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

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From: JakeStraw9/5/2007 11:33:10 AM
   of 211
NAVTEQ Traffic RDS(TM) Announced as a Standard Lifetime Service in all 2008 Mercedes-Benz S-Class and CL-Class Vehicles
Wednesday September 5, 11:03 am ET

CHICAGO, Sept. 5 /PRNewswire-FirstCall/ -- NAVTEQ Corporation (NYSE: NVT), a leading global provider of digital maps for vehicle navigation and location-based solutions, today announced with Mercedes-Benz USA (MBUSA) that NAVTEQ Traffic RDS (Radio Data System) is now available as a standard, lifetime traffic service in all 2008 Mercedes-Benz S-Class and CL-Class automobiles. This marks the first lifetime traffic service offering by an automotive manufacturer delivered via NAVTEQ Traffic RDS, and included as a standard feature with navigation. The 2008 Mercedes-Benz S-Class and CL-Class are now available for sale at U.S. dealers.

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From: JakeStraw9/10/2007 9:35:58 AM
   of 211
DC: Portable Navigation Market to Soar
Monday September 10, 9:09 am ET

IDC Says Portable Navigation Device Market Will Nearly Double in This Year

FRAMINGHAM, Mass. (AP) -- The portable navigation device market will nearly double in 2007 as prices drop, technology improves and public interest grows, said market research company IDC on Monday.

Portable navigation devices are the most popular segment of the consumer navigation market. They represent 62 percent of the worldwide market and have grown 93 percent over last year, IDC said.

IDC expects the entire consumer navigation market to grow by 53 percent worldwide in 2007, with Western Europe by far the largest regional market, followed by the U.S.

IDC also sees growing demand for portable navigation devices in Asia, and predicts the 2008 Olympic Games in Beijing will spark their popularity in China.

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From: JakeStraw9/24/2007 9:46:01 AM
   of 211
NAVTEQ(R) Map Data Selected by Innovative Systems, Inc. Improves Address Processing in GIS Applications
Monday September 24, 9:00 am ET

Enhanced geographical data provides cost-effective solution across mainframe and open systems platforms

CHICAGO, Sept. 24 /PRNewswire-FirstCall/ -- NAVTEQ, a leading global provider of digital map data for vehicle navigation and location-based solutions (LBS), has been selected by Innovative Systems, Inc. (ISI) as the primary map data provider for the i/Lytics GLOBAL(TM) address data quality and geocoding software solution. The combined offering will enrich and extend ISI's existing street-level "rooftop" geocoder, i/Lytics GLOBAL GEO, for improved marketing, customer service, tax jurisdiction assignment and compliance with regulations such as the Community Reinvestment and Home Mortgage Disclosure Acts.

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From: JakeStraw9/25/2007 9:05:43 AM
   of 211
NAVTEQ(R) Map Data Licensed by DM Solutions Group for Use on Platforms
Tuesday September 25, 9:00 am ET

Developers Can Now Integrate High-Quality NAVTEQ Map Data Easily and Efficiently

VICTORIA, British Columbia, Sept. 25 /PRNewswire-FirstCall/ -- NAVTEQ (NYSE: NVT), a leading global provider of digital map data for location-based solutions and vehicle navigation, announced today from the 2007 Free and Open Source Software for Geospatial (FOSS4G) conference in Victoria, BC, Canada, that it is licensing its map data in a format that is optimized for use with MapServer and MapGuide Open Source through DM Solutions Group (DMSG). DMSG converted NAVTEQ data for use on both platforms, resulting in the first off-the-shelf NAVTEQ solution for these technologies. DMSG is a leading provider of solutions and services to users of both MapServer and MapGuide Open Source, the community this new offering is geared towards.

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From: JakeStraw9/25/2007 3:46:43 PM
   of 211
Navteq Doesn't Need Directions

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To: JakeStraw who wrote (184)10/1/2007 3:52:56 AM
From: tech101
   of 211
Nokia in Talks to Acquire Navteq

Interest in a Deal Reflects Move Into Mobile Services As Threat to Handsets Rises


October 1, 2007; WSJ
Finnish mobile-phone giant Nokia Corp. last night was deep in discussions to purchase navigation-software maker Navteq Corp., people familiar with the matter said, marking what would be one of its largest-ever corporate acquisitions.

With a $7.61 billion market capitalization, Chicago-based Navteq is one of the world's leaders in electronic mapping, which enables in-vehicle navigation devices and a new generation of mobile-phone applications used for shopping, emergency services and advertising.

The two sides have been in deep discussions over the past few weeks, said the people familiar with the matter. It was still possible those discussions could crumble over a series of last-minute issues. A Navteq spokesman didn't return a request for comment. Nokia representatives were unavailable for comment.

Navteq's stock price, up 75 cents to $77.97 Friday in 4 p.m. New York Stock Exchange composite trading, has more than doubled this year.

Nokia's interest in Navteq represents a vigorous move into the mobile-services arena, where Nokia has already been building a suite of products around games and music. These types of services have been in development for years by mobile-phone makers like Nokia, as well as by telecom service providers. Around the telecommunications world, there is a growing sense that these services are finally ready for wide-scale consumer adoption.

Nokia CEO Olli-Pekka Kallasvuo has been aggressively steering the Finnish giant, which has a market capitalization of $149 billion, into a software and services company. Last year he separated the company's infrastructure business, placing it into a joint venture with Germany's Siemens AG.

Yet Nokia still receives the vast majority of its revenue and profit from selling handsets. The company sells more than one out of every three handsets around the globe. Asian companies have made this business extremely competitive, with their own lines of cheaper mobile handsets. For Nokia, the move into services is designed to persuade customers to pick the Nokia brand amid so many other choices.

Nokia shares have climbed nearly 90% this year; on Friday, the company's American depositary receipts were at $37.93 in 4 p.m. Big Board trading. Mr. Kallasvuo has been making a series of small acquisitions over that time, focused around music and gaming. But no deal has carried the price tag of a Navteq, which trades at about 54 times its current earnings. It reported net income for the fiscal second quarter ended July 1 of $40.9 million on revenue of $202.3 million.

Navteq was founded in 1985, built around the premise of building turn-by-turn navigation directions through digitized maps. Since then, it has created digital maps in 69 countries across six continents.

The company's products are used inside a number of automobiles, including models from Chrysler LLC, Ford Motor Co., Mercedes-Benz and Volkswagen AG's VW brand. It also makes after-market devices for cars and separate portable devices.

Nokia and Navteq already have a business relationship, where Navteq provides information for Nokia's mobile phones.

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From: Scott Murray10/1/2007 4:50:32 AM
   of 211
Etrade Ask at $120......wouldn't that be nice to see at the start!

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To: Scott Murray who wrote (186)10/1/2007 9:51:16 AM
From: JakeStraw
   of 211
Must be a misprint 'cause Nokia's offer is at $78...

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To: JakeStraw who wrote (187)10/1/2007 12:12:06 PM
From: tech101
   of 211
Both numbers look ridiculous.

However, if NVT keeps independent, it could reach 120 in less than 12 months, IMHO.

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From: tech10110/5/2007 2:04:13 PM
   of 211

Navteq: Might Another Bidder Enter The Fray?

By Thomas Kelly

posted on: October 04, 2007 | about stocks: NVT

A lot of shareholders in Navteq (NVT) have left the building and pocketed gains in the wake of Nokia’s cash bid of $78 per share for the company. This is clearly going to be one of the most influential deals of the year, but I’m left questioning whether Nokia’s $78 per share offer will be the ultimate end result here.

The decline in shares of GPS maker Garmin (GRMN) in the wake of the deal is perhaps pointing the way forward for a potential bidding war. Although Nokia clearly has more resources in the fight to win Navteq, Garmin is certainly feeling the heat for not making a bid for Navteq, and they may well be forced to rethink their strategy and take a stab a Navteq. While Garmin is going to be hard pressed to make a higher bid for Navteq due to its smaller size, it certainly is not inconceivable for the company to issue stock for the deal (which would likely be preferable for Garmin due to its premium valuation). Given the fact that the acquisition of NVT by Nokia poses a substantial long term threat to Garmin’s business model, it certainly isn’t out of the question that Garmin could muster all their financial strength to challenge the Nokia deal.

As well, it is possible that another bidder could enter the fray and sweeten the deal. Past rumors have mentioned Google and Microsoft as potential acquirers, and although I think these are certainly long-shots, the possibility is still there.

Overall, Navteq’s shares represent and interesting conservative opportunity over the next few months. With the stock currently trading below $76, the stock is trading at about a 3% discount to Nokia’s offer. Given that the bid is an all-cash offer and Nokia has plenty of cash on hand, the deal is virtually assured, and should close in the first quarter of 2008. Therefore, Navteq shares are offering a 6% annualized return with very little risk, as well as a substantial potential upside should Nokia’s bid be challenged by likes of Garmin, Google, or another suitor.

At the very least, Navteq shares certainly look more attractive than any other short-term money market investment, and the potential upside leads me to believe that this is an attractive risk/reward. With a 6% annualized return virtually risk-free, Navteq looks like a nice place to stash some extra cash over the next few months. With that in mind, I’ve bought a moderate position in the stock at $75.79, and I’m content to sit on my hands over the next few months and wait to see if anything develops.

Disclosure: Author is long NVT

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