NovAtel - Global Positioning Systems Message Board

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Technology Stocks : NovAtel - Global Positioning Systems

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To: tango who wrote (140)	6/12/1998 8:26:00 PM
From: Bron-y-aur	Read Replies (1) of 191

tango good to see that there is someone else out there watching this dog.what are your thoughts for the nearterm. imo, at some point the stock will be oversold (maybe is now) and someone will come in and start buying. it trades so thinly that any news can drive it up (or down). witness in may after new directors were annnounced, it brushed close to $7 and then retraced to that very ugly $4.25 level. i did write to p spothelfer in may and he elaborated on the reasons for the disastrous quarter among other things. the following are some of his comments. i wouldnt take it to the bank but they do provide some comfort for those of us who havent bailed. "To further expand the company we are strengthening our distribution by opening an European office in July, we are implementing the new alliance with Nikon in Japan for the distribution of our survey and mapping products in this market and we are reorganizing our distribution in Canada. On the product development side we continue to develop new products which will extend our product portfolio substantially. Two weeks ago I have visited major institutional shareholders together with a Marconi executive and we plan a series of presentations later this summer with Canadian and US institutions and retailers. Communication with the analysts covering our stock is on going and part of our regular investor relation efforts. We at NovAtel are obviously not happy with the current share price. But we are also convinced of the mid- and long-term potential of NovAtel and do not have the short term view which seems to be typical for a lot of investors. We work hard to grow NovAtel and make the company successful and we strongly believe that we will succeed. This ultimate success will make our option valuable and you can be assured that this is very strong motivator."

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