Doubters fret at Nokia Navteq deal

Nokia has spent the greatest part of its life being misunderstood by US stock analysts, and its move to acquire US mapping company Navteq, for a colossal $8.1bn, at $78 a share, is no exception. Navteq had revenues last year of just $581m but is on track for about $800m this year, with its last quarter up 49 per cent to $202. …

[Giles Jones]

Tomtom

With Tomtom trying to buy the rival Tele Atlas there's only so many mapping vendors to buy, therefore Nokia is ensuring they have a controlling hand in the market.