To: David who wrote (2336 ) 3/14/1998 5:55:00 PM From: Rubble Respond to of 3506
Here's the reason TRMB declined on Friday: Federal Filings Newswires Friday, March 13, 1998 Insiders Sell TRIMBLE NAVIGATION LTD. Stock FORM 4 ISSUER: TRIMBLE NAVIGATION LTD. SYMBOL: TRMB FILER: ESCHENBACH RALPH TITLE: Officer SOLD: 02/13/98-02/19/98 11,000 20.50-20.63 OWNERSHIP: 228,927 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ISSUER: TRIMBLE NAVIGATION LTD. SYMBOL: TRMB FILER: SORDEN JAMES L TITLE: Vice President SOLD: 02/23/98 4,628 20.06 OWNERSHIP: 222,675 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 06:37 Of course small fractional drops in the holdings of a couple officers is not a very good reason for a sell-off, especially since it was clearly options related, but that's why it happened. Perhaps, TRMB staff should be encouraged to write covered calls, and just roll them up when theyre about to expire, instead of these insignificant sales that sends the stock price lower. Here's a couple takes on the Siemens deal. One is from the LA Times: Communications Today Friday, March 13, 1998 Siemens-Trimble Alliance Focuses On Components For Next-Generation GPS Trimble Navigation Ltd. will seek to further develop its global positioning system (GPS) technology through an alliance that the company has formed with Siemens AG [SMAWY] in which the parties will develop the next generation of GPS-related silicon components and software. Terms of the companies' agreement call for Munich-based Siemens Semiconductors to design, manufacture and market integrated circuits for GPS applications and for Trimble to license its GPS software to purchasers of the Siemens-made components. In this way, customers can take advantage of a "complete, system-level solution," Trimble said. The initial product offering will be a GPS chipset consisting of an RF front-end and baseband correlator with an integrated Siemens microprocessor. The alliance is geared toward leveraging business opportunities in several market segments. For instance, Siemens' standing in the GSM wireless market sets up opportunities for combining telematics and wireless communications. In a similar vein, Trimble said that through their alliance, it will have access to Siemens' exclusive processes and technologies that have been qualified by the automotive industry. "Now that the volume of in-vehicle navigation and telematics systems has begun to materialize in Europe, several of our automotive customers have expressed a strong interest in purchasing GPS components based on Trimble technology directly from semiconductor manufacturers," noted Charlie Trimble, president of the company bearing his name. (Lea Ann McNabb, Trimble Navigation, 408/481-7808; Katja Schlendorf, Siemens, +49-89-636-28480.) Los Angeles Times Thursday, March 12, 1998 Business; Financial Desk CALIFORNIA: News and Insight on Business in the Golden State THE STATE / TECHNOLOGY Trimble, Siemens Team on GPS Devices Bloomberg News Trimble Navigation Ltd. said it will partner with Germany's Siemens to boost sales of global positioning system devices, which can be used to track locations worldwide. Sunnyvale-based Trimble said it will work with the semiconductor unit of Siemens to design and manufacture new versions of GPS systems. It did not disclose the terms of the alliance. Siemens will license Trimble's underlying technology and software, install them in its systems, and sell the package through its own sales force, which Trimble will help train. Ship captains, truck drivers and military units use GPS to pinpoint their locations and relay information to home ports and bases. The Siemens arrangement could speed the development of more advanced products for car drivers as well, a Trimble representative said. Trimble shares rose 31 cents to close at $19.31 on Nasdaq.