NVT - Source of GPS Software, Data, and Maps Message Board

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Technology Stocks : NVT - Source of GPS Software, Data, and Maps

NVT 114.34

+9.6%

Oct 31 3:59 PM EST

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From: tech101	5/31/2007 12:32:28 AM
	of 211

Navteq Shares Rise on CEO Comments Wednesday May 30, 4:07 pm ET Navteq Shares Get a Boost From on Positive Reaction to CEO Comments NEW YORK (AP) -- Shares of Navteq Corp., which provides digital map data used in navigation systems, rose Wednesday on optimistic comments its chief executive made in a presentation to analysts. In heavy afternoon trading, Navteq shares rose $3.08, or 8.3 percent, to $40.35. Over the past 52 weeks, Navteq shares have traded between $23.73 and $45.77. Navteq President and Chief Executive Judson Green said in a presentation at the Lehman Brothers Worldwide Wireless and Wireline Conference that the company sees a variety of opportunities for its products in 2007. "We are investing in new products and services to further differentiate our maps, and our two recent acquisitions, to help enhance our offerings for the future," Green said. "We see significant activity in maps for mobile phones and Navteq is well positioned with the word's leading wireless players." Green added that the company expects mobile phone revenue to become more significant over the next two years, but it may take a while for marketing plans and business models to catch up with the technology. biz.yahoo.com

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