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October 02, 2007
Nokia Splashes Out Big For Navteq - A Startup Opportunity?
Neuhaus Partners' Paul Jozefak has a post about the Nokia big-ticket acquisition of Navteq and sees an opportunity for startups and location based service providers.
But it is a qualified opportunity. He recently posted his view on the challenges.
Nokia will pay about €5.4B net of Navteq's cash. Interestingly the deal caused GPS chipmakers' stocks to gain, according to the San Jose Mercury News.
Is Nokia's bigger footprint in mobile navigation and its increasing adoption of GPS in its phones a positive for startups in the processes of building new businesses? Your a:c euro reporter will watch to see if the people behind services like Gypsii, Plazes, and Mobiluck weigh in on their corporate blogs on this new development.
Posted on October 2, 2007 07:33 AM | Posted to Wireless | Permalink
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