Nokia enters car navigation market

**MIG-31** · Oct 30, 2006, 05:06 PM

Read More/Source: Reuters
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HELSINKI/AMSTERDAM (Reuters) - Nokia on Monday became the latest major consumer electronics company to enter the booming car-navigation market, upping the ante for Dutch market leader TomTom.

The Finnish company, the world's biggest maker of mobile phones, unveiled its Nokia 330 Auto Navigation device with preinstalled Europe-wide map data from Dutch navigation firm Route 66.

The product will use digital maps from U.S.-based NAVTEQ, and not from its main Dutch rival, Tele Atlas, whose maps are used in a new Nokia N95 phone which doubles as a navigation device.

Tele Atlas shares fell after the Nokia news, down 2.2 percent at 12.86 euros at 1035 GMT following the announcement. The company earlier on Monday reported record third-quarter revenue and core profit.

Oct 30, 2006, 05:06 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,818 Rep Power: 471 System Specs	Nokia enters car navigation market Read More/Source: Reuters _______________ HELSINKI/AMSTERDAM (Reuters) - Nokia on Monday became the latest major consumer electronics company to enter the booming car-navigation market, upping the ante for Dutch market leader TomTom. The Finnish company, the world's biggest maker of mobile phones, unveiled its Nokia 330 Auto Navigation device with preinstalled Europe-wide map data from Dutch navigation firm Route 66. The product will use digital maps from U.S.-based NAVTEQ, and not from its main Dutch rival, Tele Atlas, whose maps are used in a new Nokia N95 phone which doubles as a navigation device. Tele Atlas shares fell after the Nokia news, down 2.2 percent at 12.86 euros at 1035 GMT following the announcement. The company earlier on Monday reported record third-quarter revenue and core profit. __________________ Please Post Your News Submissions Here