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Technology Stocks : Trimble Navigation

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To: SKIP PAUL who wrote (2050)	12/30/1997 10:00:00 AM
From: Hockeyfan	Read Replies (1) of 3506

Schroeders Downgrades to Neutral - 4Q97 EPS likely to be below current earnings estimate - Downgrading to NEUTRAL given recent price appreciation and earnings shortfall - 4Q should be in $.09 to $.18 range with 1997 being $.40 to $.49 - Remains positive on 1998 outlook with $.95 EPS and $27 targets - attributed shortfall to CUGR - "Settlement of 2 lawsuits (Trimble won)" should add $700,000 or $.02 to G&A expense Momentum is building as order rate was strong with higher backlog composed of much higher margin products GPS Total Station 4800 continues to see strong demand.

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