[aprssig] GPS Hardware Vendors Buying Up Mapping Data Vendors
Stephen H. Smith
wa8lmf2 at aol.com
Mon Nov 5 13:59:51 EST 2007
*** GPS Mapping Data Getting Really Valuble ***
Almost all of the commonly-used mapping programs (Streets & Trips,
Delorme Street Atlas, Precision Mapping, TopoUSA, MapPoint, etc) used by
our APRS applications -AND- nearly all web sites such as Expedia, Google
Maps, MapQuest, Yahoo, etc. -AND- most of the maps in display GPS
devices use mapping databases provided by one of two companies:
TeleAtlas or NavTeq The various vendors dress up and present this data
differently (and supplement it with other data), but the basic raw road
info almost always comes from one or the other of these two companies.
Today a news story in RCR (Radio Communications Report) :
<http://www.rcrnews.com/apps/pbcs.dll/article?AID=/20071103/SUB/71103013/1011/newsletter50>
"The Netherlands-based digital mapping company, TeleAtlas, in July
accepted a bid of $2.8 billion from TomTom NV, agreeing to recommend the
offer to shareholders. But Tele Atlas last week pounced on a superior
$3.3 billion offer from TomTom rival Garmin Ltd., giving TomTom until
Thursday to match Garmin’s offer—and return fire in what could become an
expensive bidding war.
“Under the TomTom agreement, if Tele Atlas receives a superior proposal,
TomTom has a right to match that superior proposal within a
five-business-day period,” Tele Atlas said in a public statement. “In
the event that TomTom chooses not to match the Garmin proposal, the
boards intend to take up Garmin’s invitation and meet with Garmin’s
management.”
Garmin’s offer comes just a month after Nokia Corp.’s successful $8.1
billion bid for Navteq, a Tele Atlas rival, and Navteq’s steep price tag
illustrates how quickly location-based services went from warm to
torrid. Nokia will pay $78 a share for Navteq, but the company’s stock
traded for as little as $30.58 per share in March, when rumors that the
company was ripe for a takeover began to fuel a surge in the stock’s value.
Both firms provide data that serve as the foundation for a host of
offerings including Web-based applications (such as those from Google
Inc. and Mapquest) and mobile location-based services from Sprint Nextel
Corp., Verizon Wireless and other carriers.
--
Stephen H. Smith wa8lmf (at) aol.com
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