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

To: arun gera who wrote (2491)	5/26/1998 5:27:00 PM
From: David	Read Replies (1) \| Respond to of 3506

The June issue of Individual Investor magazine recommends TRMB . . . . And has the following interesting points to make: * Trimble projects the GPS CDMA timing market to be worth $50 to $100 million a year. * TRMB, selling at about 1.5 P/S ratio, is relatively underpriced compared to takeovers of Ashtech at 2 times sales (the subject of much speculation on this thread several months ago) and NovAtel, at 4.5 times sales. II attributes the TRMB discount price to its history of inconsistent earnings. * Speaking of earnings, II says TRMB should make $.91 on $325 million in revenues this year, and projects $1.19 EPS next year (I recall TRMB's management's goal for next year is $1.50 a share, but . . . .).