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   Technology StocksNVT - Source of GPS Software, Data, and Maps

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From: tech1016/11/2007 11:14:48 AM
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NAVTEQ Announces Release of First Turkey Map

Monday June 11, 8:30 am ET

Premier Map Provides Seamless Coverage From the Middle East to Eastern and Western Europe

CHICAGO, June 11 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE: NVT - News), a leading global provider of digital map data for vehicle navigation and location-based solutions, has announced its first release of digital map coverage in Turkey. The NAVTEQ® map of Turkey covers a population of more than 13 million and includes over 1,000 administrative places such as cities. The initial release contains over 28,000 kilometers of navigable roads for the cities of Istanbul and Ankara. The major highways, secondary roads, and arterial streets in these cities have been verified against 615+ validation rules and conform to NAVTEQ's standard global data specification. This attention to detail provides customers with a high quality dataset and allows them to use the data immediately with other NAVTEQ maps. Additionally, the NAVTEQ map of Turkey contains connector roads throughout the country, connecting the country's largest cities to each other and linking Turkey to Bulgaria and Greece.

"The addition of the Turkey map provides a seamless link between Europe and the Middle East where we have extensive coverage," stated Mary Hardwick, Vice President of Product Management Europe, Middle East and Africa. "Because NAVTEQ provides maps in standard formats using a single data specification, customers will be able to easily integrate the Turkey map into their regional solutions providing users of navigation, wireless location-based, and fleet optimization systems a continuous corridor of coverage from Oman to Portugal and Norway."

"Geographic analysts, deployed from Europe working along side local residents, assured that the map was built to the NAVTEQ global specification that incorporated local nuances," reported Christian Heyne, NAVTEQ Country Manager. "With our NAVTEQ team applying the NAVTEQ specification, our customers have the confidence that the map of Turkey will work in the same environment as any other NAVTEQ map they are currently using."

NAVTEQ has the largest single database specification coverage in the Middle East including, along with Turkey, maps for the following countries and territories: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and U.A.E.

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From: tech1016/13/2007 3:13:19 PM
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City aid helps keep Navteq in Chicago

By Mike Hughlett

Tribune staff reporter

Published June 13, 2007

Fast-growing digital map-maker Navteq Corp. will leave its current digs in Chicago's Merchandise Mart for new headquarters a mile away, helped by a $5 million subsidy from the city.

The subsidy, known as tax increment financing, or TIF, was historically designed to help rejuvenate blighted urban areas. But Mayor Richard Daley on Tuesday defended its use for Navteq, a vibrant firm moving to a gleaming skyscraper, saying TIF will help keep it from fleeing the city.

Navteq employs 550 at its headquarters, and it is expected to add 350 jobs in the next five years at its new home, the Boeing building at 100 N. Riverside Plaza. By January, Navteq's 15-year lease there will take up 230,000 square feet, compared to the 150,000 square feet it occupies now in the Merchandise Mart.

Navteq is one of Chicago's biggest technology success stories in recent years, its sales climbing from $110 million in 2001 to $582 million last year. It went public in August 2004, and as measured by market capitalization, Navteq is the region's 42nd-largest publicly traded company.

A haven for geographers, Navteq produces the digital maps found in car navigation systems and portable navigation devices made by Garmin and other firms. Its software also powers Internet map sites like Mapquest. Navteq and Tele Atlas, a Europe-based firm, dominate the digital mapping business.

In 2001, Navteq moved from Rosemont to the Merchandise Mart. With its lease set to expire in September, the company wanted to move into a larger, more technically up-to-date place.

It mulled moving its headquarters to the suburbs or Michigan or California, home to its largest customers, said Navteq Chief Executive Judson Green. "If we were to make the decision solely where are our customers are, we would not be here [in Chicago]," he said at press conference Tuesday to announce Navteq's relocation.

Green called the $5 million TIF incentive "very important" in swaying the company's decision to stay in Chicago. "We had the possibility of getting incentives in other places," he said, but declined to say if Navteq actually got an offer from another city.

Subsidies for corporate relocations are common. Just last year, United Airlines got a $5.25 million TIF incentive from the city to move its headquarters downtown from Elk Grove Township.

Incentives for corporate relocations have long been criticized by economists as wasteful giveaways, and TIF subsidies in particular are regarded by some critics as overused.

Much of Chicago's downtown -- including high-end office buildings -- is in TIF zones, said Mike Quigley, a Cook County commissioner critical of Chicago's TIF policies. "If you read the statute, a [TIF zone] is supposed to be a blighted area or a nearly blighted area."

Daley, at a press conference Tuesday, said "there's nothing wrong with TIF assistance" for corporate relocations. Without them, companies like Navteq would leave Chicago, he said. "They'd go to Naperville or New York. New York is offering huge bonuses."

Then when a firm flees, Daley added, "there'd be a big headline, 'Why does Mayor Daley let those companies move?' "

Navteq's TIF package will be used to help relocate the company and pay for upgrades in its new building, which is owned by Boeing. In return, Navteq -- in addition to growing its downtown workforce -- will create a job-recruiting program in conjunction with the city and donate $50,000 to non-profit organizations.

Navteq was founded in Silicon Valley in 1985 but moved to the Chicago area in the 1990s while still a fledgling company. Today Navteq has 2,800 employees worldwide and offices in 28 countries. ----------

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From: GPS Info6/13/2007 11:35:56 PM
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Navteq Expanding Infrastructure, Selects TransCore
Jun 4, 2007
GPS World
Navteq's Web site is adding additional roadside traffic sensors and consequently offering its traffic-data services in nine U.S. cities: Atlanta; Cincinnati; Columbus, Ohio; Indianapolis; Las Vegas; Sacramento, Calif.; Salt Lake City; San Jose, Calif.; and Raleigh, NC.

It is contracting with transportation services company TransCore to install digital roadside traffic sensors along expressways in and around these metropolitan areas, as well as provide maintenance of's existing infrastructure in various cities across the United States, the companies said.

"TransCore's presence in more than 20 states with a national footprint of 60 field offices across the U.S. provides us with necessary local expertise and service as’s U.S. commuter services and coverage continues to expand," stated John Collins,’s vice president for ITS and telematics

The digital sensor network, which TransCore will build out in these nine markets, continuously collects accurate, real-time traffic data and transmits it wirelessly to’s proprietary traffic information management system, according to Navteq and This data is combined with probe data and incident and event-related updates, which are then distributed across broadcast, Web and wireless platforms. This traffic information includes incident and accident reports, vehicle speeds, congestion levels, and travel and delay times.

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To: GPS Info who wrote (157)6/25/2007 1:26:04 PM
From: tech101
   of 211
Expecting NavTeq To Move On Bullish BoA Note

Posted on Jun 25th, 2007 with stocks: NVT

Notable Calls submits: Banc of America is out positive on NavTeq (NYSE:NVT) raising their 2007, 2008 and 2009 EPS estimate for Navteq to $1.40, $2.30 and $2.90 from $1.30, $1.70 and $2.15 respectively. May point of sale portable navigation device [PND] sales data, which the firm received last week, continues to show strong price elasticity of demand in the 6.5-7x range. As a result, they are increasing U.S. price elasticity assumption for 2007-2009.

Sales to the portable navigation device end market currently makes up roughly 25% of Navteq's revenues, so they now expect Navteq's total revenue growth to average 24% over the 2007-2009 timeframe from 17% prior. BAC's target goes to $56 from $45. Reiterates Buy.

Portable navigation market really is taking off in the U.S. Two percent penetration of portable navigation devices and declining prices should keep elasticity at these high levels for at least another 2-3 years. So they are raising their estimates for 2007, 2008 and 2009 portable navigation end market unit growth to 200%, 120% and 50% y/y from 160%, 100% and 40% prior. Firm notes they could still be conservative as they are assuming elasticity to decline 2 points over the next 2 years and are discounting no growth coming from countries outside North America and Europe.

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From: JakeStraw6/25/2007 2:51:35 PM
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NAVTEQ Tapped by Panasonic to Power its First U.S. Mobile Navigation System

Monday June 25, 2:36 pm ET

Strada CN-NVD905U offers NAVTEQ Traffic through SIRIUS Satellite Radio

CHICAGO, June 25 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE: NVT), a leading global provider of digital map data for location-based solutions and vehicle navigation, today announced that it has been selected to provide Panasonic, a leading manufacturer of consumer electronics, with NAVTEQ® digital map data for the United States, Canada and Puerto Rico for the recently launched Panasonic Strada CN-NVD905U. The navigation system will also feature SIRIUS Traffic available through SIRIUS Satellite Radio.

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From: tech1017/8/2007 8:32:37 PM
   of 211
TomTom ONE In-Depth Review

Verdict: Almost Perfect. Too Bad About the Mapping Data

This month TomTom released it's newest GPS, the highly anticipated TomTom ONE. I got my hands on the ONE and I completed my in-depth review of the unit.

The TomTom ONE is designed for people who want a GPS solely for navigation purposes, and are not looking for an integrated music or video player, don't want a photo viewer, Bluetooth hands-free speakerphone, blah blah... The ONE is all about navigation. In exchange for these features, what you get is a high-performance, well designed GPS for under $400. When I first started using the ONE, I was amazed at its small size and ease of use. In fact, the TomTom ONE would be the GPS to beat, were it not for its fatal flaw of Tele Atlas mapping data. More on that later in the review.


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To: tech101 who wrote (160)7/8/2007 8:34:23 PM
From: tech101
   of 211
TomTom ONE XL Review

Verdict: New Wide Screen. Same Old Problems.

TomTom's ONE XL is the wide-screen version of the TomTom ONE. Priced at around $400, the updated ONE XL sports a 4.3" wide display and adds support for TomTom's real-time traffic service.

Last year I reviewed the TomTom ONE, and although there was much to praise, the ONE suffered from poor maps (by TeleAtlas), terrible customer support, and a sub-par routing engine. Has TomTom fixed all that ailed the ONE and delivered a stylish, user-friendly wide-screen GPS for under $400?

Dutch manufacturer TomTom hit US shores with a splash in April 2006 with the highly anticipated TomTom GO 910. The GO 910 was one of the first GPS units to make use of SiRF's high performance StarIII receiver, and sold for around $800. In September 2006, TomTom followed the TomTom ONE, a price-friendly stylish GPS that aimed to bring the best of the GO 910 to the masses. Now TomTom is bringing a 4.3" wide display to the ONE, and calling it the ONE XL.

Table of Contents ......

The two largest mapping providers are NAVTEQ and TeleAtlas. Magellan, Garmin, LG, Yahoo Maps, MSN Maps, and most in-car OEM GPS systems all use NAVTEQ maps. All TomTom GPS devices use TeleAtlas maps. NAVTEQ has historically had more complete and accurate maps in North America than TeleAtlas, and in my recent "What to look for in a GPS" article, I recommend shopping for a GPS that uses NAVTEQ maps.

When I reviewed the TomTom GO 910 and TomTom ONE last year, without question the biggest problem was the poor quality maps and routing engine.


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From: tech1017/10/2007 5:25:25 PM
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[Very close to my opinion except that the Banc of America Analyst Ronald Tadross fails to point out that the proliferation of GPS with cellphones while push NVT a lot higher will may have a negative impact on Garmin. And the PDA GPS popularity will help NVT more than GRMN because the low priced PDAs will create severe competitions to GRMN]

Out of the Gate: Garmin Edges Up

Tuesday July 10, 10:28 am ET

Garmin Down From All-Time High, Analyst Says Rising Navigation Device Sales Are Priced In

NEW YORK (AP) -- Shares of personal navigation device maker Garmin Ltd. reached an all-time high for the third consecutive trading day Tuesday, but later retreated.
Garmin shares peaked at $79.64 in the first minutes of trading. Through Monday, the stock had advanced 41.5 percent in 2007.

After the markets closed on Monday, Banc of America analyst Ronald Tadross initiated coverage of Garmin with a "Neutral" rating and an $84 price target. He said more people will buy navigation devices as prices fall, putting the devices in more than a third of U.S. cars in the next three years.

Garmin has half of the market, he said.

However, Tadross believes most of those increased sales are already priced into the stock. He said shares of Navteq Corp., which provides digital map data used in systems like Garmin's, are less risky. Navteq is trading at a discount by comparison, he added.

Twelve analysts now rate Garmin stock at "Neutral" or the equivalent, while six rate Garmin shares at "Buy" and two at "Sell."

Garmin stock rose 36 cents to $79.25.

Navteq shares gained 80 cents to $44.25.

Questions or comments about this story should be directed to the Financial News desk of The Associated Press at (212) 621-7190.

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To: tech101 who wrote (162)7/10/2007 5:36:00 PM
From: tech101
   of 211
Nokia: GPS Will Be in Every Phone

Jo Best, ZDNet Australia

10 July 2007 05:32 PM

Once, phones with MP3 players and cameras included were considered high end. Today, such devices have become ubiquitous. Now, Nokia believes GPS functionality will soon follow the same path.

The world's biggest phone manufacturer has already started including GPS receivers into a handful of devices, including the N95, a self-styled multimedia computer and the Nokia 6110 Navigator . It's a trend that we're likely to see more of in the coming months, the Finnish mobile maker has revealed.

David Watkins, Multimedia Sales Director Nokia APAC, told ZDNet Australia that GPS will work its way from niche product to mainstream functionality and will one day be considered as ubiquitous as the cameraphone is today.

"We have product introductions as [a type functionality] scales across. GPS is not just for technology leaders or people juggling their life, it's really for anyone," he said. "It's a trend you will be seeing more of." The next wave of GPS-enabled Nokia phones are expected to be announced this September.

Nokia is hoping that such location-based services will go beyond their traditional capacity as direction finding equipment for those making unfamiliar road journeys to "discovery" technology, where users will use their mobiles to find their nearest coffee shop or post office.

So what comes next? Presence, apparently. "It will be about 'I know where my friends are, what presence status they're in' -- so who's available for coffee in the CBD right now, like with IM presence," Watkins said.

The company has already produced sports software that blends location based information with a user's speed and other information to help runners analyse their daily jog. Watkins said with millions of developers working on the S60 -- the Nokia-owned platform that runs on top of the Symbian mobile operating system, many more applications will be produced to capitalise on location-based services.

According to analysts Frost and Sullivan, the Asia-Pacific location-based services market will be worth around US$500 million by the end of 2009, up from US$291.7 million in 2006 last year.

Nokia currently uses Navteq as its mapping supplier and the pair are considering branching out from road and street maps to include more rural offerings for bushwalkers and those exploring more remote areas.

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From: JakeStraw7/16/2007 9:56:14 AM
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RBC Selects NAVTEQ Direct Access to Enhance Location Accuracy
Monday July 16, 8:30 am ET

Mobile Consumers Will Be Able to Reliably Locate More Than 6000 Branches and ATMs Across North America

CHICAGO, July 16 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE: NVT), a leading global provider of digital map data for location-based solutions and vehicle navigation, today announced that RBC, Canada's largest bank by assets, has chosen to participate in NAVTEQ's Direct Access program and provide thousands of its bank branch and ATM locations to mobile consumers using NAVTEQ digital maps in navigation systems and internet-based and wireless mapping applications.

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