| Logitech And TomTom Stocks Slump Overnight
By Branko Miletic | Friday | 11/04/2008
The stock value of Logitech International SA, the largest maker of computer mice in the world, fell the most in almost three months over concern that its earnings growth may slow future growth as well as pessimism about the general global IT sector.
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Logitech stocks fell about 6.8 per cent after recent negative growth announcements from the likes of TomTom NV and Garmin put the entire industry for electronic gadgets under pressure- a space Logitech is active in. TomTom, the world's largest maker of car-navigation equipment, slumped to the lowest in almost three years after saying its first-quarter sales fell and was forced into cutting its sales outlook for the rest of the year.
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