UPDATE 1-Navteq estimates price for $875 mln IPO

Newswire

(Recast, adds financial and product details) WASHINGTON, June 29 (Reuters) - Navteq Corp., a Chicago-based electronic map affiliate of Philips Electronics of the Netherlands, on Tuesday estimated the price of its $875 million initial public offering at between $20.50 and $22.50 a share. Navteq's main product is the map database used by online services from AOL/MapQuest, a division of Time Warner Inc., Microsoft Corp. , Yahoo Inc. , as well as automobile navigation systems in over 5 ...

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