Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (3420)	4/8/2008 12:50:52 PM
From: RockyBalboa	Respond to of 6370

The drumming gets louder. Garmin competitor, Tomtom off 14% after really slow sales! and margins: "in the low single digits" Who thought?? AP TomTom Shares Fall on Profit Warning Tuesday April 8, 12:35 pm ET By Toby Sterling, AP Business Writer Shares in Car Navigation Device Maker TomTom Fall on Profit Warning AMSTERDAM, Netherlands (AP) -- Shares in navigation device maker TomTom NV fell sharply Tuesday after the company cut financial estimates for 2008, blaming weak pricing power and retailers' stocking fewer of its products. In the first quarter "retailers reduced their inventory levels more strongly than expected, especially in Europe," where TomTom has a 50 percent share of the market for devices used in cars, the company said in a statement. TomTom said its first quarter revenue will be around 260-270 million euros ($408-425 million), less than the 296 million euros it reported in the first quarter of last year. It said operating margins will be in the "low single digits," from double digits in recent quarters. It is due to report earnings April 23.