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Microcap & Penny Stocks : NovAtel : NGPS "returned to profitability"

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To: LaShark who wrote ()10/14/1999 8:23:00 AM
From: LaShark  Read Replies (2) of 16
 
This company is trading near it's all time low. With the company being the main supplier of GPS receivers to WAAS (US), MSAS (Japan) and EGNOS (Europe), I expect them to do very well in the near term. These three systems combined will provide world wide coverage for satellite navigation for air travel.

From what I understand, the FAA is working on a system called Local Area Augmentation system (LAAS). LAAS is a smaller version of a WAAS for aircraft precision approaches to airports. So far the tests have been very successful, pinpoint accuracy down to the centimeter. If the project is implemented then this means installation of GPS receivers at many of the Airports. I think over 200 of 450 US airports would qualify for this type of system.

I think this company has a bright future.
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