Garmin GRMN Message Board

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Technology Stocks : Garmin GRMN

GRMN 205.53

-2.4%

Nov 4 3:59 PM EST

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To: andydaoust who started this subject	3/26/2003 9:12:05 AM
From: Pink Minion	of 99

uh o, setting the bait for the shorts 08:40 ET Garmin cut to Hold from Buy at Needham -- valuation (GRMN) 36.89: The downgrade follows appreciation of the shares above firm's price target. Additionally, Needham believes it will be difficult for co to deliver historical levels of upside beyond Q3. Shares outstanding: 107.8m Float: 57m Short int: .82m That's 1.4% short, which is amazing for a stock selling at 7 times sales and book.

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