Garmin-Asus Joint Venture Ending in January 2011?

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Swiss company Garmin joined forces with Taiwanese manufacturer Asus nearly two years ago, early 2009, to bring jointly-branded devices to the market.

According to the Chinese publication Economic Daily News, the joint venture will break apart after two years of collaboration, in January 2011, information that is also confirmed by Engadget’s sources. Garmin’s CFO Kevin Rauckman was not satisfied about sales at the end of September, stating these were up to “only 2,700 million mobile phones”. After the break-up, the two companies will return to what they did before, namely Garmin will continue to offer its navigation services to manufacturers as well as GPS and Asus will get back to its mobile devices.

Source: Economic Daily News

Via: Engadget

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