Spatial Dynamics

The GIS & Remote Sensing Blog of Kenneth Kay

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Nuvifone Delayed Again, Garmin’s Stock Price Continues to Drop

August 1st, 2008 No Comments

Earlier this week, Garmin announced that it has slashed its 2008 sales forecast by $600 million.
The world’s No. 1 navigation company cited economic concerns and high gas prices for causing a slowdown in the navigation market. Furthermore, a price-cutting war with European rival TomTom is cutting into profits.
Garmin also announced that it has again delayed [...]

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