Nokia To Buy Navteq

Nokia is buying Navteq

Here are some links:

CNN Money:
Nokia Buys Navteq In Bid To Broaden Web Data Offerings (http://money.cnn.com/news/newsfeeds/articles/newstex/IBD-0001-19959009.htm)

The New York Times:
Nokia to Buy Navteq for 8.1 Billion (http://dealbook.blogs.nytimes.com/2007/10/01/nokia-in-talks-to-acquire-navteq-report-says/)

The Wall Street Journal:
Garmin Tumbles on Navteq-Nokia Deal (http://online.wsj.com/article/SB119124492475644851.html?mod=googlenews_wsj)

Reuters:
Nokia in talks to acquire Navteq (http://www.reuters.com/article/vbcSmallBusiness/idUSL0110873720071002)

-marvin

Here's another one --

Navteq - In The Right Direction? (http://www.rttnews.com/sp/breakingnews.asp?date=10/02/2007&item=64)

They mention Microsoft -- "Sep 4 - Microsoft Corp. (MSFT) said it would buy Navteq's map of Mexican roadways to put to use in Microsoft Streets & Tips, Microsoft MapPoint, Live Search Maps and MSN. Terms of the deal were not disclosed. The stock gained 4.4% and rose to $65.80."

And from the Economist --

"For now, both Nokia and TomTom are likely to stick to their promise to keep selling the same maps they use themselves to competitors such as Google. After all, neither wants to reduce the paltry profits of their new purchases by jettisoning big clients. But in the long run, the temptation to raise prices and to give their own PNDs and services privileged access to maps may prove overwhelming."

http://www.economist.com/displaystory.cfm?story_id=9916519

I'm not sure I've seen the acronym PND before.. maybe it's a British thing. PND = Personal Navigation Device

More on the topic from PCMag --

"The deals nonetheless are cause for concern among GPS companies like TeleNav, which provides navigation services for mobile phones to 13 carriers in 20 countries. TeleNav has used Navteq and TeleAtlas for map information for "many years", said HP Jin, chief executive of TeleNav.

"News of the TeleAtlas-TomTom pairing was of concern to Jin due to potential conflicts of interest. "Nokia, in a way, will be able to offer a service that is competing with what we offer," he said in an interview. "The same thing with TomTom."

Nokia Deal May Spell Death for GPS Devices - News and Analysis by PC Magazine (http://www.pcmag.com/article2/0,1759,2192153,00.asp)