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

To: SKIP PAUL who wrote (2587)	7/13/1998 8:23:00 AM
From: Richard Singer	Read Replies (1) \| Respond to of 3506

The Austin,TX aerospace division was cited as being responsible for further erosion in margins. Charlie Trimble: "Operating expenses only rose slightly over the first quarter but were too high for the current revenue run rate". The way I read it, these 'slightly higher expenses' amount to about 2 million, should they report a break even second quarter. That's a fairly substantial 5% - 6% 'slight increase'. Until Trimble can start proving itself by stringing some good quarters together, this stock's unlikely to perform. Reluctantly, I'm out. Good luck, Richard