One of the most useful technical developments of recent years allows folks to use satellite signals to determine precisely where they are. A leading maker of the devices that accomplish that bit of magic is headquartered in Sunnyvale, California.

Trimble Navigation (NASDAQ: TRMB) provides advanced positioning products and services to commercial and government users in the surveying, construction, agriculture, resource management, military, transportation and telecommunications markets. Essentially, the firm makes navigation systems and software based on the US government-owned global positioning system (GPS) satellite network. It also makes devices that track ground vehicle and aircraft fleets, as well as timing devices that synchronize communications equipment. Customers include Caterpillar (NYSE: CAT) and Nortel Networks (NYSE: NT).

The company surprised the Street last week, when it reported Q2 EPS of 35 cents and revenues of $327.7 million. Analysts had been expecting 30 cents and $311.4 million. The CEO attributed the good results to growth across all segments, particularly on the international side. Management also guided Q3 EPS to 26-28 cents (26 cent consensus) and Q3 revenues to $294-$299 million ($292.17M consensus). Needham, Dougherty and Soleil subsequently declared the stock a "buy." The share price popped on the news and has since been consolidating the gain in a bullish "pennant" pattern. Prices frequently exit pennants moving in the same direction they were traveling when they entered them. In this case, that would be to the upside.

Altogether, brokers now recommend the issue with six "strong buys," three "buys" and two "holds." Analysts expect a 21% growth rate through the next year. The TRMB Price to Free Cash Flow ratio (29.96), Sales Growth rate (33.59%), EPS Growth rate (25.00%) and Return on Assets (9.60%) compare favorably with industry, sector and S&P 500 averages. Institutional investors hold about 86% of the outstanding shares. The stock is one of those used to calculate the S&P 600 SmallCap Index. Over the past twelve months, it has traded between $21.45 and $39.02. A stop-loss of $33.25 looks good here.

Larry Schutts is a contributing editor for Theflyonthewall.com and the Vice-President of Stockwinners.com.

Trimble Navigation (TRMB): Global positioning for all originally appeared on BloggingStocks on Tue, 07 Aug 2007 14:55:00 EST. Please see our terms for use of feeds.

• Garmin Limited (NASDAQ: GRMN): Garmin is a worldwide provider of navigation and information devices, many of which are enabled by global positioning system technology. Last week, Garmin International announced the nuvi 200W and the nuvi 250W, two new widescreen GPS navigators. With a 4.3-inch color touch screen display and a high-sensitivity internal GPS antenna, the question is, can it trump whatever Apple does?

• Trimble Navigation Limited (NASDAQ: TRMB): Trimble provides advanced positioning product solutions, typically to commercial and government users. Last month it received an $8.8M purchase order from the U.S. Marine Corps and signed an agreement with Cox Communications. How formidable a competitor would Apple be?

• SiRF Technology Holdings Inc (NASDAQ: SiRF): SiRF is a supplier of GPS semiconductor solutions, offering a wide-range of GPS chip sets and other products for high-volume markets. Earlier this month, the company announced SiRFDiRect technology, what they touted as a "navigation breakthrough." Could Apple steal their thunder?

Apple reportedly developing navigation device originally appeared on BloggingStocks on Mon, 18 Jun 2007 12:14:00 EST. Please see our terms for use of feeds.

Stocks futures are positive in early morning trade, indicating to a similar start for stock.

Stocks might get a push higher today from several done deals, deals in the making, or possible deals. The strengthening dollar against the euro and the yen could also support stocks.

Today marks the beginning of a very busy week. The Federal Reserve will meet tomorrow and announce its decision on interest rates tomorrow at 2:15 p.m. Eastern. By and large, the market doesn't expect the Fed to move interest rates, especially after Friday's job report.

On Thursday, member nations of OPEC will meet. For now, oil prices fell below $62 a barrel ahead of the meeting, as there are mixed signals as to what the members would decide.

Finally, a key inflation indicator, Consumer Price Index, is due to be released Friday morning. Today, however, only wholesale inventories data for October are due for release at 10:00 a.m. Eastern.

But, as I mentioned earlier, today the buzz is all about the deals, the ones already signed and the speculated ones:

According to the Financial Times, the Home Depot Inc. (NYSE:HD) might announce a $100 million deal as it takes on a majority stake in Chinese chain HomeWay.

Brazilian steelmaker Companhia Siderugica Nacionale (NYSE:SID) raised its bid for Britain's Corus Group PLC (NYSE:CGA), topping an offer by Tata Steel of India.

British insurer Prudential Plc (NYSE:PUK) received a "very preliminary" approach, possibly from Citigroup Inc. (NYSE:C), for its Internet-banking business Egg, but rejected it.

Ford Motor Co. (NYSE:F) had seen strong interest and fierce bidding for its Aston Martin unit. Speculations are now that the line could sell for more than $1.2 billion.

The New York Times reports that Sabre Holdings Corp. (NYSE:TSG), owner of the Travelocity, is in talks with two groups bidding for company for more than $4 billion.

According to the Wall Street Journal, Harrah's Entertainment Inc.'s (NYSE:HET) board will meet Wednesday to discuss a buyout offer. In what seems to be a separate offer, a group led by Penn National Gaming Inc. (NASDAQ:PENN) and hedge fund D.E. Shaw might also bid for Harrah's.

Smith & Nephew Group Plc (NYSE:SNN), is close to bidding about $11 billion for Biomet Inc. (NASDAQ:BMET). It could face competition from Johnson & Johnson (NYSE:JNJ), Stryker Corp. (NYSE:SYK) and Zimmer Holdings Inc. (NYSE:ZMH).

A few other companies with deal stories today: Trimble Navigation (NASDAQ:TRMB) that bought @Road (NASDAQ:ARDI) for $496 million, or $7.50 a share. Gannett Co. (NYSE:GCI) that may sell its U.K. newspaper unit Newsquest. Pearson (NYSE:PSO) and LG.Philips LCD (NYSE:LPL) also made unrelated deals.

Before the bell 12-11-06: Deals could push stocks higher originally appeared on BloggingStocks on Mon, 11 Dec 2006 08:00:00 EST. Please see our terms for use of feeds.