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Technology Stocks : Trimble Navigation

TRMB 68.37

-2.4%

Jan 29 3:59 PM EST

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To: SKIP PAUL who wrote (1870)	11/24/1997 9:48:00 PM
From: David	Read Replies (2) of 3506

Excerpts from last SSR report on TRMB (October 8) . . . "One thing that amazes SSR is that a company the size of Trimble with a market cap of $444 million and last year's sales at $233 million does not have any major analysts on the story. This is sure to change. Whether it happens next quarter or next year, the recent and expected performance of this company is too hard to ignore for long. One reason for its lack of analyst coverage may be that it has no need of financing. Brokerages rarely pick up coverage unless there is an opportunity for profit in the future for its investment banking arm. Another reason may be its turbulent earnings history. . . . . "SSR recommends buying with a price target of $28, based upon an impressive outlook and possible new coverage." If I remember right, SSR is predicting earnings of $0.58 this year and $1.07 next year. They do say these estimates may be low.

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