View previous topic :: View next topic |
Author |
Message |
Darren Frequent Visitor
Joined: 11/07/2002 14:36:40 Posts: 23848 Location: Hampshire, UK
|
Posted: Tue Oct 07, 2008 7:39 am Post subject: |
|
|
smiley1081 wrote: | Doh...
When a few months back I predectied somewhere that Garmin was going to buy Tomtom for dimes I was kidding in truth, but it seems that it could happen soon... |
Have you seen Garmin's stock recently?
Data courtesy of Yahoo Finance
TomTom aren't unique here, they're all suffering. TomTom can re-finance, even in this economic climate. It will cost them, lower profits, poorer returns but still a very low risk compared with others in the short term and huige potential gains when we all come through the other side. Garmin will be the same. The losers in this will be the minor players and those struggling for position in the market. _________________ Darren Griffin |
|
Back to top |
|
|
stuart Frequent Visitor
Joined: 20/04/2003 11:51:10 Posts: 405 Location: Dorset, England, Great Britain
|
Posted: Wed Oct 08, 2008 10:00 am Post subject: Garmin v TomTom |
|
|
smiley1081 wrote: | Doh...
When a few months back I predectied somewhere that Garmin was going to buy Tomtom for dimes I was kidding in truth, but it seems that it could happen soon... |
Garmin will always survive. The yacht I sail/race on has four Garmin units and most crew members have their own. Yacht sales are good down here in Poole and elsewhere on The South Coast and most owners want the best GPS for their crew. |
|
Back to top |
|
|
Darren Frequent Visitor
Joined: 11/07/2002 14:36:40 Posts: 23848 Location: Hampshire, UK
|
Posted: Wed Oct 08, 2008 10:04 am Post subject: |
|
|
Luxury spend is about to take a nose dive! Whilst I agree that the likes of TomTom, Garmin etc are less likely to disappear no-one is truly safe in such a bleak climate.
They all require investors, financing, bank co-operation etc and it only needs a problem with one of them to cause the whole pack of cards to come tumbling down very quickly. _________________ Darren Griffin |
|
Back to top |
|
|
bedbug Frequent Visitor
Joined: May 10, 2006 Posts: 484 Location: Hampshire, UK
|
Posted: Wed Oct 08, 2008 10:18 am Post subject: |
|
|
Garmin (like everyone else) is as safe as the bank on your street corner...
Oh...err... !!::PANIC::!! _________________ iPhone 4/4S (iOS 5.1.1); TomTom Western Europe (1.10)/USA & Canada (1.10); CoPilot for iPhone (8), UK mapping, Mac OS 10.8/XP Pro/Win7; Tongue firmly in cheek! |
|
Back to top |
|
|
culzean Occasional Visitor
Joined: Aug 04, 2006 Posts: 54
|
Posted: Fri Oct 10, 2008 8:29 pm Post subject: Demise of Tom Tom |
|
|
Does this mean that we will soon be seeing a TT-Nuvi ? I hope not.
As a long time fan of Garmin products and their first class customer service I would hate to see them tied up with TT - because the TT bad customer service bug may be catching - - - - ! |
|
Back to top |
|
|
Darren Frequent Visitor
Joined: 11/07/2002 14:36:40 Posts: 23848 Location: Hampshire, UK
|
Posted: Fri Oct 10, 2008 9:06 pm Post subject: Re: Demise of Tom Tom |
|
|
culzean wrote: | Does this mean that we will soon be seeing a TT-Nuvi ? I hope not.
As a long time fan of Garmin products and their first class customer service I would hate to see them tied up with TT - because the TT bad customer service bug may be catching - - - - ! |
If you ever see a nuvifone for sale I'll eat my hat! _________________ Darren Griffin |
|
Back to top |
|
|
Anita Pocket GPS Moderator
Joined: Mar 15, 2006 Posts: 3219 Location: Windlesham, Surrey
|
Posted: Fri Oct 10, 2008 9:41 pm Post subject: Re: Demise of Tom Tom |
|
|
Darren wrote: | If you ever see a nuvifone for sale I'll eat my hat! |
Duly bookmarked for future reference! _________________ Anita
TomTom VIA 135 - App 12.075
UK map 1130.12368
Samsung Galaxy S21 |
|
Back to top |
|
|
bedbug Frequent Visitor
Joined: May 10, 2006 Posts: 484 Location: Hampshire, UK
|
Posted: Fri Oct 10, 2008 10:46 pm Post subject: |
|
|
Would you like ketchup with that? _________________ iPhone 4/4S (iOS 5.1.1); TomTom Western Europe (1.10)/USA & Canada (1.10); CoPilot for iPhone (8), UK mapping, Mac OS 10.8/XP Pro/Win7; Tongue firmly in cheek! |
|
Back to top |
|
|
gatorguy6996 Frequent Visitor
Joined: Feb 16, 2008 Posts: 695 Location: Florida, USA
|
Posted: Fri Oct 10, 2008 11:09 pm Post subject: |
|
|
The biggest differnence, financially, between Garmin and TomTom is that Garmin has no need to refinance anything. As of the last financial report they still had in access of $7Billion US in cash as I remember. Real cash, not just assets. TomTom doesn't have that cushion. _________________ Garmin 1695 / 255 / 760 w/MSN - Droid w/Google nav + Navigon - Navigon 8100T - Dakota10 - GPSMap76C - GeoMate Jr. |
|
Back to top |
|
|
bedbug Frequent Visitor
Joined: May 10, 2006 Posts: 484 Location: Hampshire, UK
|
Posted: Fri Oct 10, 2008 11:15 pm Post subject: |
|
|
gatorguy6996 wrote: | ...Garmin... still had in access of $7Billion US in cash ...Real cash, not just assets... | Let's hope they keep it under their mattresses, not in the bank! _________________ iPhone 4/4S (iOS 5.1.1); TomTom Western Europe (1.10)/USA & Canada (1.10); CoPilot for iPhone (8), UK mapping, Mac OS 10.8/XP Pro/Win7; Tongue firmly in cheek! |
|
Back to top |
|
|
gatorguy6996 Frequent Visitor
Joined: Feb 16, 2008 Posts: 695 Location: Florida, USA
|
Posted: Fri Oct 10, 2008 11:16 pm Post subject: |
|
|
! Good point Bedbug _________________ Garmin 1695 / 255 / 760 w/MSN - Droid w/Google nav + Navigon - Navigon 8100T - Dakota10 - GPSMap76C - GeoMate Jr. |
|
Back to top |
|
|
|
Posted: Today Post subject: Pocket GPS Advertising |
|
|
We see you’re using an ad-blocker. We’re fine with that and won’t stop you visiting the site.
Have you considered making a donation towards website running costs?. Or you could disable your ad-blocker for this site. We think you’ll find our adverts are not overbearing!
|
|
Back to top |
|
|
|