From: October 2007

Garmin Admits They Are Scared

By making an insanely large late bid for Tele-Atlas , Garmin has shown their hand. They are telling the big institutions that they are desperate for the digital mapmaking relationships and are willing to pay up to keep them. With Navteq (NVT) now gone to Nokia, obviously Garmin (GRMN) management felt that they were vulnerable. …