Garmin (GRMN) Falls On Reports Nokia To Offer Free Navigation Service

January 21, 2010 8:27 AM EST
Shares of Garmin Ltd. (Nasdaq: GRMN) are seeing pressure this morning on reports Nokia (NYSE: NOK) will begin offering free navigation on certain smartphones.

Shares of TomTom fell in overseas trading on the news.

Shares of Garmin last traded at $33.09, down 8.5% from yesterday's close.

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