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Technology Stocks : Trimble Navigation -- Ignore unavailable to you. Want to Upgrade?

To: SKIP PAUL who wrote (1927)	12/5/1997 12:38:00 PM
From: Robert A. Sutherland	Read Replies (2) \| Respond to of 3506

Where did you get 34% of Magellan for 66% of Ashtech stock? Ashtech gets 34% of the combined company (Magellan), Orbital gets 66% of the combined company (Magellan). Ashtech ceases to exist! Actual valuation is hidden, and can only be inferred from publicly available business models. Ashtech is more advanced in some areas, but Magellan has the better market growth path (I think). Ashtech managemant takes over. Again, the key here is that Chuck Boesenberg has grown Ashtech since 1994 and doubled profitability. Magellan appears to be bleeding money. Expect massive restructuring within Magellan to restore profitability. Have you seen any IPO's in the last two years that were based on bottom-line? The underwriters love story-stocks they can parlay into momentum plays. Growth is the key to this.