The Bottom Line
Electronics maker Harman International Industries yesterday suffered its worst day since going public in 1986.
Electronics maker Harman International Industries yesterday suffered its worst day since going public in 1986. Its stock dropped 38 percent, to $43 a share, after the company lowered its earnings forecast in the face of dropping prices for personal navigation devices. Harman is best know for its Harman Kardon high-end audio equipment. (The Washington Post, free registration)
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