October 9, 2007

Map Making Firms Rumored to Sell for Billions

Dan Charles:

The latest hot segment of the technology business appears to be maps.

MapQuest, Yahoo! Maps and GPS (global positioning system) navigation in cars are very popular, and all of those maps came from one of just two mapmaking companies.

Both of those companies now are being snatched up by bigger companies for billions of dollars.

Creating a digital guide to the world's highways and street addresses may be the cutting edge of technology, but it is also just long hours on the road.

Jeremy Onysko's orange van has four digital cameras mounted on the roof. They are snapping pictures every 30 feet — recording road signs, lane markings and anything else a driver might need to know.

Posted by James Zellmer at October 9, 2007 8:58 AM | Subscribe to this site via RSS:
Posted to Technology