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Darren
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Joined: 11/07/2002 14:36:40
Posts: 23848
Location: Hampshire, UK
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 Posted: Tue Oct 07, 2008 7:39 am Post subject: |
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| 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.
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stuart
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Joined: 20/04/2003 11:51:10
Posts: 405
Location: Dorset, England, Great Britain
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| Posted: Wed Oct 08, 2008 10:00 am Post subject: Garmin v TomTom |
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| 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. |
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Darren
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Location: Hampshire, UK
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| Posted: Wed Oct 08, 2008 10:04 am Post subject: |
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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.
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bedbug
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Joined: May 10, 2006
Posts: 484
Location: Hampshire, UK
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| Posted: Wed Oct 08, 2008 10:18 am Post subject: |
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Garmin (like everyone else) is as safe as the bank on your street corner...
Oh...err... !!::PANIC::!!
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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! |
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culzean
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Joined: Aug 04, 2006
Posts: 54
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| Posted: Fri Oct 10, 2008 8:29 pm Post subject: Demise of Tom Tom |
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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 - - - - ! |
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Darren
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Location: Hampshire, UK
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| Posted: Fri Oct 10, 2008 9:06 pm Post subject: Re: Demise of Tom Tom |
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| 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!
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Anita
Pocket GPS Moderator
Joined: Mar 15, 2006
Posts: 3219
Location: Windlesham, Surrey
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| Posted: Fri Oct 10, 2008 9:41 pm Post subject: Re: Demise of Tom Tom |
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| Darren wrote: | | If you ever see a nuvifone for sale I'll eat my hat! |
Duly bookmarked for future reference! 
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Anita
TomTom VIA 135 - App 12.075
UK map 1125.12264
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bedbug
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Joined: May 10, 2006
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Location: Hampshire, UK
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| Posted: Fri Oct 10, 2008 10:46 pm Post subject: |
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Would you like ketchup with that?
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gatorguy6996
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Joined: Feb 16, 2008
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Location: Florida, USA
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| Posted: Fri Oct 10, 2008 11:09 pm Post subject: |
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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.
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bedbug
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Joined: May 10, 2006
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Location: Hampshire, UK
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| Posted: Fri Oct 10, 2008 11:15 pm Post subject: |
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| 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!
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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! |
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gatorguy6996
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Location: Florida, USA
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| Posted: Fri Oct 10, 2008 11:16 pm Post subject: |
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! Good point Bedbug
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