New York-listed Garmin is mystery bidder for Raymarine - SailNet Community

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  #1  
Old 05-20-2008
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New York-listed Garmin is mystery bidder for Raymarine

Thought you all might want to see this... Personally, I'm less than thrilled. It means less competition in the marine electronics space from the manufacturer / supplier side, and if Garmin succeeds it matches a heavy handed marketing consumer products company with what has been a first class producer of real marine grade electronics. (full disclosure - I own some Raymarine shares "RYMRF" ). Read more (Telegraph.co.uk)

Raymarine, the London-listed supplier of electrical products to leisure boats, is thought to have attracted a takeover approach from Garmin, the $10bn mobile navigation device company, in a deal that could be worth as much as £200m.
Sources close to the deal said that Raymarine would be an ideal fit for Garmin, which is listed on Nasdaq, the technology-heavy New York-based exchange.
A number of private equity companies are also thought to be eyeing Raymarine. (full article)
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Old 05-20-2008
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Rob-

Just FYI, this was already posted a day or so ago.
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Old 05-20-2008
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Quote:
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Rob-

Just FYI, this was already posted a day or so ago.
Which thread? I missed it, or it was entitled something sailnetty like "OH NO", or "you gotta see this " or maybe "Wassssup!!"
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Old 05-20-2008
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If you can't beat your competition; buy'em

My biggest concern is about the support for legacy Raymarine products via Garmin. I don't think Garmin is a bad company per-se to take over Raymarine; it started by producing military-grade GPS units IIRC. They are a diverse company and the non-marine consumer sector is the "high profile" sector.

The other thread is here:

Garmin to BID on Raymarine
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Old 05-20-2008
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Thanks for posting it as I missed the other thread as well.
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Old 05-20-2008
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Well thats more straight forward than I thought it'd be.
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Old 05-20-2008
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Well, if this will add compatibility among devices (such that Garmin would support Seatalk directly) - that would be great. Somehow I doubt it though.
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Old 05-20-2008
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So now maybe I won't have to buy a Colorado handheld (Garmin) just to get the charts that come included with it but that would cost near $400 to buy on a micro SD card for my 76csx (Garmin) - all of which I already have on an NT+ card for my Raymarine c70...oh nevermind.

I'm just tired of paying for the same data several times.
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Old 05-20-2008
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Quote:
Originally Posted by Pamlicotraveler View Post
So now maybe I won't have to buy a Colorado handheld (Garmin) just to get the charts that come included with it but that would cost near $400 to buy on a micro SD card for my 76csx (Garmin) - all of which I already have on an NT+ card for my Raymarine c70...oh nevermind.

I'm just tired of paying for the same data several times.
Get the universal adapter silly
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Old 05-20-2008
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Quote:
Originally Posted by Pamlicotraveler View Post
I'm just tired of paying for the same data several times.
I'm PO'ed at the fact I can't get a plotter to use the data I've already paid for with my taxes.

When is someone going to start utilizing the NOAA vector & raster chart data on a plotter?
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