TeleNav Goes Public and Shares Climb 25%
TeleNav went public yesterday with shares going public at about $8 and climbing to about $10 by day's end. The maker of the Shotgun connected GPS, and various other mobile phone programs, like the AT&T Navigator for the iPhone is looking to expand its capabilities and its reach in the competitive navigation market. With a cash infusion, I would expect to see more good news and new products coming out of the TeleNav shop this year.
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Posted by Scott Martin at May 14, 2010 6:28 AM