TOMTOM wieder im Aufwind (Seite 17)

[canadaforce]

Was die ganzen ANALysten schreiben ist für den Arsch, die haben am wenigsten eine Ahnung

[canadaforce]

Na, keine grosse interesse an der Aktie aber wie der Warren schon sagte: "Die meisten Leute interessieren sich für Aktien, wenn alle anderen es tun. Die beste Zeit ist aber, wenn sich niemand für Aktien interessiert."

Bei dem Preis muss man einsteigen, wer weiss vieleicht kommt eine Übernahme.

[meinolf67]

27.10.2008 13:30
PREVIEW-Garmin, TomTom may lower full-year outlook

NEW YORK BANGALORE/AMSTERDAM, Oct 27 (Reuters) - U.S.-based navigation device maker Garmin (News) and Dutch rival TomTom (News/Aktienkurs) may lower their full-year outlooks as a squeeze in consumer spending crimps demand.

The industry's top rivals report third-quarter results this week and investors are likely to focus on the near-term outlook and how a looming recession will affect the market for personal navigation devices (PND), one of the fastest-growing consumer electronics categories in recent years.

Last quarter, Garmin, the biggest U.S. maker of navigation devices, said the PND market was not growing as fast as it expected and consumers were becoming more cost-conscious.

Garmin already cut its full-year EPS forecast by 6 percent in July and its revenue forecast by 13 percent and delayed the launch of its smartphone called nuvifone. Given the current macroeconomic slowdown, some analysts expect that there will be a further cut.

The average analyst forecast for 2008 earnings excluding exceptional items now stands at $3.94 per share, below Garmin's forecast of $4.13 per share excluding currency effects, Reuters Estimates data shows. Similarly, analysts expect full-year revenue of $3.81 billion, below Garmin's $3.9 billion forecast.

'Given limited visibility from the macro environment, average selling price pressures, and demand issues, we believe Garmin will further reduce 2008 guidance,' Wedbush Morgan Securities analyst Scott Sutherland said in a research note.

For TomTom, most analysts no longer expect the company to reach its forecast for selling 14-15 million navigation devices this year with the consensus now around 13.8 million, according to TomTom. The revenue consensus stands at 1.93 billion euros, just below TomTom's forecast for 1.95-2.15 billion euros.

This has also raised concerns that the company may need to raise additional capital to meet covenants on debt it took to buy digital map maker Tele Atlas.

STEADY SLIDE

Shares in Europe's biggest maker of navigation devices have fallen steadily over the past year and trade near all-time lows.

At 5.94 euros per share on Monday, TomTom's market capitalisation has dropped below 800 million euros compared with the 2.9 billion euros it paid for Tele Atlas.

Garmin shares have lost more than 80 percent of their value since touching a 52-week high of $125.68 as intense competition and new entrants weigh on its prices and margins. The share closed at $21.26 on the Nasdaq on Friday.

While Wall Street does not seem to be optimistic about the near-term outlook, one thing that stood out was the restraint the two companies showed in pricing their products in the third quarter -- at least in the U.S. market.

'Cutting prices was no longer generating significant incremental demand and they both had the discipline to ease off the pedal and maximize profits rather than volume,' said Yair Reiner of Oppenheimer&Co. 'Pricing has really stabilized, and if anything, has strengthened.'

However, some analysts warned the two companies may again resort to cutting prices in the fourth quarter as they try to gain market share.

TomTom's third-quarter sales are expected at 466 million euros, up from 453 million euros in the second quarter due to the full consolidation of Tele Atlas, the average in a Reuters poll of 13 analysts showed.

TomTom is expected to have sold 2.9 million navigation devices, less than the 3.1 million in the second quarter. Earnings before interest and tax (EBIT) are expected to fall by 16 percent from the second quarter to 77 million euros.

Garmin's earnings are expected at 83 cents, before items, on revenue of $857.9 million, according to Reuters Estimates.

(Editing by David Cowell) Keywords: GARMIN TOMTOM/

Chuck Mikolajczak

cm

[Doppelvize]

Antwort auf Beitrag Nr.: 35.164.425 von BankerBoy am 18.09.08 10:35:03

Bitte um eine Quelle!

Logitech passt irgendwie nicht dazu....

[Xetraparasit]

Eine Übernahme der 123 Mio Aktien von Tom2 zu 20 Euro scheint mir eher ein Gag zu sein. Erst Recht nachdem TomTo rund 2,7 Mrd. Euro den Tele Atlas Aktionären spendiert hat. Aber in diesen Tagen ist alles möglich.

[BankerBoy]

guten morgen zusammen,

tomtom sieht derzeit sehr interessant aus.

heute morgen habe ich in einer zeitung in einem nebensatz von einem artikel bei dem es um die firma logitech ging, dass diese evtl. an einer übernahme von tomtom interessiert sind.

charttechnisch haben wir einen schönen doppelboden der nach unten einen engen stopploss ermöglicht.

ich bin heute mal bei 13.30 eingestiegen mit SL 12.10

sollte an dem gerücht was dran sein sind sicher kurse um 20 EUR drin.

BB

[Shareholdershope]

Moin Zusammen,

nach der völlig innovationslosen Vorstellung auf der IFA, der nicht marktfähigen Idee dem Kunden in Zukunft das Geld per Abo abzuknöpfen, dem Preisverfall durch Graumarktgeräte und dem katastrophalen Support, wird der Kurs seine Reise Richtung Süden auch ohne neues Navi fortsetzen.


Beste Grüße

Claudia

[meinolf67]

testposi aufgemacht

[Magicbroker]

also ich finde Tele Atlas attraktiver, falls es mit EU keine Probleme gibt.

Nachricht zum TomTom von heute angeblich:



TomTom 1st Quarter Net Profit Falls 83%, Still Committed To TeleAtlas

By Tjeerd Wiersma


AMSTERDAM (MarketWatch) -- Navigation solutions provider TomTom NV (38705.AE) Wednesday reported an 83% fall in first-quarter net profit, but said it remained committed to the acquisition of Tele Atlas (23394.AE). First-quarter net profit fell to EUR7.3 million from EUR44 million in the same period last year. The figure was below analyst forecasts of EUR8.9 million. First-quarter sales were EUR264 million, down 11% from last year's EUR296 million. Analysts had forecast EUR269 million. TomTom earlier this month lowered its outlook for 2008. In an unexpected trading statement on April 8, it said it expected first-quarter revenue of EUR260 million to EUR270 million, lower than in the first quarter of 2007, with an operating margin of a low single digit percentage. The Amsterdam-based company said that for the full year, it now expects revenue between EUR1.8 billion to EUR2 billion, an operating margin of 20% and a gross margin close to 40%.

Keine Handlungsempfehlung!

[Diamantenschleifer]

Tele Atlas wird mittelfristig der Mühlstein an TomTom Hals sein.
Mal sehen wie lange TomTom das enorme Investitionstempo in die Kartendatenbank von Nokia bei Navteq mitgehen kann, um gleiche Qualitätsstandards bieten zu können. Die Tele Atlas Ergebnisse letzte Woche waren bereits grottenschlecht.