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	News: TomTom shares drop as consumer spend declines Source: GPS Business News TomTom's share price has fallen to a new low following concerns about possible re-financing of the sat-nav manufacturer being necessary. TomToms liquidity had already being called into question following the take over of TeleAtlas earlier in the year. On Friday TomTom shares were trading under 11 euros compared with their high of 66 euros in October of last year. Falling margins on PND's and the economic climate reducing consumer spend with worse to come has resulted in fears of a refinancing deal being necessary. TomTom are not alone with many fearing huge drops in profit compared with earlier forecasts and it is possible that some of the smaller market players may disappear as a result. Click here to discuss... Posted on Monday, October 06 @ 12:01:08 UTC by Darren Griffin


	Related Links · More about · News by Darren Griffin Most read story about : TomTom Announce Navigator for Smartphone, Symbian and Sony P900


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