Sales Drop as Garmin Navigates Poor Economy

Even as Garmin (NASDAQ:GRMN) remains the company of choice for US consumers buying GPS devices, the recession and its impact on discretionary spending have hit the manufacturer hard, as was evident in the company’s Q1 results. Revenues and earnings not only fell significantly, but also missed analysts’ estimates by quite a margin.

Nokia Buys Navteq, “Place” Becomes Key

I had written earlier about Navteq (Navteq: Bright Future If Managed well and Place and Location Services Growth Fuels Navteq). Well, this morning, Nokia is announcing that they are acquiring Navteq for $8.1 Billion in cash. Navteq’s stock had risen steadily recently upon acquisition speculation. Since I last wrote about Navteq on August 2, the

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Web 3.0 = (4C + P + VS) + Place

Yes, we need to add a new variable to the definition of Web 3.0, and that variable is Place. Imagine. You are on a business trip in New York, and you need to buy a gift for your 13 year old son. You need a Size 8 Nike Air Zoom, and you have exactly 30

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Garmin Looks Great, But …

Last month-end when Navteq (NYSE:NVT) reported a blistering Q2 results and subsequently started moving northward, the other notable GPS stock that too began rising was Garmin (NASDAQ: GRMN). At first this rise seemed to be a bullish sentiment working in favor of GPS stocks across the board, but it soon became clear that GRMN too

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