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Technology Stocks : NVT - Source of GPS Software, Data, and Maps
NVT 28.39-0.6%Feb 21 4:02 PM EST

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To: jmiller099 who wrote (198)2/20/2008 2:15:18 PM
From: tech101  Read Replies (1) of 211
The Cheaper GPS Gets, the Better for NVT

GRMN is knocked down 9% today with positive surprises on both revenue and profit thanks to the worries on price and competitions. However, the cheaper as GPS gets, the more maps will be sold, and NVT will benefit greatly since there are only two map producers in the world.

I just downloaded a N. America map for my Tomtom Go 720 I bought in UK last fall. The cost - 80 bucks, Ouch !

Updated from 1:36 p.m. EST on Feb. 19. Garmin is confirming its reputation as the Rodney Dangerfield of the stock market: No matter how well the company performs, it gets no respect. The stock is down 8% as I write, as investors react negatively to comments on the call that really shouldn't be a cause for concern. The results themselves were spectacular, with EPS of $1.31 beating Street estimates by 20 cents on revenue that doubled year over year. to $1.22 billion, well ahead of the $1.05 billion consensus. Adding fuel to the fire, management's 2008 guidance was positive, indicating revenue well ahead of the Street ($4.5 billion vs. $4.26 billion) and EPS "exceeding" the current consensus $4.40. Investor sentiment soured on the additional commentary on 2008. Management admitted (shocking!) that personal navigation devices are a competitive market and average selling prices should decline 20% next year. I...
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