It is a good time to revisit the rapidly improving world of satellite navigation gizmos after TomTom (AMS:TOM2) issued its second profits warning of the year on Tuesday. There are three firms who specialize in navigation software, but the issue is how it is delivered, be it via a personal navigation device (PND) or an application on a Smartphone. The share price of the other two companies – Garmin (NASDAQ:GRMN) and Telenav (NASDAQ:TNAV) – reacted only partially to TomTom’s news. We will look to see what the professional investors are predicting when the cycle of change plays out.
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