Oct
29th
Thu
29th
Garmin’s shares fell 16 percent to $31.45 on Nasdaq, while TomTom’s shares closed around 21 percent lower on the Amsterdam Stock Exchange.
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Based on news that Google Maps on the new Verizon Droid has turn-by-turn directions (bringing the phone one step closer to replacing the stand-alone GPS)
Also in this article: “TomTom, based in Amsterdam, introduced a $100 navigation application for the iPhone in August.”
… I know this is old news, but who thought it was a good idea to release a $100 iPhone app that is just a hair better than what you could get for free a few months ago and can get for free now…
Google’s Free GPS for Phones Threatens Garmin and TomTom - NYTimes.com