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TomTom shares surge on strategy shift
Posted: 24-Oct-2011 [Source: Reuters]

[TomTom to focus restructuring efforts on driving growth in more promising areas including in-built navigation systems for cars, as well as mapping and live traffic services, while it scales back its consumer unit.]

By Roberta Cowan (Reuters) -- "TomTom, the Dutch navigation equipment and digital map maker, is switching focus away from the cash-bleeding personal navigation devices that made it a household name to its auto and mapping services to restore growth and profits."

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