NovAtel - Global Positioning Systems Message Board

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Technology Stocks : NovAtel - Global Positioning Systems

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To: Robert T. Quasius who wrote (67)	12/24/1997 12:41:00 PM
From: David Rubin	Read Replies (1) of 191

Well this is certainly not good news. an 18% cut in this quarter's estimate is alarming, to say the least. $0.23 still represents a 360% increase over last year's quarter, but given that this quarter they have shipped far more WAAS receivers than any other quarter, I expected better numbers. This could only mean that their non-WAAS businesses are not doing as well as they could be, and this means the 3/97 quarter could be very disappointing. Not to mention this is the ugliest chart I have seen for any stock. There are no technical indications that this stock has found a bottom. If the stock can't find support at 7 we could be headed for new all-time lows. The fact that there is sure to be more tax selling doesn't help. I like this company, but not the stock. I think it may be time to take the loss now and wait for greener pastures next year.

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