Shares in TomTom fall 10% after profit warning
Apr 8, 2008
Interesting news today; TomTom shares have fallen 10% after expected sales were down to between 1.8bn and 2.0bn Euros, down from its February estimate of 2.0-2.2bn Euros. The company blamed having to make earlier than expected price cuts. But does this signal a change in fortunes for the navigation industry? For the full article click here