NAVTEQ Purchased by Nokia: Implications for LBS and for Beginners
Not known Factual Statements About Mergers & Acquisitions - atlas industry - MandAsoft
Jones stated, as more producers construct international positioning satellite receivers into handsets and eventually, generate sales from services selling detailed mapping information."We are beginning to see this removing," Mr. Jones stated. "We see a big chance for handset suppliers and think that having maps in your pocket and something that can discover things or locate you will be a plus." Find Out More Here , an analyst in London at research study firm Informa Telecoms and Media, said Nokia's purchase of Navteq would make it possible for the phone maker to stop the slide in prices and volume projection for the market.
6 percent annual development from 2007 through 2012. In addition, the average list prices of a lot of handsets is decreasing by an average of 10 percent each year, Mr. Byrne stated. "Against this background, the addition of navigational software application to high- and mid-end phone models ought to assist Nokia stop the decrease in average sales price," Mr.
Here, a division of Nokia Success Story - ProgressSee This Report about Nokia Buys Navteq For $8 Billion, Bets Big On Location-Based
He noted that GPS receivers tend to draw down cellphone batteries quickly and viewing screens are still little. However in the next 2 to 3 years, Mr. Byrne said he anticipated Nokia and other makers to establish designs that will benefit from GPS tracking functions.
Can Nokia pull itself back from the edge? - Digital TrendsNokia has revealed plans to acquire Navteq, the people behind the maps in your GPS system. The Finnish business is paying $78 per share, less the $400 million money that Navteq has in the bank. That pertains to a tremendous $7. 7 billion. This reveals that Nokia is severe about GPS.
Is Microsoft buying Nokia too cheaply? Here's how the deal scales against other recent acquisitions in techThe smart Trick of Nokia Acquires NavTeq - Fast Company That Nobody is Talking About
Nokia is definitely innovating, but it might also be feeling the heat from a particular competitor, and a few of its recent actions smack of panic.Press release [Nokia] Nokia sees GPS phone lineup broadening [Reuters]
Navteq, Type, Public, MarketGPS data and services, Navigation software application, Founded1985 (Karlin & Collins, Inc.)1987 (Navigation Technologies Corporation) 2004 (NAVTEQ)Defunct2011 (2011) (Changed by Nokia HereFate, Merged into parent Nokia to become Nokia HereHeadquartersChicago, Illinois, United States, Secret individuals, Michael Halbherr, EVPRevenue, US$ 853 Million (at 2007-12-31 prior to takeover)US$ 226 Million (at 2007-12-31 prior to takeover)US$ 173 Million (at 2007-12-31 prior to takeover)US$ 1.