Forexyard has a crisp analysis on the whereabouts of Nokia, TomTom and Apple - read on here.
The opening line makes the point:
Nokia is better equipped than rival TomTom to wait out a downturn that has made big acquisitions by the two groups in mapping services look disastrously costly. (...) Nokia offered 24.5 times Navteq's expected earnings before interest, tax, depreciation and amortization (EBITDA), TomTom ended up paying more than 40 times Tele Atlas' EBITDA.
The authors have harsh wording for the business logics behind. Yet the rumors of Apple being interested in taking a stake in TomTom, quickly has been denied.
