Tuesday, October 02, 2007

Garmin Continues Slide

Shares of Garmin Ltd. (GRMN) continued to plummet by falling another $7.13 to close at $100.10 over concerns that Nokia Corp.'s (NOK) acquisition of Navteq Corp. (NVT) will limit Garmin's access to mapping data. Shares of Nokia slipped 68 cents to close at $37.28 while Navteq stock eased 35 cents to close at $76.10.

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