The new TomTom data facility is opening in Pune, India.
- Money Control
TomTom GPS devices are offered with the purchse of select Chevrolet vehicle purchases in the U.S. "Customers who purchase a 2009 or newer Camaro, Colorado, Cobalt, Express, Impala or HHR. Customers who purchase one of these vehicles will have the option to choose from the TomTom VIA 1405 or VIA 1505."
- press release
New voices for TomTom units are available: Springfield's Mr. Burns and Marge Simpson.
- press release
by Adena Schutzberg on 02/01 at 03:00 AM |
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TomTom NV announced Thursday a plan to cut 10% of its global workforce (457 jobs, 255 of which are redundant) and reorganize its research and development program. R&D activities will be organized into 10 product units to improve ROI, and increase the control its salesforce has over what's being developed based on customer feedback, and speed time to market.
The company will take a EUR14 million charge in the fourth quarter, mainly related to the job cuts. The big loser for TomTom is the PND arena, which saw a 19% decline in sales on an annual basis in the third quarter.
- WSJ
by Adena Schutzberg on 12/08 at 04:44 AM |
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TomTom, the Dutch navigation equipment and digital map maker, said it will cut 50 million euros ($69.7 million) in costs, including jobs, to help improve profitability as it posted a dip in quarterly sales on lower demand and falling prices.
An increase of 50% in net revenue over Q3 last year was mostly due to currency exchange rates and lower interest rates as debt declines; sales were in fact down 10%.
“We have started a restructuring program which will focus our organization on the areas where we see the greatest potential for growth, of which Automotive and Content & Services are clear examples,” said Chief Executive Harold Goddijn in a statement.
He did not details exactly where job cuts would be.
- Reuters
- WSJ
by Adena Schutzberg on 10/24 at 03:56 AM |
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Nokia plans to use signals from Russia's GLONASS satellite navigation network in its phones, along with GPS signals, as of next year. That's good news for Russia as it works to complete the constellation.
- Reuters
A victim in a MegaBus crash in New York State is suing the company. Among other complaints, the plaintiff argues that GPS would have prevented the accident in which the bus missed an exit and later ran into a low bridge. The company bans GPS devices from its busses.
- Philly.com
ABI research reports that the Launch of Nike/TomTom’s GPS fitness watch and other promised products in the fitness GPS space will push shipments beyond the 10 million mark.
- ABI Research press release
by Adena Schutzberg on 08/10 at 03:03 AM |
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Dutch navigation equipment maker TomTom (TOM2.AS) said sales of its flagship product fell 16 percent in the first quarter and cut its revenue forecast as it sees an even bigger contraction in the global market in 2011.
Reuters reports that the company had expected 10-15% contraction in sales of PNDs worldwide but now revises that to 15-20%.
- Reuters
Nokia is laying off 4000 and sending 3000 to Accenture to work on Symbian. There are rumors (phone scoop) about a reorg and refocus for NAVTEQ but nothing announced yet.
- AP
by Adena Schutzberg on 04/27 at 04:03 AM |
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