09 Aug '11, 2pm

TomTom is working on an Android app:

Analysis: Losing their way, PND makers in dash for new revenue Companies: Google Inc. Garmin Ltd. TeleNav, Inc. Topics: Commodities Related Quotes Symbol Price Change GOOG 573.41 +27.39 GRMN 31.99 +0.99 TNAV 9.25 +0.80 TSYS 4.24 +0.04 Follow these stocks {"s" : "goog,grmn,tnav,tsys","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} On Tuesday 9 August 2011, 20:55 SGT By Sayantani Ghosh and Roberta Cowan BANGALORE/AMSTERDAM (Reuters) - Demand for personal navigation devices (PNDs), the must-have gadget of recent years, is declining as traffic and mapping functions become almost standard in cars and mobiles, forcing Garmin Ltd and Dutch rival TomTom NV to find new revenue drivers to get profits back on course. Garmin expects the North American PND market to shrink by 25 percent this year and Europe by up to 10 percent. TomTom anticipates a 15-20 percent ...

Full article: http://sg.finance.yahoo.com/news/Analysis-Losing-way-PND-...

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