Trimble Navigation $42.26 – Nasdaq symbol TRMB

Article Excerpt

TRIMBLE NAVIGATION $42.26 (Nasdaq symbol TRMB; SI Rating: Speculative) (408-481-6914; www.trimble.com; Shares outstanding: 120.2 million; Market cap: $5.1 billion) makes GPS devices and technology for four main markets: 1) Engineering and construction is the biggest contributor to revenue for Trimble, at 68% of revenues. 2) Agriculture GPS products (15% of sales) let farmers cut costs and increase yields by, say, precisely plowing, seeding or fertilizing fields, even at night. 3) GPS components (11% of sales) consist of GPS boards, modules, chipsets and technology licenses for major customers around the world. 4) Fleet products (6% of sales) track moving vehicles, and time their stops and starts. Trimble’s revenues in the three months ended June 30, 2007, rose 33.6%, to $327.7 million from $245.3 million. Earnings per share rose 11.5%, to $0.29 from $0.26. (All figures in U.S. dollars.) Trimble spends a high 11% of sales on research and development. Trimble is a buy for aggressive investors. investors…