I had written earlier about Navteq (Navteq: Bright Future If Managed well and Place and Location Services Growth Fuels Navteq). Well, this morning, Nokia is announcing that they are acquiring Navteq for $8.1 Billion in cash. Navteq’s stock had risen steadily recently upon acquisition speculation. Since I last wrote about Navteq on August 2, the
Last month-end when Navteq (NYSE:NVT) reported a blistering Q2 results and subsequently started moving northward, the other notable GPS stock that too began rising was Garmin (NASDAQ: GRMN). At first this rise seemed to be a bullish sentiment working in favor of GPS stocks across the board, but it soon became clear that GRMN too
If there is ever a perfect marriage, this could be it. Tom Tom’s (AMS: TOM2) planned acquisition of Tele Atlas (AMS: TA) is perfect in more senses than one. For one thing, both are Dutch companies, with synergistic businesses, and a merger integration will be dramatically easier based on that reason alone. But of course,
Navteq is an interesting company that “provides digital map information, and related software and services for use in various navigation, mapping, and geographic-related applications, including products and services that provide maps, driving directions, turn-by-turn route guidance, fleet management and tracking, and geographic information systems. The company offers these products and services to end users by