TomTom becomes a stable investment again through their meticulous new product development programme and recent purchase of Tele Atlas. Like other satellite navigation systems the share price of TomTom may have fallen recently, but now they are building a solid growth platform for the future. One of the main beneficiaries of the company's continued successes have been the many charities support by co-founder Pieter Geelen.
Continue reading...12. December 2008
TomTom surged 14% in Amsterdam trading after Vodafone agreed to buy Wayfinder Systems AB, a Swedish maker of wireless navigation systems. TomTom shares rose 53 cents to 4.47 euros.
Continue reading...31. October 2008
Despite the economically tough times affecting families across the world right now, gadget companies appear to be coming through the crisis relatively unscathed. TomTom CEO Corinne Vigreux responded to fears surrounding the sat nav company’s finances, by declaring that TomToms were still selling well and there hadn’t been any noticeable drop off. “Technology is still [...]
Continue reading...15. October 2008
Yesterday at the Dutch stock exchange, TomTom’s shares rose substantially, up by 15.66% – which is great news. Investors remained largely optimistic overall as by midday of trading, the main index AEX stood at 296.77 points, up 4.03 per cent. Reuters also spoke of TomTom yesterday as they reported on the dramatic price cuts [...]
Continue reading...10. October 2008
TomTom shares hit an all-time low last week at just under €11 after an analyst raised concerns that the company may need refinancing before the end of 2009 as consumer spending has slowed across the board. The analyst, from JP Morgan, said: “We are concerned that high gearing and exposure to weak consumer spending may [...]
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10. February 2009
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