Portable navigation device (PND) vendor Garmin (GRMN), which is struggling to deal with...


Portable navigation device (PND) vendor Garmin (GRMN), which is struggling to deal with competition from smartphones and in-car systems, hopes its recent acquisition of German PND firm Navigon will give it a leg up in Europe, where rival Tom-Tom is the market leader. IHS iSuppli sees the global PND market declining by 20-27% this year.
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