Nokia buys Navteq

This seems like good news to me.  Mapping data is becoming incredibly important, and Nokia seems neutral enough that they won't impede the incredible progress so many companies are making doing interesting things with maps.  They're not an Internet company, and they aren't a serious GPS company, so there's no reason for them to play games withholding maps from competitors for strategic reasons.  Not yet anyway.

This should give them an edge in doing interesting things with mapping and their phones, but the real potential for mapping, I think, is in using location data to target ads for nearby companies, but that's more useful in your car than in your pocket. 

Tom Tom bought TeleAtlas a little while back, and they make GPS's.  This makes Navteq's map data even more valuable.  This should turn out to be a very good thing for Nokia.