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


To: Ricstar who wrote (2571)7/10/1998 12:11:00 PM
From: Alan Gallaspy  Respond to of 3506
 
Get another CEO and let Charles Trimble go out to pasture? I do not think so, as he owns a huge chunk of the company. He has been immune to any pressure shareholders can bring to bear, and nothing has changed that dynamic. Charlie just wants to make cool ways to drive bulldozers and plows, he is not overly concerned about what any shareholder may want.

Trimble Navigation has earned a permanent spot in my portfolio as a lesson in investing in great technology without a lot of great business practices to go with that technology. I keep it around as a constant reminder to check carefully into who runs the business and how they prioritize shareholders.