Thursday, February 12, 2009

TomTom

A few years ago, the entry of one company, TomTom changed the portable GPS market in it's entirety. A very bad navigator, I used to thank my stars, the US government and TomTom, in that order. The US government for setting up a free sattelite system for the world and TomTom for singlehandedly putting intuitive navigation in the palm of a hand. Having used Garmin, Magellan, Pioneer etc.etc I can vouch that TomTom is the friendliest of all. Easily, the Nokia of GPS devices.

Unfortunately, the company grew too fast and took on a load of debt. It is currently quoted at it's lowest at € 4.20 and is showing no revival since last 6 months. The product is still the best and the stock very worthwhile to buy should it start showing life again.

TOM2 quoted on Amsterdam index.

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