Garmin To Appeal ITC Judgment To Exclude Import Of SideVu Products

Garmin Ltd. said the International Trade Commission ordered that its Garmin SideVu products be excluded from import into the U.S., because they were too similar to some claims of a patent owned by Johnson Outdoors Inc. . The ITC said Garmin will be free to import the products temporarily, and further recommended the company be allowed to import modified products. Garmin said it will appeal the ITC judgment. "Garmin disagrees with the ITC and plans to appeal the determination," said Garmin General Counsel Andrew Etkind. "Nevertheless, we do not expect the ruling to have any impact on Garmin customers or products. Garmin has already modified our software to address the ITC's ruling, and we are ready to ship those products today." The stock, which was still inactive in premarket trade, has tumbled 30% year to date, while the S&P 500 has gained 1.2%.