Nokia Buys Navteq For $8 Billion, Bets Big On Location-Based Services

29 thoughts on “Nokia Buys Navteq For $8 Billion, Bets Big On Location-Based Services”

  1. TomTom is actually a Dutch company (not Danish). The name of the affected company is Garmin, not Gramin. Also, isn’t it EBITDA, rather than EBIDTA?

  2. Have you noticed how every gadget has a free FM radio lately? Location tech looks to be next in line for the free gadget add-on. Hard to see how Nokia makes any money here, but they need the technology.

  3. Tom, tell that too Verizon Wireless. Lately they’ve been disabling built-in GPS features so that they can sell you their $10/month package. Anyway, FM tuner is free because nobody would pay for it. I had one in my handset (Nokia, BTW) as early as 2002 and after playing with it for 5 minutes, never used it again. Now that any decent phone can play MP3s this feature is even more useless.

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