Kim Fennell, CEO of deCarta, said, "deCarta wants to provide the core geospatial platform technology so you don’t have to worry about it…We’ve evolved our technology to make it easier for app developers." In observing what he sees from his customer Fennell said, "Mobile operators and handset makers now want a common platform that supports multiple, integrated LBS applications. deCarta sees a need for a common platform from mobile operators and they are getting excited about this as the mobile industry involves.
deCarta just recently announced support for connected navigation devices or CNAVs. Real time two way (RTTW) connectivity enables access to dynamic content and internet search. Up-to-date content radically improves location look-up, gives user ability to query from the device while you are driving. With these devices, the consumer has the ability to look up company for which you don’t know the address, find it and route to it. "CNAV really changes the game…convergence is happening; and the ability to have a PND with a modem is the next iteration of the PND marketplace," said Fennell. [Consumers] want content that is up-to-date and not content that is already two years old when it leaves the store."
by Joe Francica on 10/24 at 06:00 AM |
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At the deCarta devCON conference, Jeff Rath of Canaccord Adams, an investment bank specializing in emerging markets, succinctly explained the current market bloodbath and what he forsees as the impact on the location-based services market.
Rath sees an unwinding of some of the macroeconomic dynamics for the first time in a long time. Leading up to this situation was a condition where inflation rates were trending lower and debt was cheap. This yielded an explosion of leverage and people bought a lot of things…much that they couldn’t afford, and that is becoming unwound.
"Macro economic dynamics are driving everything; companies are posting good and bad results but all stocks are trading down," said Rath. For much of the early part of the decade, Canaccord Adams’ Location Index, an index of publicly-traded location technology companies, outperformed the major market indices. In the last two years, that index has seen a huge decline where it now underperforms the market.
The hedge fund community is incredibly active in trading and represents 30-50% of the trading on any given day in the stock market. "Everyday you are hearing of hedge funds being liquidated en-mass," said Rath.
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by Joe Francica on 10/24 at 06:00 AM |
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