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

To: Jamse who wrote (2410)	4/7/1998 9:05:00 AM
From: arun gera	Read Replies (2) \| Respond to of 3506

Signs of further consolidation. Canadian Marconi buys into Novatel and Novatel is hurting. Is Novatel a victim of Trimble 4800? First Quarter Earnings Outlook for Novatel While expressing general optimism about the prospects for NovAtel, Spothelfer also noted today that the Company's financial performance would reflect a slowdown in the first quarter. ''Having closed our first quarter books, it is clear that our results will not be up to expectations,'' he said. ''Our revenues have been hurt by fewer deliveries into the survey segment, where distribution issues in Canada, the Asian slowdown and project delays experienced by OEM customers have caused a significant shortfall. We expect revenues to come in between $4.6 and $4.8 million. With continued strong investment in R&D and development of both our OEM and end-user channels; we continue to be optimistic that demand for the company's products will once again begin to accelerate. In this quarter NovAtel currently expects to experience a significant loss of CDN $0.15 to $0.17 per share from continuing operations, but believes that it may break-even overall, including gains from discontinued operations.''