search for the title. Interesting article. It doesn't seem that Google maps can compete with HERE, at least in the auto industry.
Audi AG stepped up German carmakers’ resistance to Google Inc. and other Silicon Valley companies, pledging to safeguard private customers’ on-board data instead of seeking to generate profit from it.
“We see this a little differently in the German auto industry,” Audi Chief Executive Officer Rupert Stadler said in a speech prepared for a business summit Tuesday in Berlin that Google Chairman Eric Schmidt is also attending. “On the Internet, cookies and other data collectors are almost common courtesy. But a car today is a second living room -- and that’s private.”
Nokia (NYSE: NOK) is planning to close its auction for its HERE Maps business next week on Friday, and it will make its final decision the following Monday, according people familiar. Top bidders are said include Uber and a group of German auto manufacturers including BMW. Garmin Ltd. (Nasdaq: GRMN) is also said to be involved in the auction.
Yap, they have a tendency to over promise and under deliver. But I would love to be proven wrong this time.
Suri is waiting for the offer he can't refuse. The problem for all the buyers is that they can't let HERE go to a company that will take it private, or change the rules on them.
I still believe that an IPO is the best bet. It will leave HERE independent, and anybody that have an interest in HERE can buy a slice without overreaching. I would set HERE value at $10B, would sell 60% before the IPO to the car makers, Uber, Microsoft, and anybody else interested, IPO 20%, and keep 20%
Agree. Below $6B it's a bust, and we should not sell. Now if we get $6B, and get to keep let's say 30% of the HERE, then that's another story
Finally, I want to talk a little bit about high value services. Nobody buys hardware for hardware, and it's sometimes hard to get real end users to buy services without buying hardware. So we think about, as I said, devices with services. And with Office, with Skype, with Xbox Entertainment Services, SkyDrive, Bing, we have a powerful lineup of first rate services to deliver on high value experiences. But in the mobile world mapping is essential, and we need a very effective alternative to Google for mapping. It is important to many players, including Microsoft, that there be more than one digital map of the world.
What we're doing in the partnership today, what we'll do with this transaction, Microsoft will get flexibility to integrate Nokia's HERE geospatial assets into all of our experiences. We’ll have great freedom to innovate around the HERE location platform, and yet Nokia can maximize the use of the HERE asset by other industry players. Like every other aspect of the deal being announced today, we examined many possibilities and
collectively decided that the new partnership is simpler, more effective, and more likely to lead to economic success for both entities, and a real second digital map of the world.
We will become, with the conclusion of this transaction, we will become a top three customer for Nokia. Those economics are outside of the acquisition economics that we summarized in the sheet.
This is because Yahoo got rid of aliases. The only ID you can use is the ID you use to login into the Yahoo account.