TomTom Hit by Component Shortage

Apparently, TomTom has been hit by a component shortage for their new GO Line of GPS sta nav devices according to a recent report. TomTom is now forecasting that revenue will be a more modest 275 Mil Euros in the second quarter, a mere 10% rise over the previous quarter. This is a critical quarter for the GPS market, which sells a lot in the summer months and also right before Christmas. Details weren't released, but they are now fixing the issues and getting things back on track. They said "issues with respect to this component have been resolved and production levels are now satisfactory and in line with our planning."

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