Finance & Legal

Q&A with Peter Friedland, equity analyst at Soleil Group € - 01/03/2008

Peter Friedland is an equity research analyst with Soleil Group, based in the San Francisco Bay area and focusing on GPS and location-based services stocks. Meeting a few weeks ago with GPS Business News at the Navigation and...

TomTom’s open letter addresses Tele Atlas customers, EU concerns € - 12/18/2007

TomTom’s CEO Harold Goddijn today distributed an open letter to Tele Atlas customers to explain the rationale of the tele Atlas acquisition and put their mind at rest regarding this transaction and the possible consequences for their businesses....

GPS sales make U.S. retailers happy € - 12/18/2007

In posting its financial results today (three months ending December 1st), U.S. retailer Best Buy (1,300 stores) acknowledged strong sales in the GPS category during the quarter, stating: “Consumer electronics, which represented 41 percent of...

Atheros acquires u-Nav for $54m € - 12/17/2007

Atheros has announced it has signed a definitive agreement to acquire the assets and certain liabilities of u-Nav Microelectronics, a privately held fabless semiconductor company specializing in GPS chipsets. The acquisition of u-Nav expands...

NAVTEQ shareholders approved merger with Nokia € - 12/12/2007

NAVTEQ Corporation announced that its stockholders have approved the previously announced merger agreement entered into with Nokia at the special meeting of stockholders held today. Over 75% of the issued and outstanding...

NAVTEQ announces early termination of U.S. antitrust waiting period in connection with acquisition by Nokia € - 12/07/2007

NAVTEQ Corporation announced today that it has been granted early termination of the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), in connection with Nokia's pending acquisition of...

TomTom launches up to €500 million equity offering € - 12/03/2007

TomTom today announces that it will launch an equity offering of up to €500m with immediate effect to refinance part of the financing commitments put in place for the acquisition of Tele Atlas and to reduce financial leverage....

Garmin Completes Acquisition of Spanish Distributor € - 12/03/2007

Garmin announced on Friday it has completed the acquisition of Electronica Trepat S.A., the principal distributor of its consumer products in Spain. “The company will be renamed Garmin Iberia S.A. and will retain its management, sales, marketing and...

Garmin completed acquisition of Italian distributor € - 11/28/2007

Garmin announced yesterday that it has completed the acquisition of Synergy S.p.A., the distributor of Garmin's consumer products in Italy. The company will be renamed Garmin Italia S.p.A. and will retain its management, sales, marketing and...

EU Commission to carry in-depth examination of Tele Atlas acquisition - 11/28/2007

TomTom and Tele Atlas today announced that the European Commission has decided to initiate second phase review allowing the Commission to carry out an in-depth examination of the transaction and its market impact. The...

Garmin signs long-term agreement with Navteq, drops offer for Tele Atlas - 11/16/2007

Navteq and Garmin today announced the completion of a long-term agreement that provides Garmin access to NAVTEQ map data through 2015 with an option to continue through 2019. Garmin also announced today that in light of these developments it does...

Wayfinder announced Q3 2007 financial results - 11/15/2007

Wayfinder announced its financial results for the quarter ending September 30, 2007. Net sales for the first nine months of 2007 amounted to US$9.58 million, an increase of 188% against the same period last year. Revenue from services, Wayfinder´s...
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