Motorola Passed on Navteq
October 10, 2007, 4:02 pm
Filed under: Motorola, Navteq, Nokia

According to an article in the Wall St. Journal today, Motorola CEO Ed Zander told a group of business school students at the University of Chicago that Motorola had passed on a chance to to acquire GPS mapping company Navteq, recently acquired by Nokia.  “That’s not our strategy,” Mr. Zander said. “We are not in the applications business.” referring to Nokia’s strategy of acquiring or developing wireless applications, mapping applications and music services.