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TomTom (OTC:TMOAF) Stock, Option Chain

TomTom NV is a software company specializing in Developing and selling navigation and location-based products and services, including maps, traffic, navigation software, and portable navigation devices. The company operates in two reporting segments; Location Technology and Consumer. The Location Technology Segment is engaged in developing and selling location-based application components such as maps, services, and navigation software to customers in different market segments. The Consumer segment generates revenue mainly from the sale of portable navigation devices and mobile applications. The majority of revenue is derived from the Location Technology Segment.

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Huawei Partners With TomTom To Develop Google Maps Alternative

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Here&#39;s Where To Invest If You Believe In Self-Driving Cars

TomTom NV

Chinese telecom giant Huawei Technologies Co. Ltd. is collaborating with Dutch digital maps supplier TomTom NV&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tmoaf#OTC">TMOAF</a>) to make an alternative to Google Maps for its phones, <a href="https://www.reuters.com/article/us-tomtom-huawei-tech/tomtom-closes-deal-with-huawei-for-use-of-maps-and-services-spokesman-idUSKBN1ZG1SW">according to Reuters</a>.
<h3>What Happened</h3>
Huawei can now use the Dutch digital mapping company&rsquo;s maps, traffic information, and navigation software to develop apps for its smartphones, a TomTom spokesperson told&nbsp;Reuters on Friday.
The deal, signed some time ago, was not made public until late last week, added the spokesperson.
<h3>Why It Matters</h3>
The U.S. Department of Commerce <a href="https://www.cnbc.com/2019/05/15/trump-signs-executive-order-declaring-national-emergency-over-threats-against-us-technology.html">banned</a> Huawei and placed the Chinese phone maker on its entity list, citing national security risks in May 2019.&nbsp;
Following the ban, Alphabet Inc&rsquo;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) Google <a href="https://www.cnbc.com/2019/05/20/google-stops-some-business-with-huawei-could-hit-its-global-smartphone-ambitions.html">suspended</a> all business activities with Huawei, including the transfer of software and key technical services, which forced Huawei to stop relying on Google&rsquo;s Android mobile operating system for its smartphones
The Chinese phone maker, at the time,&nbsp;<a href="https://www.benzinga.com/news/19/08/14239337/huawei-to-google-we-dont-need-you-anymore">responded</a> to Google, saying it would build&nbsp;its own operating system. Later in August, a report published in&nbsp;China Daily claimed Huawei <a href="https://www.theverge.com/2019/8/16/20809125/huawei-google-maps-mapping-service-yandex-apple-harmonyos">could develop</a> its&nbsp;&ldquo;mapping service,&rdquo; to challenge Google Maps&rsquo; dominance.
<h3>Price Action</h3>
TomTom&rsquo;s shares declined 0.96% to close at $11.25 on Monday.

CRZHF

ERRPF

<a href="https://www.reuters.com/article/us-tomtom-results/tomtom-fourth-quarter-beats-analyst-expectations-looks-to-future-idUSKCN1PV0O7" title="https://www.reuters.com/article/us-tomtom-results/tomtom-fourth-quarter-beats-analyst-expectations-looks-to-future-idUSKCN1PV0O7">https://www.reuters.com/article/us-tomtom-results/tomtom-fourth-quarter-beats-analyst-expectations-looks-to-future-idUSKCN1PV0O7</a>

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MSFT

TomTom Sees Significant Revenue Growth From Software Licensing In 2019, Citing Microsoft Deal

<div>
	TomTom (OTC: <a class="ticker" href="/stock/tmoaf#OTC">TMOAF</a>) and Baidu (NYSE: <a class="ticker" href="/stock/bidu#NYSE">BIDU</a>) announced today that they have joined forces to develop high definition (HD) maps for autonomous driving. Their collaboration on the development of a global HD map service combines TomTom and Baidu&rsquo;s expertise in HD map-making and artificial intelligence (AI). Baidu will leverage TomTom&rsquo;s Real-Time Map Platform to improve HD map-related technologies utilised in China.</div>
<div>
	&nbsp;</div>
<div>
	TomTom&rsquo;s HD Map and RoadDNA are two revolutionary, highly accurate, digital map products helping automated vehicles precisely locate themselves on the road and plan manoeuvres, even when traveling at high speeds. TomTom&rsquo;s HD Map already covers the USA* and Western Europe**, with over 360,000km of highways and interstates mapped. TomTom already sets a worldwide standard with TomTom real-time mapping technology that helps enable safe autonomous driving.</div>
<div>
	&nbsp;</div>
<div>
	Harold Goddijn, CEO, TomTom, said: &ldquo;With Baidu moving to TomTom&rsquo;s map making platform for high definition maps, we&rsquo;re creating a globally unified HD map service for OEMs and technology companies who are working on the future of driving. We are convinced that we can accelerate this future with smart partners like Baidu.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Qi Lu, COO, Baidu, commented: &ldquo;Autonomous driving is a paradigm shift for the automotive industry, and engineering and testing the systems to make it a reality is much less effort when those systems are globally identical. Our collaboration with TomTom creates a uniform global component in the form of a single HD map service, and further advances our open source self-driving car programme, Apollo.&rdquo;</div>
<div>
	&nbsp;</div>
<div>
	Baidu is a leading artificial intelligence company and a major mapping service provider in China. Leveraging its resource and capabilities in AI, the company has been developing HD maps since 2013, using smart technologies such as deep learning to help automate data processing and map creation. This past April, Baidu announced its open source autonomous driving platform, Apollo. The project aims to build a collaborative ecosystem for companies to work together and to promote the development and popularisation of autonomous driving technology.</div>
<div>
	&nbsp;</div>
<div>
	This announcement will not have a material financial impact on the current fiscal year. Entering into this partnership is in line with TomTom&rsquo;s strategy and is beneficial to its long-term development.</div>

BIDU

Tomtom, Baidu to Collaborate on Unified High Definition Maps for Autonomous Driving

The Internet of Things (IoT) has seen a flurry of innovation over the past few years as firms look to automate more and more aspects of the public&#39;s life.

	One of the most talked about developments in the growing push for automation has been self-driving cars, something several companies claim they will have up and running within the next decade.

	Although critics say a driverless car is still far from becoming a reality, some investors are looking to get in on the ground floor by investing in companies that are developing this type of technology.

	Big Names

	Google Inc&nbsp;(NASDAQ: <a class="ticker" href="/stock/goog#NASDAQ">GOOG</a>)(NASDAQ: <a class="ticker" href="/stock/googl#NASDAQ">GOOGL</a>) has been a big name in driverless technology; the company recently announced that it was working to begin testing its version of a self driving car as early as the end of 2015.

	Apple Inc. (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) has also been <a href="http://time.com/3709763/apple-car-lab/">rumored</a> to be working on its own self driving prototype.

	In February, Sony Corp (ADR) (NYSE: <a class="ticker" href="/stock/sne#NYSE">SNE</a>) tested the driverless car waters by <a href="http://www.ft.com/intl/cms/s/0/5e4ac168-b4c4-11e4-b2b0-00144feab7de.html?siteedition=intl#axzz3ZAJA6hDd">investing</a> more than $800,000 into a Japanese startup that focuses on developing autonomous vehicle technology.

	<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/news/15/05/5471090/teslas-new-battery-could-save-money-for-pot-growers">Tesla&#39;s New Battery Could Save Money For Pot Growers</a></bzrelatedlink>

	Components

	Big name companies aren&#39;t the only ones who stand to benefit from a driverless car revolution.

	Companies like Mobileye NV (NYSE: <a class="ticker" href="/stock/mbly#NYSE">MBLY</a>), which designs sensors that alert drivers of possible collisions and STMicroelectronics NV (ADR)&nbsp;(NYSE: <a class="ticker" href="/stock/stm#NYSE">STM</a>), which makes Mobileye&#39;s sensors, are also great plays in the autonomous vehicle space.

	Dutch navigation company TomTom NV (OTC: <a class="ticker" href="/stock/tmoaf#OTC">TMOAF</a>) could also see a<a href="http://www.reuters.com/article/2015/05/04/us-tomtom-autos-idUSKBN0NP0DZ20150504">major revival</a> with the advent of driverless cars as the company&#39;s extensive location data could become a necessity for firms looking to roll out automated cars.

Here's Where To Invest If You Believe In Self-Driving Cars

In a move that could intensify the battle between Android and iOS, Apple (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) has reportedly acquired an indoor GPS company to begin mapping malls, airports and other hotspots.

According to <a href="http://online.wsj.com/article/SB10001424127887323466204578380684177624580.html">The Wall Street Journal</a>, Apple may have paid as much as $20 million for WiFiSLAM, a two-year-old startup.

While the deal has not been announced publicly, there are already signs that the company is under new management.

The company's Twitter page, <a href="https://twitter.com/wifislam">@WiFiSLAM</a>, has not been updated with a new tweet since January 23. That account links to <a href="http://www.wifislam.com">WiFiSLAM.com</a>, which appears to have been shut down.

<a href="https://angel.co/about">AngelList</a>, which runs a platform for startups, has updated its listing of WiFiSLAM to <a href="https://angel.co/wifislam">announce that it had been acquired</a> by Apple.

Founded by Joseph Huang (a former software engineer intern at Google), Jessica Tsoong, Darin Tay and Dave Millman, WiFiSLAM developed technology to pinpoint a smartphone's location within 2.5 meters. The company uses ambient Wi-Fi signals (which are already present in many buildings) to provide this info in real-time.

By acquiring WiFiSLAM, Apple will be able to bring indoor maps of malls, airports, convention halls and other indoor complexes to iOS.

Apple is not the first company to explore the possibilities of indoor maps, however. Two years ago, Google (NASDAQ: <a class="ticker" href="/stock/goog#NASDAQ">GOOG</a>) announced that it would bring indoor maps exclusively to its mobile phone platform, Android. 

IKEA, Mall of America and Home Depot (NYSE: <a class="ticker" href="/stock/hd#NYSE">HD</a>) were among the first businesses Google supported with indoor maps. Chicago O'Hare, San Francisco International and Hartsfield-Jackson Atlanta International Airport were some of the first airports supported by the initiative.

Google, which employs <a href="http://edgar.secdatabase.com/1404/119312513028362/filing-main.htm">more than 53,000 people</a>, developed most of its mapping technology in-house. While Apple has more individuals on its payroll (<a href="http://www.macrumors.com/2012/10/31/apples-2012-annual-report-more-employees-more-office-space-more-sales/">72,800</a> as of October 2012), the company has enlisted in the help of outsiders to build and tweak its various mapping tools.

Apple stunned the world when it announced that Google Maps would not be included as the default maps app with iOS 6. The iPhone maker replaced Google Maps with its own application (which was simply titled "Maps"), promising users that it would <a href="http://www.apple.com/iphone/features/">deliver</a> a "better way" for users to find their destination.

That goal proved to be a greater challenge than Apple anticipated, leading to a legion of complaints and an <a href="http://www.benzinga.com/news/12/09/2949876/apple-apologizes-for-atrocious-maps-app-recommends-alternatives">official apology</a> from the company's CEO, Tim Cook.

Noam Bardin, the CEO of Waze (a community-based traffic and navigation app for iOS and Android), was one of Apple's harshest critics.

"Apple went out and partnered with the weakest player," he told <a href="http://www.businessinsider.com/waze-ios-6-apple-maps-2012-9">Business Insider</a>, referring to TomTom (OTC: <a class="ticker" href="/stock/tmoaf#OTC">TMOAF</a>). "They're now coming out with the lowest, weakest data set and they're competing against Google, which has the highest data set."

Months later, rumors circulated that Apple would swallow its pride and <a href="http://www.benzinga.com/news/13/01/3212575/apple-to-buy-company-that-bashed-its-maps-app">acquire Waze</a> for as much as $400 million. That rumor <a href="http://www.benzinga.com/news/13/01/3213801/apple-is-not-planning-to-buy-waze-the-company-that-bashed-its-maps-app">appears to have been false</a>.

Louis Bedigian is the Senior Tech Analyst and Features Writer of Benzinga. You can reach him at 248-636-1322 or louis@benzingapro.com. Follow him <a href="http://twitter.com/LouisBedigianBZ">@LouisBedigianBZ</a>

Rumors

Success Stories

Apple Wants to Map Your Favorite Malls and Airports

TomTom Business Solutions (OTC: <a class="ticker" href="/stock/tmoaf#OTC">TMOAF</a>) has joined forces with stolen vehicle recovery 
 specialist LoJack (NASDAQ: <a class="ticker" href="/stock/lojn#NASDAQ">LOJN</a>) to expand the North American distribution network for 
 its market-leading fleet management technology.
 LoJack will market, sell and support TomTom's range of fleet management 
 solutions through its extensive dealership network, helping businesses 
 become more efficient, cut costs and improve customer service.
 “This strategic alliance enables both companies to strengthen their 
 position as best-in-class providers of automotive technology,” said 
 Thomas Schmidt, TomTom Business Solutions, Managing Director.
 “LoJack's far-reaching market presence will introduce TomTom's fleet 
 management technology to new business markets in North America and 
 enable existing LoJack customers to benefit from
 <a href="http://www.benzinga.com/pressreleases/13/01/b3268934/tomtom-and-lojack-form-strategic-alliance-to-deliver-fleet-efficiency-a">See full press release</a>

Earnings

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LOJN

TomTom and LoJack Form Strategic Alliance 

Contrary to a <a href="http://www.benzinga.com/news/13/01/3212575/apple-to-buy-company-that-bashed-its-maps-app">previous report</a>, Apple (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) has no interest in acquiring Waze.

Designed to be a crowd-sourced app that draws traffic data from its community of users, Waze made headlines when its CEO, Noam Bardin, told <a href="http://www.businessinsider.com/waze-ios-6-apple-maps-2012-9">Business Insider</a> that Apple was foolish to partner with TomTom (OTC: <a class="ticker" href="/stock/tmoaf#OTC">TMOAF</a>).

"Apple went out and partnered with the weakest player," he said. "They're now coming out with the lowest, weakest data set and they're competing against Google, which has the highest data set."

Despite his complaints, rumors began to spread that Apple was interested in acquiring the firm for as much as $500 million. The iPhone maker was expected to use Waze to bolster the effectiveness and reliability of its own Maps app.

Now <a href="http://news.cnet.com/8301-13579_3-57561865-37/apple-has-no-plans-to-buy-social-navigation-company-waze/">CNET</a> is reporting that the rumor is completely false.

"A source familiar with Apple's thinking has told CNET that reports that Waze would be acquired by the iPhone maker are completely 'fabricated,'" CNET's Don Reisinger wrote. "The person told CNET that Apple has no plans to acquire Waze, and discussions are currently not being held between the companies."

While one unnamed source cannot automatically discredit another unnamed source, this is an interesting response for a rumor that is only a couple days old.

Apple closed down more than one percent today. Garmin (NASDAQ: <a class="ticker" href="/stock/grmn#NASDAQ">GRMN</a>), the world leader in GPS device manufacturing, closed down less than one percent.

Follow me <a href="http://twitter.com/LouisBedigianBZ">@LouisBedigianBZ</a>

GRMN

Apple is Not Planning to Buy Waze, the Company That Bashed its Maps App

Apple (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) is reportedly interested in acquiring <a href="http://www.waze.com/">Waze</a>, a community-based traffic and navigation app for iOS and Android.

According to <a href="http://techcrunch.com/2013/01/02/is-apple-plotting-a-route-to-a-waze-acquisition-rumours-on-the-road-point-to-yes/">TechCrunch</a>, Waze was the only app to gain "meaningful market share" after Apple's own mapping program failed. The company believes that it has a lot to offer and reportedly wants as much as $750 million for the buyout. Apple hopes to pay $400 million plus $100 million in incentives.

By acquiring Waze, Apple would gain access to 30 million drivers who already use the app. These drivers make up the Waze community, which uses real-time info to provide users with the fastest route to any particular destination. The app also alerts drivers as they approach police, accidents, road hazards and traffic jams.

While the <a href="https://itunes.apple.com/us/app/waze-social-gps-traffic-gas/id323229106?mt=8">current iteration</a> is reportedly filled with bugs that cause it to crash, Waze has a 4.5 star rating across all versions of the app. The CNET user score is <a href="http://download.cnet.com/Waze-social-GPS-traffic-gas/3000-12940_4-75048597.html">slightly lower</a>, but the level of reviewer praise seems to be just as extreme. 

"Waze is definitely the best navigation on the App Store to date," one user wrote in July. "It gives turn by turn directions and tells you where cops are or where there is a large amount of traffic. AND IT'S FREE!!!!"

Numerous reports have claimed that Apple already licenses some of Waze's technology, but neither company will confirm those rumors. Regardless, Waze CEO Noam Bardin did not hold back in telling <a href="http://www.businessinsider.com/waze-ios-6-apple-maps-2012-9">Business Insider</a> exactly what he thought of Apple's ill-fated Maps app.

"Apple went out and partnered with the weakest player," he said, referring to TomTom (OTC: <a class="ticker" href="/stock/tmoaf#OTC">TMOAF</a>). "They're now coming out with the lowest, weakest data set and they're competing against Google, which has the highest data set."

Apple surprised the world when it ousted Google Maps (NASDAQ: <a class="ticker" href="/stock/goog#NASDAQ">GOOG</a>) from iOS 6. The search engine giant recently released a new Google Maps app to rectify the situation. In the days after its released, <a href="http://www.benzinga.com/news/12/12/3182822/google-maps-downloaded-10-million-times-on-ios-6">more than 10 million people</a> downloaded the app to iOS 6.

In addition to Waze, Apple <a href="http://www.benzinga.com/news/12/12/3168149/rumor-apple-to-spend-billions-on-tomtom-to-fix-maps">is rumored</a> to be interested in acquiring TomTom. With a market cap of more than $2 billion, TomTom would be considerably more expensive than Waze.

Follow me <a href="http://twitter.com/LouisBedigianBZ">@LouisBedigianBZ</a>

Apple to Buy Company that Bashed its Maps App

There is a lot of speculation surrounding the arrival of Google (NASDAQ: <a class="ticker" href="/stock/goog#NASDAQ">GOOG</a>) Maps on iOS 6. Most argue that this is a big win for Google and a huge loss for Apple (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>), which may have lost any hope of persuading users to stick with its own Maps app. At least one analyst believes that Apple will <a href="http://www.computerworld.com/s/article/9234730/Google_Maps_return_to_iOS_may_not_be_permanent_says_analyst?source=rss_keyword_edpicks">oust Google Maps</a> in the distant future in an attempt to force users to switch.

Others believe that Google made a mistake in providing a new app to iOS 6. They say that the search engine giant would have been wiser to hold onto Google Maps and use it to drive sales of Android devices.

All of these arguments have a point. Apple might have to give up the dream of dominating the navigation industry. The iPhone maker could <a href="http://www.benzinga.com/news/12/12/3168149/rumor-apple-to-spend-billions-on-tomtom-to-fix-maps">acquire a major GPS maker</a>, such as Garmin (NASDAQ: <a class="ticker" href="/stock/grmn#NASDAQ">GRMN</a>) or TomTom (OTC: <a class="ticker" href="/stock/tmoaf#OTC">TMOAF</a>), fix iOS Maps and kick Google out. Google might simply bail on iOS and tell users to purchase an Android phone.

None of these scenarios are going to come true, and there is a simple reason for that. In each case, nobody wins. By being greedy, Google will inadvertently reduce its user base. In doing so, fewer people will use Google's services, which will slowly erode the business.

Similarly, if Apple ever decides to force its users to switch to the Maps app, they will be given a viable reason to drop the iPhone and switch to Android instead. Up until this point, Apple has not done that. While Apple and Android enthusiasts will forever argue about which platform is better, the reality is that both of them are equally great. Apple could lose millions of customers if it did something to change that.

This is why Apple and Google will continue to coexist as they did before Apple erroneously ousted Google Maps from iOS. Instead of kissing and making up, however, Apple will simply leave the door open for Google to walk through whenever it pleases.

In 2013, Apple will likely say that it has made great strides in perfecting its own mapping application. By 2014, the company might even claim that it has the best navigational tool available. Regardless of how Apple's Maps app performs, Google Maps will remain on iOS.

Google has the brand, resources and creative knowhow to continue innovating far faster than Apple in this regard. Not even TomTom -- which would cost Apple billions to acquire -- could change that. Software, particularly areas that involve a degree of search, is Google's territory.

Hardware is Apple's territory. This is why Apple designs the Lexus of the computer world, AKA the MacBook Pro and MacBook Air. Google Maps is the Lexus of the navigation industry. The Chromebook, however, is more like a used Toyota (NYSE: <a class="ticker" href="/stock/tm#NYSE">TM</a>). It serves its purpose, but it is far from a luxury automobile.

Follow me <a href="http://twitter.com/LouisBedigianBZ">@LouisBedigianBZ</a>

Why Google Maps is a Win for Everyone, Including Apple

Google (NASDAQ: <a class="ticker" href="/stock/goog#NASDAQ">GOOG</a>) has brought its famous mapping application back to Apple's (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) iDevices with a new iteration that is designed specifically for iOS 6. This is big news for Google, but will it be enough to erase the bad memories incurred by Apple's lackluster Maps app?

For some users, those memories may never fade away. While Apple has been slowly repairing the faulty directions provided by its mapping application, the company had to act quickly after learning that Australian motorists were being stranded in a <a href="http://www.benzinga.com/news/12/12/3159429/apple-maps-could-be-deadly-to-australian-motorists">dangerous environment</a>. Drivers in search of Mildura, Victoria were mistakenly directed to the middle of Murray Sunset National Park. The park -- which has no water supply and can reach temperatures above 100 degrees Fahrenheit -- is several dozen miles away from Mildura.

Thus far, that seems to be the biggest problem caused by Apple's Maps app. Throughout the rest of the world, consumers are typically amused or baffled by the application's performance. "Compared with Google Maps, Apple's map app sucks," Fortune's Philip Elmer-Dewitt wrote in an <a href="http://tech.fortune.cnn.com/2012/09/19/the-verdict-on-apples-new-map-app-compared-with-google-maps-it-sucks/">editorial</a> earlier this year. His comments echoed the words of countless tech bloggers and reporters.

One clever individual decided to humorously chronicle the endless list of Maps blunders (which continue to this day) at <a href="http://theamazingios6maps.tumblr.com/">theamazingios6maps.tumblr.com</a>.

Days after these and other complaints began to circulate worldwide, Apple CEO Tim Cook <a href="http://www.benzinga.com/news/12/09/2949876/apple-apologizes-for-atrocious-maps-app-recommends-alternatives">publicly apologized</a> for the mess his company created. He also reportedly <a href="http://www.benzinga.com/news/12/11/3085420/scott-forstall-and-steven-sinofskys-next-job">fired a top executive</a>, Scott Forstall, because he would not apologize for the ailing application.

Apple is <a href="http://www.benzinga.com/news/12/12/3168149/rumor-apple-to-spend-billions-on-tomtom-to-fix-maps">rumored</a> to be interested in acquiring TomTom (OTC: <a class="ticker" href="/stock/tmoaf#OTC">TMOAF</a>) -- the company that provides its GPS data to iOS 6 -- to provide a more permanent solution for the Maps app. However, it is not in Apple's character to spend billions acquiring one firm. The investment would be very expensive -- TomTom's market cap is greater than $2.3 billion.

Now that Google has brought its famous mapping application to iOS 6, Apple may not need to bother. In the few hours after is release, Google Maps became the most popular free app available on the App Store. Investors <a href="http://www.benzinga.com/news/12/12/3170637/google-shares-charge-through-700-level">responded</a> by pushing the stock above $700.

Follow me <a href="http://twitter.com/LouisBedigianBZ">@LouisBedigianBZ</a>

Can Google Maps Erase Bad iOS 6 Memories?

Apple (NASDAQ: <a class="ticker" href="/stock/aapl#NASDAQ">AAPL</a>) is rumored to be interested in acquiring TomTom (OTC: <a class="ticker" href="/stock/tmoaf#OTC">TMOAF</a>), the leading company that provides GPS services for the iOS 6 mapping application.

According to <a href="http://www.bloomberg.com/news/2012-12-12/tomtom-rises-as-rabo-forsees-move-by-apple-for-takeover.html">Bloomberg</a>, Rabobank analayst Hans Slob believes that the two firms will come together. 

"TomTom needs the cash from Apple, and Apple needs the know-how of TomTom," said Slob. He estimates that TomTom -- which is up nearly seven percent today -- could receive as much as 10 euros per share.

While Apple suffered a tremendous setback after it dropped Google (NASDAQ: <a class="ticker" href="/stock/goog#NASDAQ">GOOG</a>) Maps from iOS 6, TomTom has been performing quite well. The stock has risen more than six percent since September and is up more than 23 percent year-to-date.

Despite the increased competition, Garmin (NASDAQ: <a class="ticker" href="/stock/grmn#NASDAQ">GRMN</a>) has managed to weather the storm. The GPS maker -- which is down nearly two percent today -- lost <a href="http://www.benzinga.com/news/12/06/2659153/garmin-plummets-9-as-apple-unveils-new-maps">roughly nine percent of its value</a> last June when Apple unveiled its first Maps app. Regardless, the company has managed to keep its head above water, rising more than 16 percent over the last month and more than seven percent year-to-date.

Thus far, the botched Maps app has not <a href="http://www.benzinga.com/news/12/10/2960699/how-badly-did-apples-maps-blunder-hurt-ios-6">prevented eager consumers</a> from picking up an iPhone 5. It did, however, cause a number of problems for Australian motorists, prompting local police to <a href="http://www.benzinga.com/news/12/12/3159429/apple-maps-could-be-deadly-to-australian-motorists">warn against</a> the use of the "potentially life-threatening" Maps app. It may have also contributed to the decline of Apple's shares, which have fallen more than 19 percent over the last three months.

On Tuesday Apple announced that it had <a href="http://www.wired.com/gadgetlab/2012/12/apple-maps-dangerous-down-under/">fixed</a> its mapping issues in Australia. The company is currently attempting to improve the Maps app for the rest of the world.

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Rumor: Apple to Spend Billions on TomTom to Fix Maps

TomTom NV (OTC: <a class="ticker" href="/stock/tmoaf#OTC">TMOAF</a>) reported a 10% drop in its operating profit for the second quarter. 

TomTom's quarterly revenue declined 17% to EUR262 million. Its net profit came in at EUR9 million, versus a year-ago net loss of EUR489 million. 

TomTom maintained its forecast for 2012.

TomTom shares closed at $3.60 yesterday.

TomTom Q2 Operating Profit Down 10%

Kimberly-Clark Corp (NYSE: <a class="ticker" href="/stock/kmb#NYSE">KMB</a>) reported a 6.3% drop in its Q3 profit. Kimberly-Clark's quarterly profit declined to $458 million, or $1.09 per share, from $489 million, or $1.14 per share, in the year-ago period. On an adjusted basis, Kimberly-Clark's earnings came in at $1.26 per share. Its net sales came in at $5.38 billion. However, analysts were expecting earnings of $1.26 per share on sales of $5.29 billion.

Caterpillar Inc (NYSE: <a class="ticker" href="/stock/cat#NYSE">CAT</a>) reported a rise in its Q3 profit on Monday. Caterpillar's quarterly profit rose to $1.14 billion, or $1.71 per share, from $792 million, or $1.22 per share, in the year-earlier period. Its revenue surged to $15.72 billion from $10.45 billion. Excluding one-time items, Caterpillar's earnings came in at $1.93 per share. However, analysts were expecting earnings of $1.63 per share. 

Eaton Corp (NYSE: <a class="ticker" href="/stock/etn#NYSE">ETN</a>) reported a 36% rise in its Q3 earnings. Eaton reported its quarterly profit at $365 million, or $1.07 per share, up from $268 million, or $0.78 per share, in the year-ago period. Excluding other items, the company's earnings came in at $1.08 per share, versus the company's target of $1.03 to $1.13 per share. Eaton's sales climbed 15% to $4.12 billion, versus analysts' estimates of $4.18 billion. For the year, Eaton now projects operating profit of $3.95 to $4.05 per share, versus its prior forecast of $3.90 to $4.10 per share. For the current quarter, Eaton projects operating earnings in a range of $1.06 to $1.16 per share, versus analysts' estimates of $1.09 per share. 

Lorillard Inc (NYSE: <a class="ticker" href="/stock/lo#NYSE">LO</a>) reported a 2.6% drop in its Q3 net income. Lorillard's quarterly profit dropped to $267 million, from $274 million, in the year-ago period. Its earnings per share gained to $1.94 from $1.81 as shares outstanding dropped 9.6% to 137 million. Lorillard's sales climbed to $1.62 billion from $1.57 billion. However, analysts were expecting a profit of $2.03 per share.

VF Corp (NYSE: <a class="ticker" href="/stock/vfc#NYSE">VFC</a>) reported a 24% surge in its Q1 profit. VFC's quarterly profit climbed to $300.7 million, or $2.69 per share, from $242.8 million, or $2.22 per share, in the year-earlier period. Its adjusted profit came in at $2.87 per share. VFC's revenue jumped 23% to $2.75 billion. However, analysts were expecting earnings of $2.57 per share on revenue of $2.61 billion. VFC lifted its 2011 adjusted earnings forecast to $8.15 per share, from $7.50 per share, versus analysts' estimates of $7.88 per share. It also increased its dividend by 14% to $0.72 per share.

Bank of Hawaii Corp (NYSE: <a class="ticker" href="/stock/boh#NYSE">BOH</a>) reported a 1.7% drop in its third-quarter earnings. Bank of Hawaii reported its quarterly profit at $43.3 million, or $0.92 per share, versus $44.1 million, or $0.91 per share, in the year-ago period. Its revenue dropped 8.7% to $147.6 million. However, analysts were expecting earnings of $0.83 per share on revenue of $147 million. 

Cigna Corp (NYSE: <a class="ticker" href="/stock/ci#NYSE">CI</a>) reported a 39% rise in its Q2 earnings and lifted its 2011 earnings forecast. Cigna reported its quarterly profit at $408 million, or $1.50 per share, up from $294 million, or $1.06 per share, in the year-ago period. Excluding other items, Cigna's earnings came in at $1.53 per share. Its revenue gained 2.9% to $5.51 billion. Analysts were expecting earnings of $1.29 on revenue of $5.32 billion. Cigna lifted its 2011 earnings forecast to $4.95 to $5.25 per share, from its earlier forecast of $4.65 to $5 per share.

Invesco Ltd (NYSE: <a class="ticker" href="/stock/ivz#NYSE">IVZ</a>) reported an 8% rise in its third-quarter net income. Invesco reported its quarterly earnings at $166.9 million, or $0.36 per share, up from $154.7 million, or $0.32 per share, in the year-ago period. Excluding certain items, Invesco's earnings came in at $0.42 per share. However, analysts were expecting earnings of $0.41 per share. Its revenue gained 4% to $706.1 million from $681.9 million.

Roper Industries Inc (NYSE: <a class="ticker" href="/stock/rop#NYSE">ROP</a>) reported a rise in its third-quarter profit and lifted its full-year forecast. Roper projects 2011 profit of $4.29 to $4.33 per share, up from its earlier forecast of $4.20 to $4.30 per share. Roper's quarterly net income surged to $110.3 million, or $1.12 per share, from $84.3 million, or $0.87 per share, in the year-ago period. Its sales gained 18% to $712.7 million. However, analysts were expecting earnings of $1.08 per share on revenue of $719 million.

Landstar System Inc (NASDAQ: <a class="ticker" href="/stock/lstr#NASDAQ">LSTR</a>) reported a 45% surge in its Q3 earnings per share and issued upbeat Q4 earnings forecast. Landstar reported its quarterly net income at $30.2 million, or $0.64 per share, up from $21.8 million, or $0.44 per share, in the year-ago quarter. Its revenue gained to $684 million from $622.8 million. However, analysts were expecting profit of $0.62 per share on revenue of $679.7 million.

TomTom NV (OTC: <a class="ticker" href="/stock/tmoaf#OTC">TMOAF</a>) reported a 53% rise in its Q3 net income. TomTom's quarterly profit surged to 29 million euros, or €0.13 euro per share, from €19 million, or €0.09 euro per share, in the year-ago period. Its adjusted profit per share came in at €0.18. TomTom's revenue dropped to €336 million from €375 million. For the year, TomTom projects adjusted profit of €0.25 to €0.3 euro per share on revenue of €1.23 billion to €1.28 billion.

KDDI Corp (OTC: <a class="ticker" href="/stock/kddiy#OTC">KDDIY</a>) reported a 4.8% rise its net profit for the three months through September. KDDI's net profit for the fiscal second quarter surged to Y68.19 billion, from Y65.05 billion, in the year-ago period. Its operating profit climbed 6.8% to Y126.65 billion, while revenue gained 3.0% to Y878.32 billion from Y852.42 billion. For this fiscal year, KDDI projects a 2% drop in its net profit, a 0.7% rise in its operating profit and a 0.7% rise in its revenue.

Pre-Market Outlook

KDDIY

LSTR

Earnings Roundup 

TomTom NV (OTC: <a class="ticker" href="/stock/tmoaf#OTC">TMOAF</a>) reported a 53% rise in its Q3 net income. 

TomTom's quarterly profit surged to 29 million euros, or €0.13 euro per share, from €19 million, or €0.09 euro per share, in the year-ago period. Its adjusted profit per share came in at €0.18. TomTom's revenue dropped to €336 million from €375 million. 

For the year, TomTom projects adjusted profit of €0.25 to €0.3 euro per share on revenue of €1.23 billion to €1.28 billion.

TomTom Reports 53% Surge In Q3 Net Income

TomTom NV (OTC: TMOAF) swung to a loss in the second quarter on Friday.

TomTom reported a quarterly loss of 489 million euros ($704 million), versus a profit of €34 million, in the year-earlier period. Its sales declined 13% y/y to €314 million, from €362 million. 

TomTom projects 2011 earnings between €0.25 and €0.30 per share, excluding impairment and revenue between €1.23 billion and €1.28 billion.

TomTom Swings To Loss In Second Quarter

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