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Logitech And TomTom Stocks Slump Overnight
Staff Writers | 11 Apr 2008
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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.
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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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