NovAtel - Global Positioning Systems Message Board

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Technology Stocks : NovAtel - Global Positioning Systems

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To: Philip Benson who wrote (134)	4/14/1998 6:26:00 PM
From: David Rubin	Read Replies (1) of 191

I think there is more to the picture than this. NovAtel must really be hurting on non-WAAS products. They had the biggest quarter of WAAS shipments on record, yet they were only able to post modest results for the quarter. Now there is a warning that there will be significant revenue shortfalls, with only a typical vague mention that the future looks brighter. I think NovAtel's management has a lot to answer for. With their supposedly superior technology, why haven't they made significant inroads into other markets? And they've always claimed that the WAAS program would be a springboard for winning contracts for similar programs in other countries. Why have we not seen even one such contract, or even a mention that they are in the running? I see a desparate company grasping at straws. Their relationship with Marconi is suspect. They have fallen way short of their growth projections. I see no reason to invest in such a risky venture when there are other opportunities to explore in this tired bull market. I'm out at 7 1/2. Good luck to everyone.

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