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——— update below; original post 7:30 am EDT————
The plan: a Dec 4 bid of 2.3 billion euros ($3.3 billion) in cash for Tele Atlas. That’s the day the TomTom bid expires. That’s 15% more than the Tele Atlas bid. European stocks loved the idea - sending TA up nearly 14% in morning trading. TomTom was down nearly 12%.
- MarketWatch
U.S. Air Force assets were used to capture aerial photos of the regions impacted by the southern California wildfires. The images were taken on Oct. 26 and were released by the National Geospatial-Intelligence Agency (NGA) for viewing on their website.
Market awareness of location-bases services is driving a high adoption rate for applications on mobile devices. Of the $118 million in revenue that downloadable mobile applications such as LBS, weather applications, chat/community, and personal organization tools generated during Q2 2007, LBS represented 51 percent. Networks In Motion (NIM), an LBS navigation publisher for products including Verizon Wireless’ VZ Navigator—secured a 27 percent share of carrier revenue from mobile applications and leads all mobile application publishers. Unlike buying an "off-board" navigation system like a Garmin or TomTom, "leasing" your navigation system from a carrier who uses a solution from NIM or others compares quite favorably in cost. In addition, the smaller form factor for a phone versus a wider screen navigation device provides some additional convenience. Editor-in-chief Joe Francica spoke with Steven Andler, Director of Marketing for NIM to get his take on why LBS applications are attracting such a large percentage of the growth in downloadable mobile applications.
The podcast is 14:05 and was recorded on October 18, 2007.
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