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Tuesday, October 28. 2008

TomTom Beats Expectations; Updates Loans for Tele Atlas Acquisition

TomTom reported operating profit just over analysts expectations for the third quarter, but the company cut expected profits for the year. Investors were worried about how the company would repay loans taken out to acquire Tele Atlas and TomTom allayed fears by renegotiating those deals. Share prices were basically flat on the news.

- Reuters

- results on Marketwatch (oddly NOT on TomTom's or TA's website)

Posted by Adena Schutzberg in Tele Atlas at 07:21 | Comments (0) | Trackbacks (0)

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