Rumor: Navigon to Cease US Operations
OK, so I'll bite, the news on the coconut telegraph moves quickly and the rumor out there from my sources is that Navigon is about to cease operations in the US, shrunk its workforce and should be announcing this soon. If I were the NYT, I would have double checked, but hey, we're not, so we'll post this as a rumor and then we'll seek to confirm later. It is coming in from multiple sources at this point with some well placed people, but I will still put this out as a rumor until I see or hear differently.
If it is true, it would underscore the gravity of the economy, and the arduous market entry for a third player during these tough times. Navigon is no slouch, but they have not taken off yet with a slew of new introductions. We will see how this plays out.
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Posted by Scott Martin at April 30, 2009 8:28 PM
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