Nokia Launches Offline Car Navigation

Nokia launched a new in-car navigation system today called HERE Auto, which allows users to access navigation maps even when they're not connected to the Internet. 

The company said the HERE Auto system, along with a companion app, can take advantage of an Internet connection by allowing users to plan trips from their smartphone, access fuel prices, get turn-by-turn navigation, view street-level images, and find available parking. But Nokia said the navigation system also works "in areas with weak or absent mobile network coverage."

The company said in a press release that: "When an Internet connection is available, HERE Auto shines even more: it keeps maps always fresh, thanks to small but continuous over-the-air updates. Or you can download new maps for those journeys that bring you far away from home." 


The companion mobile app allows users to sync routes, favorite places, and commutes from their Android and Windows Phone devices. The app can also help drivers find where they left their car, and tap into a vehicle's sensors to view fuel levels and tire pressure -- and even control the vehicle's air conditioning system. There's no word, yet, on when, or if, an iOS app will be released.

The HERE Auto system is integrated with the Continental infotainment system, and Nokia said it's working with Magneti Marell over the next few months to bring the navigation system to market. The company said it will release more information at the Frankfurt Motor Show on September 10th.

The article Nokia Launches Offline Car Navigation originally appeared on Fool.com.

Fool contributor Chris Neiger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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douglasmalden

AT&T was the first carrier in the country to launch Nokia’s first LTE-based Window Smartphone, Nokia Lumina, 900. Thus, Lumina 1020 with Lumina 925, AT&T will have all Lumina flagship phones in its portfolio.
The current financial condition of NOK is very strong as evidenced by the large number of positive fundamental factors. The stock represents a good value when compared to other stocks in its industry group and appears likely to experience further price appreciation. Operating cash flow remains positive. Looking forward, the analyst consensus forecast for revenue and earnings for the next two quarters is expected to show improvement versus the prior quarter. Price momentum is strong and the stock has outperformed the market when compared to the S&P 500. As long as the positive fundamental outlook does not change, this stock should be a strong performer over the intermediate term.
The Price/Cash Flow ratio is 1.27. A low ratio shows a strong ability to generate cash and reflects well on a company’s stock price and liquidity. The average Price/Cash Flow ratio for this Industry Group (Comm. Equip.) is 24.88.
Leading Price/Earnings (P/E) Ratio / Earnings Growth Rate) ratio is 0.52. This ratio is the Leading P/E ratio divided by expected per share earnings growth over the coming year. A PEG ratio greater than 1 indicates a stock may be overvalued or the market expects future Earnings Per Share (EPS) to be greater than the EPS consensus. The average PEG ratio for this Industry Group (Comm. Equip.) is 1.09.
NOK's PRVit score is at the 84th percentile of all firms in its industry, which leads to a recommendation to BUY. NOK is more attractively priced in relation to its true value than well over half of the stocks in its industry. Nokia is nothing but BUY…BUY…Buy I am long but 10,000 today.Yes Go NOK Go!
Nokia’s acquisition of the remaining 50% stake in the erstwhile Nokia Siemens Networks (NSN) from Siemens (SI) earlier this month. NSN is in the midst of an ongoing turnaround that has seen it return to profit and generate cash flows on a consistent basis. Having full control of this entity should therefore give Nokia full access to its cash to not only meet the needs of its devices business but also to pay off debtors. At the end of the June quarter, the Nokia Group had about euro 4 billion of net cash on its books. NSN’s acquisition at euro 1.7 billion implies that Nokia’s net cash position will reduce by an equivalent amount, but will also give it the rest 50% of a business that, by our estimates, is a lot more valuable. We estimate that the networks business accounted for more than 35% of our $4.85 price estimate for Nokia before the acquisition. A bulk of NSN’s value is due to the company’s ongoing restructuring that has strengthened its focus on wireless as well as improved margins and cash flows significantly. The restructuring is in fact going so well for NSN that it now expects euro 1.5 billion in cash savings by the end of the year as compared to 2011-end – almost 50% higher than anticipated earlier.
60% upside due to NSN acquisition Since the acquisition was completed only recently and Nokia has not yet released the consolidated results, we haven’t been able to account for the impact on the company’s fair value. Still, taking the results at the end of last quarter as a starting point, we can make reasonable assumptions to arrive at a fair price estimate for the company’s stock. Assuming that Nokia neither generates nor loses cash during this quarter, the only impact on its net cash balance is the debt that it takes on to pay Siemens. A decline of euro 1.7 billion in net cash balance will have a negative impact of about $0.60 per share on Nokia’s value. Most of this is however offset by Nokia’s higher ownership stake in NSN, which is now double the earlier 50%. We estimate that this increases the near-term cash flow attributable to Nokia’s shareholders by about euro 600-700 million and that towards the end of our forecast period (2020) by about euro 500 million, adding about $1.75 per share worth of value to the stock. For reference, NSN generated about euro 1.4 billion in free cash flow last year. The long-term decrease in cash generation is mostly driven by a reduction in NSN’s ability to manage its working capital for cash going forward as the restructuring comes to an end, offset to an extent by margins stabilizing towards the high-end. Feeding these estimates into our model, we arrive at a net upside of $1.15 per share ($1.75-$0.6). This translates into a fair price estimate of $6 for Nokia, about 60% higher than the current market price.

August 31 2013 at 1:18 AM Report abuse rate up rate down Reply