Tag: Financial
Comtech Fires CEO Peterman
Citing conduct unrelated to the business, Comtech Telecommunications CMTL 8.83%↑ terminated Ken Peterman as president and CEO and have removed him from its board of directors.
"The Board is committed to...
Trimble Reports 2023 Earnings, Gives 2024 Guidance
Trimble $TRMB reported nearly $3.8 billion in 2023 revenue—a 3 percent year-over-year increase—and expects to report income between $3.57 billion and $3.67 billion this year.
In...
TomTom Reports 2023 Results, Records $2.7 Billion Auto Backlog
Due to flat automotive demand, TomTom said it would see level sales this year as a backlog of auto orders expires. The company, which reported...
Everfield’s Acquisition of Visioglobe Fits Company Strategy
Although announced in late October, Everfield’s purchase of French navigation provider Visioglobe fits well with the company’s acquisition strategy, which focuses on vertical market software solutions, a...
U-blox Wins Patent Infringement Lawsuit against Techtotop, Announces Largest Investor
Thalwil, Switzerland-based u-blox has announced that the Chinese Supreme Court has ruled in its favor in a patent infringement claim filed by Techtotop Microelectronic Technology Co.
The company said...
TomTom Reports Quarterly Loss, Partners With Terra Visus
Driven by stronger automotive division sales, digital mapping company TomTom last week reported smaller than expected losses for its third quarter. The company reported a...
Weekly Product News
Yaletown Partners Invests in oneNav
Yaletown Partners have invested in Sunnyvale, Calif.-based oneNav, which recently rolled out its pureL5 Acquisition Receiver Core (pARC) GNSS augmentation product. Financial details were...
BAE’s $5.6 Billion Purchase of Ball Aerospace Consolidates Military GPS
Already a major GPS military user equipment provider, BAE Systems looks to the U.S. government space market with acquisition…
While last week’s $5.6 billion purchase...
INRIX Secures $70 Million Financing
Connected vehicle and traffic intelligence company INRIX has secured a $70 million financing round from funds managed by Morgan Stanley Investment Management. The funding will be used...
Google Is Laying Off Waze Employees
Despite saying there would be no layoffs in December, Google is transitioning its ad business
Google GOOG 1.88%↑ is laying off employees at its map company Waze, CNBC reported this week. ...
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