Blog > International Investing > Cash in on the latest legislation: Buy Wavecom (WVCM)
Share this article:
  • Print
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • NewsVine
  • StumbleUpon
  • Twitter

Cash in on the latest legislation: Buy Wavecom (WVCM)

Today's Financial News - Posted October 9, 2008

General Motors (GM) isn’t the only company producing cars with telematics, and cars aren’t the only place you’ll find this new technology that provides everything from finding directions out of town to sending photos of a burglar in your home to the police. Now that the technology is cheap, billions are going to be made in telematics, and Eoin Gleeson of MoneyWeek says the best bet for cashing in on some of those profits is France’s Wavecom (WVCM). Learn why below.

by Eoin Gleeson for MoneyWeek

Baltimore and London — (TFN): When a Category Three hurricane is heading for your home, you could be forgiven for panicking. But as towns along the Gulf of Mexico were evacuated last month ahead of Hurricane Gustav, some cars and jeeps simply peeled calmly out of their drives, then fanned out in every direction as if guided out of town by some invisible hand.

In fact they were. As they cruised out of their neighbourhoods, owners of General Motors-manufactured vehicles switched on new computers they’d had installed and were immediately hooked up to a local command centre. There, advisers waited with computerised maps and advice for the best back-road route out of town. By the time drivers had made it out of New Orleans and Louisiana, the computer had told them where to get the best gas prices, where to stay in the next state and even what progress their loved ones had made out of town.

This technology is called ‘telematics’, or machine-to-machine (M2M) technology. It’s a €700bn ($956 billion) industry, which is growing at 14% a year. Telematics is about sending and receiving information to cars or machines over mobile networks.

The GM cars allowed drivers to call the command centre for directions. But if they’d crashed, the computer would also have notified the emergency services – feeding ambulances information en route about the scale of the impact and any important medical details they’d need to know about the passengers. And if the car had been hijacked, the culprits wouldn’t have got far, as the police would be tracking them.

These devices have proved so impressive in improving car safety that governments are trying to bring them into legislation… Read on to learn more.

****Make sure you sign up for our FREE TFN News Feed for breaking news, special reports and new financial videos. You can pick your favorite reader. Or if you prefer, you can have the feed delivered to your email.


Next Article: Potash Corp. (POT): Liquidity trouble ahead?

Posted by TFN-International · Filed Under International Investing 

Share this article:
  • Print
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • NewsVine
  • StumbleUpon
  • Twitter

 Add to Technorati Favorites | Follow Us on Twitter!

Be the first to leave a reply.

Your comments are welcome