Google versus Personal Navigation Devices
This space is really heating up. It will be interesting watching it all play out with consumers and on Wall Street…
Google creates roadblock for TomTom, Garmin, Nokia
Google’s (GOOG.O) foray into phone-based navigation makes it unlikely that TomTom (TOM2.AS), Garmin (GRMN.O) and Nokia (NOK1V.HE) will ever recoup their big recent investments in navigation technology.
“The new Google navigation software for Android is a serious threat to TomTom, Garmin, and Nokia’s navigation devices,” said Pablo Perez-Fernandez, analyst at MKM Partners, referring to Google’s Android software for running mobile phones.
Read more at www.reuters.com




