Garmin (GRMN)

Garmin shares plunged 18 percent after its Dutch rival TomTom (TOM2.AS) warned of falling selling prices and Google (GOOG.O) made a high-profile entry into the market.
"Google's announcement today introduces new challenges for both Garmin and TomTom and makes the threat from smartphones more real than it ever was before," analyst Yair Reiner of Oppenheimer & Co told Reuters.

Oct 29 · 7:32:00 AM · Source: Reuters
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by Rich Pike