Investors might like Verisign, Inc. (NASDAQ:VRSN)'s cash balance of $1.56 billion, but remember that only $240 million is domestically held. Dividends Still Matter In the GPS space, analysts lowered the target price for Garmin Ltd. (NASDAQ:GRMN) by 9% to $38.75. Gross margins rose in its last quarter, but operating margins declined to 15%. The company experienced a drop in the automotive/mobile, outdoor, and marine sales channels. Sales rose in the aviation and fitness segments. Investors are ignoring the weak sales and light margin figures, betting that Garmin Ltd. (NASDAQ:GRMN) will continue to compete effectively against smartphones. Garmin Ltd. (NASDAQ:GRMN) is not lowering its expenditures for research and development. Operating expenses rose by $8 million, or 2.1% as a percent of sales, due to R&D. The company stated that the low margins in the quarter to be a seasonal occurrence, and expects it to improve in the next quarters.