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Technology Stocks : NovAtel - Global Positioning Systems -- Ignore unavailable to you. Want to Upgrade?

To: Robert T. Quasius who wrote (73)	1/9/1998 3:20:00 PM
From: David Rubin	Read Replies (1) \| Respond to of 191

Well the stock has perked up. Market crashing today, Novatel up almost 10%. Still can't figure this one out. A 1997 P/E of 12 is a steal for a 25% growth company. NGPSF should be trading at 16. I was thinking that one thing which might be hurting this stock is the strong U.S. dollar. The Canadian dollar is very weak vs. the U.S. dollar, which could hurt their numbers. Oh well, I sold most of my position for a tax loss but held on to some shares for the long term. Lets hope it reaches its potential...