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Sydney’s own journal of truth the Sunday Telegraph has taken the opportunity to bolt early in the editorial stakes and recommended to its readers that they next Saturday. Below is some footage of a random Tele reader responding to this unexpected news. This entry was posted on November 18. 2007 at 5:44 amand is filed under. You can subscribe via feed to this post's comments. XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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Sydney’s own journal of truth the Sunday Telegraph has taken the opportunity to bolt early in the editorial stakes and recommended to its readers that they next Saturday. Below is some footage of a random Tele reader responding to this unexpected news. This entry was posted on November 18. 2007 at 5:44 amand is filed under. You can subscribe via feed to this post's comments. XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

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(Newser) – Garmin the world’s top GPS producer dropped its $3.3 billion bid for mapmaker Tele Atlas yesterday allowing rival TomTom to seal the deal. That may prove a long-term disadvantage for Garmin but investors love the non-deal sending shares up 16% their best gain in five years. “There’s relief,” one analyst said. “The bidding had gone to a aim that populate didn’t like.” The GPS market is fast consolidating with Nokia recently acquiring Navteq the only other global mapper. After turning drink Tele Atlas. Garmin inked a multi-ear deal to license maps from Navteq but they may someday regret relying on competitors for maps. “The strategic disadvantage…will continue as an overhang,” an analyst told Bloomberg. TomTom meanwhile is positioned to license maps out providing more revenue. Next time you strike out for the territory you might be better served by Nokia’s new Maps 2.0 service than by a real be tour guide. CNet’s Marguerite Reardon literally road-tested the pedestrian GPS service at a Barcelona conference taking to the Gothic Quarter’s labyrinthine alleys with the new 6210 Navigator phone a Spanish guide and a Nokia PR rep. Furthering its plans to alter into a mobile Internet affiliate. Nokia has announced a corporate reorganization into three divisions: devices software and services and markets. It’s the focus on software and services. writes that’s exceptional for the world’s largest phone manufacturer and signals the seriousness of the firm’s intentions to remain a study player as mapping music and games dress the cell phone market. The nuvi 360 left and the StreetPilot c550 are two of the most recent GPS units released by Garmin shown outside the company's headquarters in this July 7. 2006 file photo in Olathe. Kan. (AP Photo/Reed... (Associated Press) Newser gives you more news in less time. We search for the best and most important stories all over the web read them for you and mouth concise and sharp summaries—along with links to the beat text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics sports business trends technology personalities crimes and controversies. Newser keeps you not just better informed but with our signature graphic interface and smart condensed format more enjoyably informed.

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claims that the outfit has struck a broach with NAVTEQ (or is that ?) which guarantees it access to those maps through 2015. Currently there's been no word on whether TomTom ordain act forward with its apparent to snap up Tele Atlas but it's safe to say the biggest obstacle has been (voluntarily) removed. I'm disappointed. I was hoping Garmin would get their own mapping affiliate -- and that they would be more flexible with their licensing. I love Garmin's GPS units and own several of them. But... I recently got clarification on their licensing agreement with Navteq for end-users:Once you cerebrate a specific receiver with a map authorise you can never transfer it to another unit. So if you acquire a Garmin GPSMAP 60CSx and purchase a US map authorise (around $130) and a Europe map license (around $250) for use with it you can never use those map licenses with another unit you purchase. If Garmin comes out with a much-improved replacement for the 60CSx next year and you want to buy it you have to buy new licenses ($130 + $250) for it. There is no way you can dissociate your existing licenses from your old unit and apply them to the new one. For me a gadget nut and someone who has lots of uses for GPS that puts me in a bad spot. I'm all for buying new hardware when I want new features but to have to buy the exact-same software all over again for it.. that will alter me investigate other brands to see what their policies are. I really hoped owning their own mapping affiliate would carry Garmin to come up with a more flexible (and sensible) licensing policy. Only being able to use the license on one unit makes complete comprehend to me but not being able to transfer it -- in a product sector where the products are frequently upgraded and improved -- makes no comprehend at all. These guys need to buy a copy of Photoshop and see how Adobe lets you activate your license on one machine at a time. A Gps device without maps is in fact a GPS device. A GPS device with maps is a chartplotter. In the automotive realm I understand that not having maps would be against the point of having the unit but in terms of Aviation. Marine and Outdoor use it is very sensible when using maps and charts to have a GPS device that simply provides location. That is why the vast majority of automotive products come preloaded and the other sectors may not. In fact an increasing number of the units in Marine Aviation and Outdoor are now coming preloaded as come up. There is also the option to purchase units without mapping installed. Generally this decision is based on price rather than utility. Also you have oversimplified the open process as many of the maps are either not locked or are able to be unlocked to multiple units(2). The exception tends to be the automotive mapping which is less expensive and sold in single license versions. Also Adobe is a software company for computers. The GPS device is not a computer and this model does not work the same as with GPS devices for many reasons. Also Garmin does not own the data in the mapping and therefore licensing restrictions are generally negotiated by the mapping company (Navteq. Tele Atlas. Explorer etc) Garmin has typically allowed you to activate maps on two displace devices using the same key so if you have multiple units you do have some benefit when you purchase maps from them. It's a compel that they won't own their own mapping company (yet) but for far less than $3.3 billion they could probably go away their own mapping division and act their own maps (heck they could hire college students to digitize USGS maps). Ultimately I guess that Google will be more important in the longrun to GPS developers than plain street/mapping detail. When cars are equipped with some choose of wireless data systems (desire they are in Japan already) having the navigation unit displace data from explore will be where the real money and consumer interest is.

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claims that the outfit has struck a deal with NAVTEQ (or is that ?) which guarantees it access to those maps through 2015. Currently there's been no word on whether TomTom will act forward with its apparent to snap up Tele Atlas but it's safe to say the biggest obstacle has been (voluntarily) removed. I'm disappointed. I was hoping Garmin would get their own mapping affiliate -- and that they would be more flexible with their licensing. I love Garmin's GPS units and own several of them. But... I recently got clarification on their licensing agreement with Navteq for end-users:Once you cerebrate a specific receiver with a map authorise you can never assign it to another unit. So if you purchase a Garmin GPSMAP 60CSx and purchase a US map license (around $130) and a Europe map license (around $250) for use with it you can never use those map licenses with another unit you purchase. If Garmin comes out with a much-improved replacement for the 60CSx next year and you want to buy it you have to buy new licenses ($130 + $250) for it. There is no way you can dissociate your existing licenses from your old unit and apply them to the new one. For me a gadget nut and someone who has lots of uses for GPS that puts me in a bad spot. I'm all for buying new hardware when I want new features but to have to buy the exact-same software all over again for it.. that will make me investigate other brands to see what their policies are. I really hoped owning their own mapping company would bring Garmin to come up with a more flexible (and sensible) licensing policy. Only being able to use the license on one unit makes complete sense to me but not being able to transfer it -- in a product sector where the products are frequently upgraded and improved -- makes no sense at all. These guys need to buy a copy of Photoshop and see how Adobe lets you activate your license on one forge at a time. A Gps device without maps is in fact a GPS device. A GPS device with maps is a chartplotter. In the automotive realm I understand that not having maps would be against the inform of having the unit but in terms of Aviation. Marine and Outdoor use it is very sensible when using maps and charts to undergo a GPS device that simply provides location. That is why the vast majority of automotive products come preloaded and the other sectors may not. In fact an increasing number of the units in Marine Aviation and Outdoor are now coming preloaded as come up. There is also the option to acquire units without mapping installed. Generally this decision is based on determine rather than utility. Also you have oversimplified the unlock process as many of the maps are either not locked or are able to be unlocked to multiple units(2). The exception tends to be the automotive mapping which is less expensive and sold in single license versions. Also Adobe is a software company for computers. The GPS device is not a computer and this model does not work the same as with GPS devices for many reasons. Also Garmin does not own the data in the mapping and therefore licensing restrictions are generally negotiated by the mapping affiliate (Navteq. Tele Atlas. Explorer etc) Garmin has typically allowed you to initiate maps on two displace devices using the same key so if you have multiple units you do have some benefit when you purchase maps from them. It's a shame that they won't own their own mapping company (yet) but for far less than $3.3 billion they could probably start their own mapping division and create their own maps (heck they could contract college students to digitize USGS maps). Ultimately I guess that Google ordain be more important in the longrun to GPS developers than plain street/mapping dilate. When cars are equipped with some choose of wireless data systems (like they are in Japan already) having the navigation unit pull data from Google ordain be where the real money and consumer arouse is.

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After a last-minute bid to snatch GPS map info provider (AMS:) from competitor (AMS:). (NASDAQ:) has dropped out of the bidding. The affiliate had of under $30 a share with a bid of $35.48. TomTom then responded with a jump to $43.44 or $4.2 billion a 81% premium on the stock at that time. This was apparently too rich for Garmin's blood. With Tele Atlas a premier vendor of GPS map data in its fold look for TomTom to expand its family of GPS-specific devices as well as licensing the data for other technologies such as cell phones. Since TomTom was already a Tele Atlas customer that portion of its expenses will now remain in-house as come up. Tele Atlas is one of only two large providers of this data. The other. Navteq was recently purchased for $8.1 billion by (NYSE:). Garmin a Navteq customer just extended its contract with that affiliate for another six years. The deal would undergo made comprehend for either affiliate but the question is at what cost? Perhaps the fact that both TomTom and Tele Atlas are based in Europe will help them streamline operations and thereby justify the depreciate. With the pace of evolution in this merchandise though the time frame to leverage the purchase is not long. gratify act your comments relevant to this blog entry. Email addresses are never displayed but they are required to confirm your comments. When you enter your name and email address you'll be sent a link to affirm your mention and a password. To leave another mention just use that password. To create a live link simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. lie breaks and paragraphs are automatically converted — no be to use <p> or <br> tags.

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U. S navigational device maker Garmin said on Friday it dropped its pursuit of digital mapmaker Tele Atlas clearing the way for compete Dutch bidder TomTom to seal the deal. Tele Atlas shares tumbled 9 percent on the news but Garmin have jumped 14 percent as its withdrawal eased Wall Street concerns of a costly bidding war with TomTom. Shares of TomTom also rose gaining 8 percent as Tele Atlas was now expected to accept its $4.2 billion offer which had trumped Garmin's $3.35 billion bid. TomTom. Europe's biggest navigational device maker had sought Tele Atlas to gain hold back of and to reduce its dependence on selling hardware. "Software revenue will in coming years become the largest growing sales stream... TomTom is now well-equipped," said Keijser Capital analyst Nico van Geest. Garmin and TomTom are the two top makers of which use signals from government satellites. Mapmakers like Tele Atlas increase those signals with data such as merchandise conditions and nearby hotels and restaurants. Without Tele Atlas. Garmin said Friday it signed a six-year extension of its agreement to use map data from Navteq the only other digital mapmaker which has agreed to be acquired by Nokia. Garmin said it will use Navteq maps through 2015 with an option to re-create for another four years. The two sides intend to grow their cooperation to alter mapping quality and coverage worldwide. They did not disclose the financial terms. Garmin had offered 24.50 euros ($35.77) per share for Tele Atlas in late October. But it was trumped by TomTom which raised its bid earlier this month to 30 euros ($43.80) per share from a July offer of 21.25 euros ($31.02). TomTom also bought a 28 percent stake in Tele Atlas a act that analysts said made it tough for Garmin in the bidding. Garmin may create mapping networkSome analysts undergo said that Garmin may want to create its own mapping network. Dougherty & Co analyst Jeff Evanson estimated it could cost Garmin about $2 billion and take at least three years to do that. It "could change state a distraction for the affiliate a study cash strain but it could be much less of a strain than buying Tele Atlas," Evanson told Reuters earlier this week. Garmin and TomTom which vie for first place in the global navigation devices market can ill afford to sit still as new entrants connect the fast-growing industry. Sales of touch-screen navigation devices are expected to increase this pass toughen due to determine cuts and more entry-level models. Nokia's acquire of Navteq could make the cell telecommunicate maker a major player in navigation. Web search leader Google which is developing a mobile phone operating system may also seek entry into the merchandise with its Google Maps. A TomTom spokesman called Garmin's act a "positive development." When asked whether champagne had already been opened at TomTom's headquarters he said. "It's still in the fridge. It's comfort too warm." Tele Atlas officials were not immediately available for mention. Shares of Garmin on Friday were up 12 cents at $96 on Nasdaq. Tele Atlas shares were drink 8.6 percent at 29.33 euros and TomTom were up 6.4 percent at 60.38 euros.

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(NASDAQ: ) announced it is dropping its $3.3 billion bid for Tele Atlas. TomTom had bid $4.2 billion for Tele Atlas. GRMN a designer and manufacturer of navigation communication and information devices is recently up $20.00 to $104.12 in pre-open trading. GRMN overall option implied volatility of 62 is above its 26-week add up of 50 according to Track Data indicating larger price movement. (NYSE: ) is recently trading at $30 in pre-open trading above its close of $27.08. JBX reported Q4 EPS of 43 cents vs consensus estimates of 38 cents. JBX beat year same-store sales increased 6.1%. RBC Capital Markets says "JBX offers EPS guidance above estimates." JBX overall option implied volatility of 65 is above its 26-week add up of 32 according to bring in Data suggesting larger risk. Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall com. gratify keep your comments relevant to this blog entry. Email addresses are never displayed but they are required to confirm your comments. When you enter your name and telecommunicate address you'll be sent a link to confirm your comment and a password. To leave another mention just use that password. To act a be link simply type the URL (including http://) or telecommunicate address and we will alter it a live cerebrate for you. You can put up to 3 URLs in your comments. lie breaks and paragraphs are automatically converted — no need to use <p> or <br> tags. Find out why more populate track their portfolios on AOL Money & Finance then anywhere else.

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Cayman Islands — PR Newswire — Nov 16. ‘07 — Garmin Ltd announced today that its subsidiaries. Garmin International Inc and Garmin Corporation have signed a six-year extension to their agreement with NAVTEQ a leading provider of digital map data for location based solutions and vehicle navigation. The agreement allows Garmin to continue using NAVTEQ data through 2015 with an option to renew for an additional four-year period. In addition the parties have agreed to pursue expanded points of cooperation that will result in improved mapping quality and coverage worldwide and will drive further device innovation into the future. The parties did not disclose specific details of the agreement. “Garmin has partnered with NAVTEQ for many years. We utilize their map data in the majority of our products and we have always appreciated their commitment to the merchandise,” said Garmin CEO Dr. Min Kao. “Extending our agreement with NAVTEQ ensures the availability of quality mapping data for our customers and provides a basis for enhanced cooperation which is a win-win for both Garmin and NAVTEQ. We accept the outcome creates the beat value for Garmin our customers and stakeholders.” In addition and with reference to the touch release dated October 31. 2007. Garmin also announced today that in light of these developments it. Garmin is a leading worldwide provider of navigation communications and information devices with subsidiaries in the United States. Canada. Taiwan the United Kingdom. Germany. France. Brazil and Singapore with pending acquisitions in Denmark. Italy and Spain. More at.

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AMSTERDAM. Netherlands (AP) -- Garmin the world's largest maker of personal navigation devices withdrew a $3.3 billion takeover bid for Dutch digital mapmaker Tele Atlas NV on Friday clearing the way for rival TomTom. Separately. Garmin said struck a broach with Navteq Corp. the only other digital mapmaker other than Tele Atlas to undergo global operations guaranteeing access to Navteq maps through 2015. The navigation technology is undergoing rapid consolidation. Garmin's main rival. TomTom NV made the first takeover bid for Tele Atlas in July. Garmin upped the price tag by 15 percent with an ensuing bid and countered with an offer of 2.9 billion euros ($4.2 billion). In October. Finland's Nokia Corp announced measure month it was buying Navteq for $8.1 billion (5.7 billion euros). Friday's news sent TomTom shares surging 7 percent to 60.70 euros ($89.02) in Amsterdam while Tele Atlas shares dropped 8.7 percent to 29.30 euros ($42.97). Garmin shares were up strongly in pre-market trading in the U. S. Although Cayman Island-based Garmin buys its maps primarily from Navteq. Garmin said it felt forced to contend TomTom's bid for Tele Atlas to verify that both Navteq and Tele Atlas do not belong to competitors. The logic is the same for all device makers: Owning one of the map makers ordain allow tighter integration of digital maps with the products that display them. Garmin and TomTom announced Thursday that they had reached an out-of-court settlement over patent disputes leading many in the market to guess a compromise on Tele Atlas was not far away. Tele Atlas's come in has endorsed TomTom's current 30 euros ($43.95) per overlap bid. Den Bosch-based TomTom is Europe's largest maker of automotive navigation devices while Cayman Islands-based Garmin is larger in the U. S and overall. Garmin Ltd does use some Tele Atlas maps for regions in Asia and Nokia and TomTom have all given assurances that they will continue to change maps to all comers if they win their respective takeovers. © 2007 The Associated Press. All rights reserved. This material may not be published broadcast rewritten or redistributed. hit the books more about our. tour our other. All contents © Copyright TheUnion comThe Union - 464 Sutton Way - Grass Valley. CA 95945

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