Garmin to BID on Raymarine - SailNet Community
 
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post #1 of 8 Old 05-18-2008 Thread Starter
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Garmin to BID on Raymarine

Rueters Story

Thought I would pass that long ...

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post #2 of 8 Old 05-18-2008
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The new company will be named Garmarine and directions to HQ will be using Wgs 84 standard.

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post #3 of 8 Old 05-18-2008
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Well, that would go along with the recent push that Garmin has made into broadening their product line.

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post #4 of 8 Old 05-18-2008
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I thought about buying Garmin stock before its run up (wish I had), but now it's hard to say if it's a buy yet...might be a long time before another run up even if it buys Raymarine. If Garmin does buy, and keeps Raymarine intact, that would help Raymarine's stock first...decisions, decisions
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post #5 of 8 Old 05-18-2008
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My speculation...
IF Garmin does buy Ray, they can do 2 things...disolve Ray and force everybody to Garmin or keep Ray as a second product line.
If they dump the Ray name, there should be some good bargains on closeout stuff. But either way, they will have a lock on marine electronics and prices will go up.
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post #6 of 8 Old 05-20-2008
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My vote for the new name of the mergered marine divisions is "Gaymarine"

2'nd thread on this over on the Gear/Maint thread here:

New York-listed Garmin is mystery bidder for Raymarine
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post #7 of 8 Old 05-25-2008 Thread Starter
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Well looks like that prospect is off...

Raymarine takover talks stop, quarter sales down

-- Jody

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post #8 of 8 Old 05-25-2008
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Quote:
Originally Posted by artbyjody View Post
Well looks like that prospect is off...

Raymarine takover talks stop, quarter sales down
According to the article "Boat electronics specialist Raymarine said takeover talks have been terminated and added that first quarter underlying sales were below last year."...So were Garmin's...big time. This sub prime debacle ran much deeper than the 'experts' thought it would.
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