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

To: arun gera who wrote (2655)	7/31/1998 2:27:00 AM
From: arun gera	Respond to of 3506

Novatel - Losses in the Last quarter Revenues in the second quarter were CDN $5.7 million (US $3.8 million), compared to CDN $6.7 million (US $4.5 million) in the same period a year ago. Loss from continuing operations was CDN $610,000 (US $408,000) or CDN $0.08 per share (US $0.05), versus income from continuing operations of CDN $1.6 million a year ago. For the first six months of 1998, NovAtel reported revenues of CDN $10.5 million (US $7.0 million), down from CDN $12.1 million (US $8.1 million) in the same period a year ago. For the first half of 1998 the company recorded a loss from continuing operations of CDN $1.8 million (US $1.2 million), or CDN $0.23 per share (US $0.15), versus income from continuing operations of CDN $2.3 million (US $1.5 million) in the same period a year ago.

To: arun gera who wrote (2655)	7/31/1998 2:30:00 AM
From: arun gera	Respond to of 3506

Magellan/Ashtech - Losses The company's satellite access products sector, including mobile satellite navigation, positioning and communications products and transportation management systems, generated revenues of $28,556,000 for the quarter, an increase of 44% over the 1997 comparable quarter. This sector reported a net loss in the second quarter of 1998 of $4,914,000 compared to net income of $634,000 in the 1997 quarter as a result of lower than expected sales of automotive navigation and other access products. The company's satellite access products sector generated revenues of $58,310,000 for the first half of 1998, an increase of 64% over the 1997 comparable period. This sector reported a net loss in the first half of 1998 of $5,683,000 as compared to net income of $1,352,000 in the 1997 six-month period.

To: arun gera who wrote (2655)	7/31/1998 7:07:00 PM
From: Bill Day	Read Replies (1) \| Respond to of 3506

Arun, thanks for the reply. I probably sounded too negative about surveying. I expect year over year growth for a long time, but no explosive growth. A lot of guys out there have already purchased GPS systems and a lot of them haven't yet. It's still a pretty big investment. Like you said the cost of labor will probably be a big factor in developing countries. >Basically, whoever owns the cockpit will get the best chance to also sell the GPS receiver to the pilot.< This is the kind of insight I was hoping for, although it may not be as positive as I had hoped. >The "smart bomb" project with Lockheed could be big but is subject to delays before high production rates are required.< Projects like that are what I've really had high hopes for. It seemed like the CUGR deal got blamed for costing us more money than it made, although I doubt if that was really true. Timing is the one I didn't foresee. Imagine Trimble actually making more money than we expected on something, for once. By the way the POB magazine (surveying) annual GPS issue is coming out in August, If you are interested in a free subscription, go to pobonline.com and convince them you work in the business. Thanks for good post, Bill Day