Nokia to Buy Navteq for $8.1 Billion

WOW...this is huge news.

According to the article I read, Navteq will be run as a separate company... will see

Looks like they will pay more attention to GPS and navigation in their phone lineup. Or maybe try a plot to kill the google map (and i-phone, g-phone alike)? I think google map uses Navteq.

Jeff

That's a surprise for sure I could swear I heard that Garmin was going to buy Navteq. Makes me wonder how this will affect Garmin..

Ray

They do use Navteq maps for maps.google.com and TeleAtlas for Google Earth. Sharing the wealth, I guess.

I don't really know anything about Nokia, other than that they make cell phones.

I have no idea what their cust. svc philosophy or reputation is either. I hope it's good.

What does worry me a little is that I read some of the article and it mentioned several times about how other maps like google etc subsidize their product with advertisements.

If that happens, perhaps when the new NavTeq/Nokia maps come out, they will give us turn by turn directions using business landmarks instead of street names.

"In 100 feet, make a left at the newest Starbucks which just opened up and is offering Latte's at a special reduced price this week".

Or... " In 1 mile, Keep right to the exit ramp, which takes you past the Home Depot, where you get 1 year of zero financing on kithen products."

Tim

Isn't this interesting?

Too bad for garmin....They could have shut out magellan

Go to the link to read what the Montreal Gazette has to say about it: ARTICLE

As the man used to say on the TV show LAUGH-IN: "Very interesting!"

ML

You just dated yourself!! Wasn't that Arte Johnson as a German Soldier??

RT

You're 100% correct RT, but Judy Carne was my favorite - "Sock it to me, sock it to me, sock it to me!" ;)

Here's an article that appeared in today's NY TIMES: ARTICLE

ML

The way I see it is as one competitor showing great interest in the market, which means more choices and more competitive products.

Krieger

Or the way they "tricked" her into saying it. "It may be rice wine to you, but its saki to me."

Sent from Beautiful Downtown Burbank.

What do you think of Navteq being bought out by Nokia?

It hasn't happened yet but Garmin's stock took a big hit when this was announced.

Rumor is Garmin might try to offer a bid as well.

Some people don't know it, but NavTeq bought Traffic.Com last year.

So it is a very large operation with many services available.

No wonder it was so much money.

The question is how this will affect Garmins users, expecially in regards to map pricing.

Tim

Too bad Nokia won't update the Navteq maps on its own GPS. I will never buy Nokia again.