While revenue from Europe, the Middle East, Africa and the Americas rose compared to the same period in 2007, Asia Pacific revenue declined 43% from the first quarter of 2007.

The company's in-dash map units rose 16% from a year ago, despite poor automobile sales, while portable map devices surged 129% from the first quarter of 2007 with solid growth in Europe. Total map units jumped more than 91% to 6.08 million, but were down nearly 30% sequentially.

Earlier Wednesday, Garmin ( GRMN) missed analysts first-quarter earnings targets amid the global economic downturn, warning that economic conditions will remain a factor on future growth.

Among other widely held tech and gadget stocks, Google ( GOOG) added 2.8%, while Apple ( AAPL) eased 0.6%. Intel ( INTC) was lower by 1.6%.

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