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Technology Stocks : Trimble Navigation

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Jan 30 3:59 PM EST

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To: Todd N. Weisrock who wrote (2039)	12/29/1997 6:22:00 PM
From: David	Read Replies (1) of 3506

So the stock was up on bad news . . . . I was going to post that I basically agreed with Skip on a $.30 quarter, but now I guess I won't. What leaps out at me is the $2.5 million shipping each day. That's a lot, if it is not just an unrepresentative rush at the end of the quarter. FY98 prediction: I'd say the stock earns in the range of $1.05 to $1.50 next year, on increased sales of about 25 percent. Best guess for earnings: $1.25 or a touch less. The way this stock is closing the year, I'd say investors are looking for a reason to push it past $30, but now they may not have one. I'd also say it will have a FY98 multiple of about 35, but could be higher at times next year; it looks like it's getting popular. Many tech stocks of this size are getting killed.

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