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Harman CEO Comments on Stock’s Decline

Although shares of Harman International Industries dropped sharply after Apple announced plans to offer voice activated real-time traffic updates and turn-by-turn navigation in cars, the car stereo equipment maker said it’s not perturbed by Apple’s announcement.

“We see Appleas a collaborator, not as an adversity,” Harman CEO Dinesh Paliwal told Jim Cramer on CNBC’s “Mad Money.”

The top executive also commented on a note from Morgan Stanley, which outlined the many challenges thecompany faces. He also addressed the company’s prospects going forward.

Watch the video to see the full interview.

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When this story was published, Cramer's charitable trust owned Apple.

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