Last week, Kevin Rauckman, Chief Financial Officer at Garmin spoke at the Barclays Capital Global Technology Conference and indicated that Garmin’s fourth quarter through Black Friday was in line with expectations in terms of margins, the number of units sold and the average selling price per unit. Kevin Rauckman...

Last month speed camera warning specialist Coyote System was sentenced by a French court to pay €75,000 to its competitor GPS Prevent for copyright infringement. The French court found that Coyote System had copied a speed camera database created by GPS Prevent and resold it to a third party. The third party was not held...

TomTom today announced it has acquired ilocal, a business listings company based in Amersfoort, the Netherlands. ilocal which employs 70 people owns a database of categorized and geo-referenced business listings in the Netherlands (www.ilocal.nl) and Belgium (www.ilocal.be). The company is said to have “technologies in...

Announced this week, the acquisition of Networks In Motion (NIM) by Telecommunication Systems (TCS) for $170 million, is marking another chapter for the LBS industry in the United States. This acquisition took place just one month after TeleNav - NIM’s biggest competitor - announced its initial filing for an IPO and that Google...

TeleCommunication Systems, Inc. (TCS) (NASDAQ: TSYS), a large provider of mission-critical wireless communications, today announced that it has entered into a definitive merger agreement to acquire mobile navigation provider Networks In Motion, Inc., for an aggregate of $170 million. The merger consideration will be...

Earlier this week Japanese marine electronics equipment Furono announced the acquisition of eRide Inc., a fabless GPS semiconductor maker, based in San Francisco, Cal. and founded in 1999 by former Trimble employees. the amount of the transaction was not disclosed. eRide had formed partnerships with several Japanese...

Location-based ad network 1020 Placecast announced last week it raised $5 million in Series B funding from a group of venture capital firms including Quatrex Capital and current investors ONSET Ventures and Voyager Capital. The company said that “the new round of funding will be used to accelerate progress on the...

Japan's Pioneer has filed a complaint with the U.S. International Trade Commission against navigation supplier Garmin, alleging some of its products infringe on Pioneer patents related to navigation. Pioneer already filed a complaint on October 9, 2009 against Garmin and its associated companies in the German District...

Garmin today reported its financial results for the third quarter 2009 showing a 10% revenue decline (at $781 million), but offset by strong improvements in gross margin (52.4% compared to 44.3% in third quarter 2008) and operating margin (30.3% compared to 24.6%). As a result pro forma earnings per share (excluding the effect...

Following its recent acquisition of Kannad (read story), Orolia SA is reinforcing its position on the location beacon market in buying McMurdo, a division of Digital Angel Corporation based in the United Kingdom, for $10 million cash. Orolia is a world leader in atomic clocks and synchronization systems. Jean-Yves...

The Sunnyvale company, which announced 11 million customers and $110 million annual revenue, does not seem to be afraid of Google's free navigation launched last week. With a business concentrated in the hands of two US wireless operator TeleNav is betting on a bright future; will the investors follow?

TomTom today announced its third quarter financial results with revenue of €365 million (€429 in Q3 08), operating result of €70 million (€93 in Q3 08) and operating margin of 19%. The net result was €31 million against €58 million (a 47% decrease) in the same quarter last year. The net cash flow from operating...