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Technology Stocks : NVT - Source of GPS Software, Data, and Maps
NVT 17.30-4.6%4:00 PM EDT

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From: tech1017/31/2007 4:25:15 PM
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NVT Q2 Result:

Revenue $202 million vs. $180 estimated
Earning 41 cents vs 27 estimated
Full Year Guidance revenue $780-795 million vs $747.13 original
Full Year Guidance earning estimates $1.45-1.50 vs 1.34 original.

The following forward-looking statements reflect NAVTEQ management's expectations as of July 31, 2007. Management is revising its full-year outlook primarily as a result of the company's strong first half performance and better-than-expected growth trends in maps for portable devices. For the fiscal year 2007, NAVTEQ expects revenue of $780 million to $795 million and earnings per diluted share of $1.45 to $1.50. These ranges assume an effective worldwide tax rate of approximately 29%, an average U.S. dollar/euro exchange rate of $1.35, and average diluted shares outstanding of approximately 99.6 million on a full year basis
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