Garmin has dropped out of it's attemp to buy Tele Atlas.
Wonder what their next move will be.
The story I read said that they Garmin will be working with Navteq to improve map quality and coverage, and Garmin will continue using their maps thru 2015 with an option of 4 more years beyond that.
Thanks Nuvi Addict! I was rushed for time when I wrote my original post and didn't include any story links.
No problemo, gregb882!
It seems Garmin's bid for TeleAtlas was to have some leverage in negotiating the NavTeq's contract extension... pretty smart move, by the way... and now they're TomTom's best pals, again.
So, everything seems to be back on tracks for all Garmin lovers out there.
Life is beautiful again!
In the SJ Mercury Newpaper today, it says "Garmin & TomTom has settled their legal differences"
Garmin said Thursday that it had settled all intellectual-property litigation with TomTom, including lawsuits in the UK, Netherlands, Wisconsin and Texas. The two companies didn't disclose detail of agreements.
Sorry, couldn't find a link to the Mercury Newspaper.
Making an offer on TA might easily have been a ploy to shake NT up and get better contract terms and/or committment from NT.
I think if Garmin had wanted TA bad enough, they would have made a counter-offer before giving up.
Hopefully the attention to competition will result in quicker updates and people trying harder to do their jobs.
After having to drop out of the bidding for TeleAtlas Garmin has gone back to NavTeq with an open checkbook. They have secured map data through 2015 with an option to extend until 2019.
This is good news for Garmin fans.
See Garmin Press Release: Garmin Extends Agreement with NAVTEQ
I think this is the best option for everyone. Now, if they can get more frequent and accurate map updates, that would be the icing on the cake.
Has anyone ever figured out why it's so difficult to provide periodic map updates containing only the changed data??????????
Sure seems like that would make life a lot easier on everyone concerned.
Garmin only "purchases" the map data from NavTeq.
NavTeq provides map data to more than just Garmin.
(read the about Navteq)
Briefly, they provide map data for 69 countries and 6 continents. That could take a little bit of time to compile.
Then Garmin has to make sure that the data is compatible with their products.
It's a lengthy process.
Perhaps you could pose your question directly to Navteq.
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