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ContinuousWave: Small Boat Electrical
Raymarine-Garmin Deal Off
|Author||Topic: Raymarine-Garmin Deal Off|
posted 12-18-2009 04:42 PM ET (US)
I'm hoping [the announcement from Raymarine that talks with Garmin about aquisition of Raymarine have ended] is a good thing. I wasn't too thrilled with a Garmin deal.
posted 12-18-2009 08:59 PM ET (US)
The future of Raymarine as a marine electronics manufacturer does seem to be a bit in doubt due to their financial situation. The value of their stock has declined 95-percent from its peak. However, their marine electronic products are generally excellent and are considered top-rate.
posted 12-20-2009 10:16 AM ET (US)
Although Raymarine has said the deal is off with Garmin, it sounds like there maybe another interested buyer. See:
posted 12-21-2009 07:17 PM ET (US)
The latest article doesn't really say much. My reading of these "tea leaves" is that the future for Raymarine looks pretty bleak.
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