|T O P I C R E V I E W
||Posted - 01 oct. 2007 : 14:47:56
News item on the portal
EDIT BY GPSPASSION
Nokia Agrees to Acquire
Navteq for $8.1 Billion
A WALL STREET JOURNAL ONLINE NEWS ROUNDUP
October 1, 2007 8:40 a.m.
Finnish mobile-phone giant Nokia Corp. agreed to acquire navigation-software maker Navteq Corp. for $8.1 billion, marking what would be one of its largest-ever corporate acquisitions.
Chicago-based Navteq is one of the world's leaders in electronic mapping, which enables in-vehicle navigation devices and a new generation of mobile-phone applications used for shopping, emergency services and advertising.
|12 L A T E S T R E P L I E S (Newest First)
||Posted - 06 oct. 2007 : 00:05:26
An article with a "doomsday" title, but it's not that bad after all http://www.pcmag.com/article2/0,1759,2192153,00.asp ;-)
||Posted - 02 oct. 2007 : 17:03:57
Actually they had bought the software division of Navteq, that produced among other things the SDAL format that helps GPS manufacturers interface between the navigation software and the actual maps.
||Posted - 02 oct. 2007 : 17:00:23
Can't understand what happened with Navigon and their NAVTEQ acqusition from 2006?
||Posted - 02 oct. 2007 : 16:57:14
I'm surprised that Google or Microsoft didn't buy it first though, but I'm not surprised that Nokia bought it as Nokia has bought various unrelated businesses in the past: WiFi manufacturer, software vendor etc.
||Posted - 02 oct. 2007 : 01:58:36
Sure, they wouldn't want to block out Garmin but as for TomTom with TeleAtlas it's hard not to imagine that they're expecting to get the same treatment as any old customer...
In a few months we've gone from a "simple" GPS world where there were independent chipset designers - map makers - software editors - device designers/manufacturers to something where the lines are blurred.
||Posted - 02 oct. 2007 : 01:45:41
Rob Sanderson of American Technology Research said Monday that while there is "little to no chance" that Nokia would prevent access to Navteq's maps, the double-digit price declines that have benefited Garmin are likely over.
"Also, this deal shows Nokia is moving aggressively into navigation on phones and other devices," Sanderson said in an interview. "This is a competitive threat to Garmin."
||Posted - 01 oct. 2007 : 20:46:31
Thanks for the link, I think he confused TomTom with Navteq at the end though ;-) Also "Nokia said it would continue to serve Navteq customers such as MapQuest" - hopefully includes Garmin !
||Posted - 01 oct. 2007 : 20:41:31
Here's a link to a story in Macworld via IDG that puts the two acquisitions (Navteq and TeleAtlas) in context:
||Posted - 01 oct. 2007 : 19:32:15
I know about N95 but I am lookning in to obtaining same functionality on a cellphone as I get with iGuidance on my laptop with no monthly fees...
Acquisition of Navteq by Nokia might bring me closer to my goal.
||Posted - 01 oct. 2007 : 18:53:11
Well you already have that on the N95 and 6110, the software isn't great and you can't add your own POIS, you can buy some from Nokia though...
||Posted - 01 oct. 2007 : 18:48:28
It looks like I will be coming back to Nokia camp when my next cellphone will most likely be Nokia with built in GPS receiver with preloaded Navteq maps on SD card...
||Posted - 01 oct. 2007 : 16:44:10
Yes doesn't sound like good news for the manufacurers (using Navteq maps, Garmin is down 12% as of now), Google or Microsoft seemed likelier candidates too.