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 $202.3m …
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.
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