Archives Oct. 29, 2009

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While TomToms revenues are still down YoY (-15%) and QoQ (-1%), the net result has improved, now at 31 million Euro, a 42% increase compared with Q2, but still 48% lower than Q3 2008. This increased profitability is the result of severe cost cutting measures, including redundancies, to reduce operating expenses by 26 million.

With ...

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