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• Ed Zander disses Nokia's Navteq buy

  Posted Oct 10 2007, 01:36 PM by Kim Peterson
  Rating:
  Filed under: Nokia, Navteq, Motorola
  Money Blog: Top Stocks Blog - MSN Money

  Meow! Motorola chief Ed Zander sharpened his claws and told Nokia that it can have Navteq. He didn't want it anyway.

  "We looked at it and went on our way," Zander said Monday. "We didn't even think about it." Nokia is buying digital mapmaker Navteq for $8.1 billion, a price Zander called "stunning."

  What I find more noteworthy are Zander's comments that Motorola is going to remain a hardware company, and isn't about to begin offering its own applications for use on mobile phones.

  "That's not our strategy," he said. "We are not in the applications business."

  A bit of a risky move, isn't it? Considering that cell phone hardware is becoming more and more commoditized? And considering that Motorola's phones, including the Razr, are eliciting a collective ho-hum?   Read More...

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