delay of the much anticipated new Nuvifone product.

"While we had hoped to have carrier launches in the fourth quarter, we have found that meeting some of the carrier specific requirements will take longer than anticipated," Garmin said. "We remain pleased with carrier interest in the device and are working toward making necessary design changes to meet their requirements. We anticipate launching the product during the first half of 2009."

Looks like we wont be seeing a Nuvifone until the first half of 2009…whenever that is…