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

To: Jamse who wrote (2568)	7/10/1998 10:28:00 AM
From: Jamse	Read Replies (1) \| Respond to of 3506

Here is another release with a little more info: SUNNYVALE, Calif., July 10 /PRNewswire/ Trimble Navigation Limited (Nasdaq: TRMB) today reported preliminary results for the second quarter ended July 3, 1998. Revenues for the second quarter of fiscal 1998 were approximately $76 million with earnings per share at approximately break even. This compares to revenues of $69 million and earnings of $0.17 per share reported in the same period last year. Revenues in the second quarter grew approximately 10% from the prior year period but were affected by a $5 million delay in orders from two major customers. "Overall demand for GPS products in the Americas remains strong," stated Charles R. Trimble, Chairman and Chief Executive Officer. "Two major partners delayed orders in the second quarter that we now expect to ship in the second half of the year." Mr. Trimble added, "Operating expenses only rose slightly over the first quarter, but were too high for the current revenue run rate. Manufacturing expenses remain high for our Austin aerospace division and we will focus on improving the operating model for this operation and the Company, overall." The Company will report second quarter earnings on July 23, 1998. To the extent that the matters discussed in this news release are forward- looking statements, they involve risks and uncertainties detailed from time to time in the Company's SEC reports, including Quarterly Reports on Form 10-Q and the Annual Report on Form 10-K. Trimble is a world leader in the emerging commercial markets for GPS satellite-based navigation, positioning and communication data products. The Company holds more U.S. patents on GPS and related technology than any other organization. Trimble products are sold worldwide for diverse applications including land and hydrographic surveying; mapping/GIS data acquisition; military; agriculture; general, corporate and commercial aviation; marine navigation; vehicle tracking and communications; and mobile GPS. The Company also manufactures and sells GPS engines for the OEM market. Founded in 1978 and located in Sunnyvale, California, Trimble has been a leader in providing GPS solutions since 1984. Company news and product information is available on Trimble's World Wide Web site at trimble.com.

To: Jamse who wrote (2568)	7/10/1998 5:08:00 PM
From: Richard Singer	Read Replies (2) \| Respond to of 3506

I spoke to Barbara Hall this a.m. I asked her if she would have made 10 or 11 cents if the sales were there, and her replay was 'more like 15 cents', because of the leverage. If they did 15 cents, the stock would be moving up, rather than down. The only number on the street belonged to Shroeder, and they expected 14 cents. To my question regarding earnings for the balance of the year, she said that they wanted to see the final numbers for this quarter first. They may make a penny, or they may lose a penny.......she's not sure yet. But they plan to stay very conservative with forward projections. The only bone she could throw me was that the second half should be stronger.Not much to hang your hat on, huh? With a three week wait for the official release, and a three month wait for Q3 ( and who knows what that will bring?), IMHO this stock is dead money at best. I also asked about capacity problems. New capacity should be there by year-end. Next question: Will it be enough? Barbara: Yes, for the foreseeable future. I still hold my belief in eventual success for this company. But now is apparently not the time. Good luck. Richard