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BANKERNIGHT78 NOVEMBER 5, 2021 EXCITEMENT ABOUT THINKING AT SCALE – LINKEDIN Nokia's revenue and profit trends point to its key problem: commoditisation – Technology – theguardian.com NOKIA: TWO OUT OF THREE – CCS INSIGHT FUNDAMENTALS EXPLAINED BERLIN, Oct. 1 Nokia, the world's biggest mobile phone maker, said today that it had actually consented to pay $8. 1 billion for Navteq, the maker of digital mapping and navigational software application based in Chicago, as it seeks to move satellite-based place services onto its series of phones. The purchase, which must be approved by American regulators along with Navteq shareholders, will strengthen Nokia, analysts stated, in efforts to take on business like Apple, whose i, Phone features navigational software application from Google. Nokia's HERE Transit and Maps arrive on non-Lumia Windows Phones – MobileVillage Its stock rate rebounded, nevertheless, in the middle of a broad rally in the market. “This is Nokia's biggest acquisition ever,” said Mats Nystrom, an analyst at SEB Enskilda Bank in Stockholm. “This is a very high evaluation for the U.S. business, so yes, this is a high price to pay. But navigation is a hot area and fits well with Nokia's technique.“Nokia stated it was paying $78 a share for Navteq, which was down $1. 56 at midday. Nokia stated it would finance the acquisition through money and financial obligation, and anticipated the sale to close in the very first quarter. The business said the acquisition would not affect its share buyback and dividend strategies, however anticipated the purchase to water down revenues in 2008 and 2009. Nokia's president and president, Olli-Pekka Kallasvuo, said that location-based services were a cornerstone of Nokia's Web services technique, which belongs to a general plan to expand beyond the production of cellular phones into user services like photos, video, music and games. The forgotten mapmaker: Nokia has better maps than Apple and maybe even Google — Quartz GETTING MY HERE TECHNOLOGIES – WIKIWAND TO WORK Kallasvuo said in a statement. In October 2006, Nokia purchased gate5, a little business based in Berlin that makes navigational software applications for cellular phones, for a concealed cost. “By signing up with Look At This Piece with Navteq, we will have the ability to bring context and geographical information to a variety of our Web services,” Mr. Navteq geographic analyst Rich Joyce utilized an electronic clipboard to determine sites in Chicago in July. Credit ... Charles Rex Arbogast/Associated Press, The president and primary executive of Navteq, Judson Green, stated the sale to Nokia, which has 900 million clients, would assist spread the usage of navigational software to mobile gadgets.