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Technology Stocks : Trimble Navigation
TRMB 64.65-4.8%3:59 PM EST

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To: David who wrote (1815)11/8/1997 11:39:00 AM
From: SKIP PAUL  Read Replies (1) of 3506
 
Prudential's report issued on 10/24/97 by Lisa Bogaty and Tim Goebel gave Novatel a hold rating.

Earnings estimate for Q4 are 28 cents VS 4 cents last year and 18 cents in Q3. Estimates are for 84 cents in 1998.

Comments made in the report:
Revenues were strong on WAAS program but light on other businesses. Hold rating is due to lack of visibility on Non WAAS program. Novatel is expecting Mexico, Argentina, Brazil, and Canada to Install WAAS also.

Overall, the analysts sound more cautiously optimistic than their hold rating suggests.
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