Bead Trader

Navteq Deal Great For Nokia; Let Garmin Breathe

I can not agree. NVT at 50 time earnings is expensive. They are not a startup waiting for earnings, but a company that has solid earnings record. With growth slower than GRMN who is trading at 33 time earnings, and a stronger growth curve, it is simply too expensive a purchase. NOK is still going to sell GRMN the data, GRMN will still continue their growth rate and this will be a non event next quarter! My $$$ is on GRMN for this one.