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GPS-Maker Garmin Sees its Shares Plummet on Profit Worries
By William Patalon III Executive Editor Money Morning/The Money Map Report Shares of GPS-device-maker Garmin Ltd. (GRMN) plunged as much as $12.70 yesterday (Wednesday) – extending a longer-term decline – after a Deutsche Bank AG (DB) analyst downgraded the shares, and warned that spiraling competition from rival TomTom NV may lead to a profit-crimping price […]
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