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


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From: JakeStraw9/24/2007 9:46:01 AM
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NAVTEQ(R) Map Data Selected by Innovative Systems, Inc. Improves Address Processing in GIS Applications
biz.yahoo.com
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
biz.yahoo.com
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
forbes.com

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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

By DENNIS K. BERMAN and JASON SINGER

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
 
seekingalpha.com:80/article/48954-navteq-might-another-bidder-enter-the-fray?source=d_email

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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To: JakeStraw who wrote (187)10/9/2007 12:01:20 AM
From: tech101
   of 211
 
Shareholders have started the law suit against NVT's executives and board members Green, Galvin, ... et al:

scas.issproxy.com

scas.issproxy.com

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From: tech10110/12/2007 9:50:40 PM
   of 211
 
GPS Leader Garmin May Be Headed In Cell Phone Direction

Friday October 12, 7:00 pm ET

Patrick Seitz, Investor's Business Daily

In a list of the great tech rivalries, it might be time to add Nokia vs. Garmin.

No. 1 cell phone maker Nokia (NYSE:NOK - News) raised eyebrows this month when it announced a big acquisition that encroaches on Garmin's navigation device business. But Garmin (NasdaqGS:GRMN - News), the leader in navigation, or GPS, devices, might respond in kind. It's said to be mulling a move into the cell phone business.

"Garmin knows it could build one hell of a fantastic wireless handset," said Jeff Evanson, an analyst with Dougherty & Co.

Based on talks he has had with Garmin employees, Evanson says he believes the company will come out with a GPS-enabled mobile phone next year.

Several other analysts also see that possibility, though it's uncertain just how deeply Garmin might dive into the cutthroat mobile phone business.

"There's a case to be made (at Garmin) for an evolution toward a smart phone," said Richard Valera, an analyst with Needham & Co.

Garmin already is adding more wireless capabilities to its auto and portable navigation devices so they can receive real-time traffic, gas price, weather and other data.

But Valera says Garmin isn't likely to make a frontal assault on the mainstream cell phone market. Instead, he sees it going after a niche market for people who want a handset with a heavy navigation focus.

This wouldn't be a first for Garmin. It introduced NavTalk, the world's first GPS-equipped cell phone, in 1999. The product was sold mostly in Europe, but was discontinued a few years later.

Garmin spokeswoman Jessica Myers says the company hasn't announced any plans to make a new cell phone.

"We announce 70 products a year so there are a lot of concepts and ideas that we look at, however that's not in the immediate plans," she said. "I can't say we're never ever going to do it. I mean, we've already done it."

A Confident Company

Garmin already is active in the mobile phone space, making GPS applications for other companies' cell phones, she points out.

But the cell phone industry and Garmin have changed a lot since 1999's NavTalk, Evanson says.

"Garmin now believes there's no one in the world that they can't go head-to-head with in developing consumer electronics," Evanson said. "That confidence in their engineering and design capability is an important mental shift at the company that's happened in the last couple of years. Now, all consumer electronics categories are in play."

Yair Reiner, an analyst with CIBC World Markets, also believes Garmin might well come out with a cell phone. "But the handset business isn't an easy one to get into," he said. "Even Apple is finding that out."

Speculation on Garmin's re-entry into the mobile phone business comes at an uneasy time for the Olathe, Kan.-based company.

Nokia announced Oct. 1 a deal to buy digital mapmaker Navteq (NYSE:NVT - News). Garmin gets almost all of its digital maps from Navteq. Meanwhile, rival GPS device maker TomTom is buying the other major digital mapmaker, Tele Atlas. Navteq and Tele Atlas have a duopoly in the digital map business.

While Nokia and TomTom insist they'll run the digital map firms as independent units, the deals would put Garmin in the position of having to get maps from its rivals.

Garmin has worked closely with Navteq. It's shared sensitive information such as product road maps and production volumes with its map supplier, Reiner says.

Garmin could see its profits squeezed as prices for digital maps stabilize or perhaps rise, American Technology Research analyst Rob Sanderson said in a research note. Map prices have declined at double-digit rates for the past few years, but if these two acquisitions go through, map prices are likely to hold steady or rise, he says.

Garmin gets about 70% of its sales from auto and portable navigation devices. The portable devices attach to windshields or dashboards and display digital maps and points of interest. They give directions to drivers using data from GPS, or global positioning system, satellites.

Market penetration is still low for such devices in the U.S. But with aggressive price cuts, more consumers are expected to pick up the handy tools.

A typical portable navigation device, or PND, could sell for 50% less this holiday season than a year ago, Evanson says, putting many products in the $200-$300 range.

Targets Many Markets

Garmin should have a good holiday season so long as sales volume makes up for lower prices, says Jonathan Braatz, an analyst with Kansas City Capital Associates.

Garmin differs from rivals, including TomTom and Cobra Electronics (NasdaqGM:COBR - News), in that it has a diversified business centered on navigation products. Besides its devices for cars, Garmin makes navigation products for the aviation, marine, outdoor and fitness markets. Those products range from high-end airplane avionics gear to armband gadgets for long-distance runners.

This year, Garmin expects overall sales to exceed $2.8 billion, up 58% over last year. It sees earnings per share of more than $3.15, a 34% jump.

Garmin focuses on delivering high-quality wares that are easy to use and offer a lot of utility for consumers, says Garmin Chief Financial Officer Kevin Rauckman.

The company, he says, expects to spend more than $150 million this year on R&D. Garmin has almost 300 patents issued and another 200 pending applications.

For the last few years, Garmin also has worked to raise its brand profile through advertising. It expects to spend about $175 million on ads this year, Rauckman says.

Garmin has made six acquisitions in the last two years and has three pending. It has bought exclusive distributors in France and Germany and has deals pending to buy distributors in Spain, Italy and Denmark.

Garmin is the No. 1 GPS products maker in the U.S., but trails Amsterdam-based TomTom in Europe. Garmin hopes buying its major European distributors will help it to better compete against TomTom.

Besides buying distributors, Garmin has purchased several small tech companies. They include Nautamatic Marine Systems, a maker of boat autopilot systems, and Digital Cyclone, a provider of real-time weather data to mobile devices. It also bought Dynastream, a maker of personal monitoring technology, such as heart-rate monitors for sports and fitness products.

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