Stock Watch: Lucent Wireless Venture Boosts MapInfo

MapInfo Corp. (Nasdaq: MAPS) rose 3 11/16 to 44 5/16 Monday after the company announced a mobile Internet venture with Lucent Technologies (NYSE: LU).

The companies will develop and market location-based services that will enable wireless carriers to deliver personalized information about a customer’s current or intended location. For example, a traveler could search for a restaurant in their destination city, then view the menu and make reservations.

“Location-based business intelligence solutions form one of the pillars of the mobile Internet because they enable standard Internet applications to be tailored to the customer’s ever-changing needs and preferences while on the move,” said Michael Sajor, director of mobile Internet regional markets at Lucent.

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