Motorola's Zander slams Nokia/Navteq deal

Speaking Monday before faculty and students at the University of Chicago's Graduate School of Business, Motorola CEO Ed Zander expressed his dismay at rival handset maker Nokia's $8.1 billion acquisition of navigation software developer Navteq, calling the price tag "stunning." According to Zander, Motorola previously explored a Navteq deal of its own, but determined the firm wasn't a good strategic fit: "We looked at it and went on our way," Zander said Monday. "We didn't even think about it."

Zander also criticized Nokia's recent moves into mobile multimedia services, including the launches of a digital music download platform as well as mobile social network Mosh. "That's not our strategy," Zander said. "We are not in the applications business." He added that "getting into the business of your customers" can be dangerous.

For more on Zander's comments:
- read this Associated Press article

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