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More Bad News for TomTom

 

Just read this in the paper:

Falling demand pushes TomTom into huge loss.

http://gulfnews.com/business/technology/falling-demand-pushe...

Two telling remarks were:

"TomTom has struggled after acquiring digital mapmaker Tele Atlas for €2.9 billion in 2008, beating larger competitor Garmin in a bidding war but taking on so much debt that it had to issue shares to stave off bankruptcy when the market went into a slowdown.

In addition, margins have shrunk as cheaper Asian competitors have entered the market, while smart phones have proved another formidable competitor."

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Shooter N32 39 W97 25 GO 930, VIA 1535TM, GPSmap 60CS, Android w/Google Maps & TomTom USA, BMW built-in

Bugger

Bugger, thats not good, although I like Garmin, TomTom is another quality product. Hope they can fix their problems.

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Today is a gift, that's why they call it the present...

Bugger 2

I have no use for TomTom atm. but what i do like, is competition. It keeps company's like Garmin on their Toe's, so to speak. This is not good news, wouldn't want Garmin to be the only game in Town.

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nüvi®3790LMT nüvi®3590LMT| We do not live in Igloo's, and do not ride to work on snow mobiles

I believe in competiton too...

but have you seen the list of GPS's made now? I haven't heard of 90% of them!

Five years ago when I went looking for a GPS, I checked out "Consumer Reports." In so many words, and reading between the lines, they wrote that Garmin was the best at that time, so I bought Garmin, and so happy I did. I have been more than satisfied with them, and will continue to stay with Garmin

Now we know why Garmin did not buy TeleAtlas! If they are at all interested in it now, they just might be able to pick it up for a song...that's the way you stay in business, sweet victory!

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"Backward, turn backward, oh time in your flight, make me a child again, just for tonight."

Their customer service

Their customer service doesn't help... I tried to buy a map from them and they said no and hung up on me. Oh well, their loss.

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