TNAV - TeleNav, Inc. https://www.telenav.com/ Telenav, Inc., together with its subsidiaries, provides connected car and location-based platform services in the United States and internationally. The company operates through Automotive and Mobile Navigation segments. It offers automotive navigation services, including on-board solutions, which consist of software, map, and points of interest data loaded in vehicles that provide voice-guided turn by turn navigation displayed on the vehicle screen; and brought-in navigation services. The company also provides voice-guided, real-time, turn by turn, and mobile navigation services under various brand names, including Telenav GPS, as well as under wireless carrier brands. Its customers include wireless carriers, automobile manufacturers, original equipment manufacturers, advertisers, advertising agencies, and end users. The company distributes its services primarily through wireless carrier partners. Telenav, Inc. was incorporated in 1999 and is headquartered in Santa Clara, California. Telenav, Inc. TNAV 4.05% rose 4.8% to $6.08 after the company issued a press release indicating its buiness relationship with GM is 'strong, ongoing' and noted its contract with GM is effective through model year 2025. Resistance 1: 9.28 --- Resistance 2: 11.67 Support 1: 5.41 -------Support 2: 4.50
$TNAV - TNAV was down 45% yesterday after GM announced it was going to adopt Google as its provider of in car infotainment systems replacing TNAV. Analysts at B.Riley think TeleNav could be attractive buyout candidate at these levels. While news that General Motors (GM) is introducing new in-vehicle technology provided by Google (GOOG, GOOGL) is "clearly disappointing," any potential financial impact to Telenav (TNAV) is unlikely to happen until fiscal 2022. Further, the analyst believes TeleNav's revenue from GM is more likely to experience a gradual attrition over a number of years, giving the company a "long runway" to win additional business.
SANTA CLARA, Calif., – September 5, 2019 – Telenav®, Inc. (NASDAQ: TNAV), a leading provider of connected-car and location-based services, announced today that it is working with Microsoft to integrate Telenav’s intelligent connected-car solutions suite with the Microsoft Connected Vehicle Platform, running on Microsoft Azure. Telenav is building connected cloud and in-vehicle services for automotive infotainment, in-car commerce and navigation. The Microsoft Connected Vehicle Platform combines cloud and edge services with a strong partner network to empower automotive companies to accelerate their development of connected vehicle solutions. It allows Telenav to leverage vehicle data to deliver unique in-car and cloud-based services that enhance customers’ driving and mobility experiences. Please read the entire article at: https://www.telenav.com/press-relea...based-on-microsoft-connected-vehicle-platform
