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.