Posts for Ticker ‘TRMB’

Is Google’s Navigation Launch A Category Killer? (GOOG, TRMB, GRMN)

GOOG ImageGoogle Inc. (NASDAQ: GOOG) and its ‘new’ navigation via Google Maps Navigation is putting the hurt on the GPS competitors.  Trimble Navigation (NASDAQ: TRMB) posted income of $15.6 million, a 60% drop, in its quarterly profits yesterday and revenue was down 18% to $269.7 million.  Unfortunately, the guidance was under expectations.  And shares are only down 0.2% at $21.25 after recovering from morning lows.  Garmin Ltd. (NASDAQ: GRMN) is getting clipped far worse as the ‘launch’ from Google seems to be a direct assault on its model, and Garmin’s earnings are just a week away.  Today’s only real shock may be in the timing of the launch.
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Posted on: October 28, 2009 – 2:46 pm in Consumer Electronics, Internet, Technology Companies, Wireless, , ,

24/7 Wall St. TV: Sony–No Hit Products Since The Stone Age

24/7 WallSt TVSony has been skewered for its lack of innovation for the last half decade. Its last big consumer electronics hit was the Walkman which went on sale in June 1979. Sony had another hit in 2000 when it launched the PlayStation 2 which has sold over 140 million units, but game consoles are not a mainstream electronics business, no matter how profitable they are. Video games don’t sell across the broad spectrum of consumers the way that PCs, TVs, and handsets do. Read More »

Posted on: July 31, 2009 – 4:37 am in Consumer Electronics, Earnings, Editor's Picks, Entertainment, Hardware, PC Companies, Satellite, Software, Video Games, Wireless, , , , , , , , , ,

Trimble Earnings… a Prelude to Garmin? (TRMB, GRMN)

Trimble Navigation Limited (NASDAQ: TRMB) is a very different company than Garmin Ltd. (NASDAQ: TRMB).  Trimble offers advanced positioning product solutions to commercial and government users.  Garmin is the GPS provider that is one your dashboard your car or on at least one person’s that you know personally.  Trimble gave earnings after the close, and some will try use it to gauge Garmin’s earnings next week.
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Posted on: July 28, 2009 – 4:35 pm in Consumer Electronics, Earnings, ,

Top Analyst Upgrades (BCS, IDTI, JNY, NTES, POR, SQNM, TRMB, UEC)

These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street early this Wednesday morning:

Barclays (BCS) Raised to Overweight at HSBC.
Integrated Device Tech (IDTI) Raised to Buy at Deutsche Bank.
Jones Apparel (JNY) Raised to Buy at Lazard.
Netease.com (NTES) Started as Outperform at Bernstein.
Portland General Electric (POR) Raised to Overweight at Barclays.
Sequenom (SQNM) Started as Buy at Auriga.
Trimble Navigation (TRMB) Raised to Buy at Needham.
Uranium Energy Corp. (UEC) Raised to Sector Perform at RBC.

JON C. OGG

Posted on: April 29, 2009 – 6:51 am in Analyst Calls, , , , , , , ,

Top10 Analyst Upgrades & Downgrades (ABB, APD, BP, BRCD, NAT, OSG, OVTI, TEVA, TRMB, WBS)

These are ten of the top analyst upgrades and downgrades that are independent of earnings news from Wall Street this Thursday morning:

ABB (ABB) Cut to Hold at Societe Generale.
Air Products (APD) Raised to Buy at Citigroup.
BP plc (BP) Raised to Buy at RBS.
Brocade Communications Systems (BRCD) Raised to Buy at Jefferies.
Nordic American Tanker (NAT) Cut to Sell at Cantor Fitzgerald.
Overseas Shipholding (OSG) Cut to Hold at Cantor Fitzgerald.
OmniVision (OVTI) Raised to Overweight at JPMorgan.
Teva (TEVA) Started as Buy at Jefferies.
Trimble Navigation (TRMB) Raised to Outperform at William Blair.
Webster Financial (WBS) Cut to Underperform at FBR.

JON C. OGG

Posted on: April 23, 2009 – 6:45 am in Analyst Calls, , , , , , , , , ,

Top Pre-Market Analyst Downgrades (AEG, AAPL, BHP, CSIQ, CWST, JASO, MTB, NT, RRGB, STP, TRMB, WMI)

Burning_money_picThese are some of the top pre-market analyst downgrades we have seen this Thursday morning with more than two hours until the market opens:

  • Aegon (AEG) Cut to Sell at UBS.
  • Apple (AAPL) Cut to Underperform at RBC.
  • BHP Billiton (BHP) Cut to Neutral at Credit Suisse.
  • Canadian Solar (CSIQ) Cut to Neutral at Broadpoint AmTech.
  • Casella Waste Systems (CWST) Cut to Neutral at JPMorgan.
  • JA Solar (JASO) Cut to Neutral at Broadpoint AmTech.
  • M&T Bank (MTB) Started as Underperform at FBR.
  • Nortel (NT) Cut to Underperform at CIBC.
  • Red Robin Gourmet (RRGB) Cut to Neutral at Piper Jaffray.
  • Suntech Power (STP) Cut to Neutral at Broadpoint AmTech.
  • Trimble Navigation (TRMB) Cut to Underweight at JPMorgan.
  • Waste Management (WMI) Cut to Neutral at JPMorgan.

Jon C. Ogg
January 15, 2009

Posted on: January 15, 2009 – 7:39 am in Analyst Calls, , , , , , , , , , , ,

Top Pre-Market Analyst Upgrades (ACC, CLS, CHS, EL, JBLU, SLGN, TRMB)

These are some of the top pre-market analyst upgrades we are seeing this Friday-crash morning:

  • American Campus (ACC) Raised to Outperform at Baird.
  • Celestica (CLS) Raised to Outperform at CIBC.
  • Chico’s FAS (CHS) Raised to Market Weight at Thomas Weisel.
  • Estee Lauder (EL) Raised to Neutral from Sell at Piper Jaffray.
  • Jetblue (JBLU) Raised to Overweight at JPMorgan.
  • Silgan Holdings (SLGN) Raised to Buy at Deutsche Bank.
  • Trimble Navigation (TRMB) Raised to Outperform at Oppenheimer.

Jon C. Ogg
October 24, 2008

Posted on: October 24, 2008 – 7:05 am in Analyst Calls, , , , , , ,

Early Bird Analyst Upgrades (ALVR, ABV, ABC, NITE, MSSR, NDAQ, PCX, TRMB)

These are some of the analyst upgrades and positive calls coming from Wall Street this Wednesday morning with more than two hours to the open:

  • Alvarion (ALVR) Started as Buy at Deutsche Bank.
  • AmBev (ABV) Raised to Outperform at Credit Suisse.
  • AmerisourceBergen (ABC) Raised To Buy at Merrill Lynch.
  • Knight Capital (NITE) Raised to Buy at Goldman Sachs.
  • McCormick & Schmick’s (MSSR) Started as Buy at Jefferies.
  • Nasdaq OMX (NDAQ) Raised To Buy at Goldman Sachs.
  • Patriot Coal (PCX) Started as Buy at UBS.
  • Trimble Navigation (TRMB) Started as Buy at Deutsche Bank.

Jon C. Ogg
September 24, 2008

Posted on: September 24, 2008 – 6:23 am in Analyst Calls, , , , , , , ,

Top 10 Pre-Market Analyst Calls (BMY, MAR, MS, NRG, OMRI, SNCR, TRMB, TSN, MTN, XNPT)

These are ten of the analyst calls we are focusing on this Wednesday morning in pre-market trading:

  • Bristol-Myers (NYSE: BMY) cut to Neutral at Cowen.
  • Marriott (NYSE: MAR) cut to Perform at Oppenheimer.
  • Morgan Stanley (NYSE: MS) Raised to Outperform from Market Perform at Wachovia.
  • NRG Energy (NYSE: NRG) Cut to Neutral at Credit Suisse.
  • Omrix (NASDAQ: OMRI) Cut to Neutral from Buy at UBS.
  • Synchronoss Tech (NASDAQ: SNCR) started as Buy at Brean Murray.
  • Trimble Navigation (NASDAQ: TRMB) Cut to Neutral from Overweight at JP Morgan.
  • Tyson Foods (NYSE: TSN) Raised to Outperform from Market Perform at Wachovia.
  • Vail Resorts (NYSE: MTN) started as Buy at Banc of America.
  • XenoPort (NASDAQ: XNPT) Started as Buy at Goldman Sachs

Jon C. Ogg
June 4, 2008

Posted on: June 4, 2008 – 6:53 am in Analyst Calls, , , , , , , , , ,

Garmin Punished by TomTom Warning, A Week After Garmin’s Own Downward Guidance (GRMN, TRMB, NVT, NOK)

Garmin Ltd. (NASDAQ: GRMN) is in a funk, after being in its own funk less than one week ago.  Just last week it gave comments to Reuters discussing forward guidance that Wall Street rightfully took as a light version of an earnings warning, which was going to be under estimates if the company wasn’t trying to leave itself with a huge amount of leeway so it would be well received.  Garmin’s biggest problem now, besides a market and economy that won’t be good for it, is that its shares just took out 52-week lows again.

Today, TomTom overseas issued its own warning. It noted that retailers had reduced PND devices inventory levels by more than expected.

This just goes to show you that even after a major market drop and recovery that the markets are nowhere close to efficient as of yet.  Garmin already outlined much of this last week.  We noted that Garmin’s woes looked adequately factored in after a 60% drop last week with using some common sense about what people will spend on in 2008, although we also noted that the PND and GPS sector was still going to have problems of its own.  So the market is back to headline-reactionary only: "Industry leader warns, stock drops severely… 1 week later its competitor warns, industry leader’s stock whacked hard again."

We first started seeing signs of a crack in the GPS market back in November, 2007, when we saw Trimble Navigation (NASDAQ: TRMB) issue statements.  Speaking of Trimble, its shares are down mildly by almost 1% at $27.10 today.

Shares of NAVTEQ Corp. (NYSE: NVT) are actually up marginally today and up quite a bit higher than last week, so perhaps the fears are easing about any concerns over Nokia (NYSE: NOK) acquiring it.  That is still under European Union review and could be close to three months before the full answer is known.  NAVTEQ shares are up 1.3% at $66.90, which is more than 6% off of the lows of last week.

A downgrade out of Soleil Securities from this morning certainly isn’t helping after the boutique lowered its Buy rating down to a new Hold rating.  Just keep in mind that this downgrade while the stock is under $50.00 comes after a 60% sell-off after this has been as high as $125.00.  We would caution that stocks that gap under $52-week lows twice tend not to see immediate recoveries, and a stock trading community that can only react to every headline as if it was fresh and developing each day isn’t going to offer much help either.

You can join our open email distribution list to hear about buybacks, special financings, secondary offerings, M&A, and more previews for other special situations.

Jon C. Ogg
April 8, 2008

Jon Ogg produces the Special Situation Investing Newsletter.  He can be reached at jonogg@247wallst.com and he does not own securities in the companies he covers.

Posted on: April 8, 2008 – 1:32 pm in Consumer Electronics, , , ,

Garmin Guidance Priced In, But PND Sector & Merger Issues Persist (GRMN, NVT, TRMB, NOK)

Garmin Ltd. (NASDAQ: GRMN) already saw the wrath of traders today after its CFO told Reuters in an interview that the revenue drop on a sequential basis (quarter/quarter) would see a drop of 40% to 50%.

With the last quarter showing some $1.217 Billion in revenues, you would derive a new range of $606 million to $730 million.  Before any estimate changes have been made, First Call has estimates for the quarter at $731.4 million.  When you compare that to Q1 2007, it doesn’t look so bad as the Q1 2007 showed some $492 million in revenues.

In no way can you call this good news, but…..  There is always a silver lining if you look at the big picture.  Garmin shares were trading down 10% around $50.00 in pre-market trading.  The low print was $50.18 today, under the prior 52-week low of $52.18. 

We noticed some trends peaking back in November when we saw some concerning data out of Trimble Navigation (NASDAQ: TRMB). 

One other issue to constantly watch is that Nokia (NYSE: NOK) acquisition of NAVTEQ (NYSE: NVT).  With a cash purchase price of $78.00 per share and a current share price of $64.70, you have to wonder about the reality of many thinking a Nokia regret or buyer’s remorse.  That’s the situation, even if NAVTEQ already approved the deal. Shares were above $75.00 just one month ago.  That is a wide enough arb-spread to scare many merger-arb players.  The European Commission’s extended review already gives this another 90 to 125 days before that approval answer is known.

With a high of $125.68 over the last year (October 2007), this sell-off marked a more than 60% cut in share prices.  An $11.7 Billion current market cap still seems high, but at some point enough is enough.  Things can always get worse, that is always present.  But shares are down by less than 5% at $53.84 after 90-minutes of trading.

It’s not prudent to call an all-clear and run out in the open here.  But it would also be foolish to say that you have only seen the beginning.  Sometimes "Less-Bad" is good enough.  It might not be the perfect comfort level entry for a longer-term investor, but the day traders just cleaned up this morning.

We consistently review merger-arb statistics and spreads for our special situations newsletter and we also make many general updates regarding mergers, speculation, and more on our open email distribution list.

Jon C. Ogg
April 3, 2008

Jon Ogg produces the Special Situation Investing Newsletter; he does not own securities in the companies he covers.

Posted on: April 3, 2008 – 10:21 am in Consumer Electronics, Earnings Warning, Wireless, , , ,

Pre-Market Stock News (January 24, 2008)

We are full blown into earnings season now.  These are not all of the stocks in the news, but this is a good portion of the news in individual stocks for traders to review this morning:

  • Annaly Capital Management, Inc. (NLY) priced its secondary of 51,000,000 shares of common stock at $19.25 per share.
  • AT&T (T) $0.71 EPS vs. $0.71 estimate; new share buyback plan of up to 400 million shares.
  • Becton Dickinson (BDX) $1.07 EPS vs $1.04 estimate; raised guidance before charges.
  • Cabot Micro (CCMP) $0.51 EPS vs $0.47 estimate.
  • Cubist Pharmaceuticals (CBST) shares rose another 7% to $21.72 after beating earnings and raising guidance.
  • Danaher (DHR) $1.12 EPS vs. $1.12 estimate.
  • DuPont (DD) noted as strong value without earnings risk according to Cramer on CNBC’s Mad Money.
  • eBay (EBAY) shares fell over 5% after beating earnings but lowering guidance; Meg Whitman retires as CEO but stays on board.
  • F5 Networks (FFIV) shares rose almost 20% after beating earnings.
  • Ford (F) -$0.20 EPS vs. -$0.19 estimates; CEO will be on CNBC at 12:15 PM EST.
  • IBM (IBM) noted as strong value without earnings risk according to Cramer on CNBC’s Mad Money.
  • Lennar (LEN) -$0.42 EPS vs, -$1.61 est.; but losses were before -$7.50 per shares in charges; sees 2008 continuing weakness.
  • Lockheed Martin (LMT) $1.89 EPS vs. $1.69 estimate; sees 2008 EPS $7.05 to $7.25 vs. prior guidance $6.19 to $7.15 and vs. $7.29 estimate.
  • Microsoft (MSFT) reports earnings after the close today with estimates at $0.46 EPS on revenues of $15.94 Billion.
  • Napster (NAPS) msic rental service is now available to NTT DoCoMo subscribers.
  • Netflix (NFLX) earnings were above plan and guidance was too; shares indicated up slightly.
  • Nokia (NOK) announced its market share rose to 40% and posted a 57% gain in earnings overseas.
  • Plexus Corp. (PLXS) raised guidance to $0.46 to $0.51 EPS on revenues of $440 million to $460 million, compared to estimates of $0.42 & almost $430 million;shares rose 8.3% to $21.50 in after-hours trading.
  • Polycom (PLCM) posted $0.42 EPS on revenues of $263.3 million vs. estimates of $0.39 & $252.5 million; shares rose some 7.7% to $24.00.
  • Potash (POT) announced it would repurchase up to 5% of its outstanding shares.
  • Qualcomm (QCOM) posted $0.46 EPS and non-GAAP EPS at $0.52 EPS on $2.44 Billion in revenues.  Estimates were $0.53 EPS on revenues of $2.41 Billion, 6% to $38.90 after-hours.
  • Symantec (SYMC) beat earnings; raised guidance; shares rose 8.5% at $16.55.
  • THQ (THQI) traded down 8% after disclosing net profit drops on charges from discontinued titles.
  • Trimble Navigation (TRMB) shares rose 15% at $27.45 after raising current guidance and reaffirming 2008 revenues.
  • Western Digital (WDC)  $1.35 EPS vs. $1.04 estimate; sees next quarter $0.85 to $0.91 EPS  & $2 Billion revenues vs. estimates of $0.80 & $1.9 Billion; shares rose by almost 7%.
  • World Acceptance (WRLD) $0.54 EPS vs. $0.46 estimates.
  • Xerox (XRX) $0.41 EPS vs $0.41 estimate; sees next quarter $0.25 to $0.28 vs. $0.28 estimate; sees 2008 $1.31 to $1.35 EPS versus $1.31 estimates.

Jon C. Ogg
January 24, 2008

Posted on: January 24, 2008 – 7:50 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , , , , , , , , ,

After-Hours Stock Gappers (January 23, 2008) (FFIV, TRMB, SYMC, PLXS, PLCM, CBST, WDC)

We have covered some of the earnings movers in after-hours already, but with earnings season now running full-tilt there are many other stocks that are gapping up.  Here are some of the more active stocks gapping higher:

  • F5 Networks (NASDAQ: FFIV) posted a 21% drop in earnings but gave adjusted EPS guidance above street projections; announcing a $200 million share buyback plan probably didn’t hurt either.  This one is volatile as can be with a 52-week trading band of $18.11 to $46.94.  Shares closed down 1% at $20.18 on the day, but shares are up almost 20% at $24.20 after the bell.
  • Trimble Navigation (NASDAQ: TRMB) must have gotten tired of all the negative valuation calls on GPS systems.  The company raised its Q4 2007 earnings and revenue guidance and reiterated its 2008 revenue plan.  Its $250 million buyback plan for common stock didn’t do any disfavors.  Shares closed down over 2% at $23.85 today, but shares are up 15% at $27.45 after-hours; 52-week trading range is $22.51 to $43.15. 
  • Symantec (NASDAQ: SYMC) probably got tired of us calling them a turnaround that hasn’t turned and its CEO John Thompson must not like us calling him out.  We’re glad because we actually like the company and its strategy, even if Wall Street has disagreed with the plan for longer than holders care to recall.  We even recently noted that the company looks like it is changing some of its stripes.  The data security software and storage provider put next quarter guidance at $0.33 to $0.35 non-GAAP EPS on revenues of $1.5 to $1.54 Billion; First Call had targets at $0.30 & $1.48 Billion.  Shares rose 1.6% to $15.26 after touching a new 52-week low today and shares are now up about 8.5% at $16.55.
  • Plexus Corp. (NASDAQ: PLXS) rose 7% in normal trading to $19.84.  But the company raised guidance to $0.46 to $0.51 adjusted EPS on revenues of $440 million to $460 million, compared to estimates of $0.42 & almost $430 million.  That was enough to take shares up another 8.3% to $21.50 in after-hours trading.
  • Polycom (NASDAQ: PLCM) showed that video and IP phones are still selling well after a report of $0.42 EPS on a 41% gain in revenues to $263.3 million.  First Call had estimates at $0.39 & $252.5 million.  Shares were down 1.3% at $22.28 in regular trading but shares rose some 7.7% to $24.00 in the after-hours session; its 52-week trading range is $21.38 to $36.61.
  • Cubist Pharmaceuticals (NASDAQ: CBST) closed down 0.5% at $20.23 in normal trading, but then the company posted earnings on strong sales of Cubicin.  The company posted a non-GAAP EPS for all of 2007 at $1.20 on $194.7 million in revenues.  At year-end Cubist had $398.3 million in cash, cash equivalents and investments.  It now sees Cubicin sales in 2008 to reach $370 to $385 million, while analysts expect total revenues of just under $384 million.  Volume was a bit thin but its shares rose another 7% to $21.72 in after-hours trading; its 52-week range is $17.01 to $25.72.
  • Western Digital (NYSE: WDC) didn’t want to be left out of the fun.  The number two hard drive maker posted earnings of $1.35 EPS, well above the $1.04 consensus estimate; Revenues were $2.2 Billion versus a $2.05 Billion estimate.  This one had already raised guidance.   Now the company targets the coming quarter at $0.85 to $0.91 EPS with revenues up to $2 Billion, while estimates from First Call are $0.80 & $1.9 Billion.  This one traded up 3.7% to $24.94 today, but shares rose another 7% to $26.65 in after-hours trading .  Maybe companies that raise guidance can really be trusted to beat that guidance.  This was our top buyout candidate into 2007 when the private equity firms could have acquired it on the cheap, but that’s their loss.

Have a great night and get ready for Microsoft earnings Thursday after the close.

Jon C. Ogg
January 23, 2008

Posted on: January 23, 2008 – 7:31 pm in After-Hours Activity, , , , , , ,

Many Major Tech, Media, Telecom Hitting New 52-Week Lows

With about 20 minutes to go into the close and on one ugly day, we have the DJIA down nearly 300 points, the NASDAQ down almost 40 points, and even the S&P 500 down over 35 points.  We have been commenting about the recession for some time now and this is going from the good to the bad to the fugly.  Of course financials, REIT’s, retail, and other classic sectors had more than their fair share of 52-week lows.  But Telecom, Media, and Tech reached these critical 52-week lows and these are looking horrible. 

The markets are hostage to the ratings agencies now.  Here is what happens when you look at "VALUE INVESTING" in technology:

Alliance Data (ADS), Answers (ANSW), ATMI Inc. (ATMI), BigBand Networks (BBND), British Sky ADR’s (BSY), CA inc. (CA), CBS Corp. (CBS), Century Tel (CTL), Cincinatti Bell (CBB)…

Cisco Systems (CSCO) is a new entrant, this was surprising but those teen prices were in 2006.

Cogent (COGT), Cohu Inc. (COHU), Computer Science (CSC), Compuware (CPWR), DireTV (DTV),
Echostar (DISH).. unsure because of reorg…, Emulex (ELX), Epicor Software (EPIC), General Electric (GE), Getty Images (GYI), Gluu Mobile (GLUU), Hungarian Telecom (HTC), Internet Capital Group (ICGE), Interactive Intelligence (ININ), J2 Global (JCOM), ML Internet HOLDRs (HHH), ML Telecom HOLDRs (TTH), PlanetOut (LGBT), Liberty Media (LINTA), Loral Space (LORL), Live Nation (LYV), Sourcefire (FIRE), Flextronics (FLEX), Monster Worldwide (MNST)….

Motorola (MOT), Martha Stewart (MSO), Mattson Tech (MTSN), Network Appliance (NTAP), Orbitz Worldwide (OWW), Plantronics (PLT), Powershares Dynamic Media (PBS), Qwest Communications (Q), RCN Corp. (RCNI), RF Micro Devices (RFMD), Riverbed Tech (RVBD), Savvis (SVVS), Sprint Nextel (S), SiRF Tech (SIRF), Stamps.com (STMP), Time Warner (TWX), Trimble Navigation (TRMB), Veeco Inst. (VECO), Vishay (VSH), Voltera Semiconductor (VLTR), Xinhua Finance Media (XFML) ,

Yahoo! (YHOO) ouch.

This is almost enough to make many people cry.  The VIX is trading at 27.34 and is up 2.96 points but we aren’t even at 30 yet meaning that massive critical oversold and true panic levels haven’t yet been reached.

Jon C. Ogg
January 17, 2008

Posted on: January 17, 2008 – 3:51 pm in HI/LOW, Media, Technology Companies, Telecom, , , , , , , , , , , , , , , , , , ,

Backward & Forward, Cramer In 2007 To 2008

2007 was one volatile year and for now it appears that will be the norm for at least the start of 2008.  Everyone’s favorite market pundit or least liked pundit is obviously Jim Cramer.  If you love Cramer or can’t stand him it really doesn’t matter.  He signed a new multi-year deal with CNBC recently.  Here are some of his major calls this year that will still be referred to in 2008:

Here were Cramer’s TOP 9 STOCKS FOR 2007, with a call broken down for each one.  Borat would say HI FIVE on some and NOT SO NICE on others, as would be expected.  Cramer’s 14,582 year-end DJIA target…..Friday’s close was 13,365.87……although we did hit 14,279.96 on OCT11, 2007.  Cramer also gave a batch of price targets on most of theDJIA components:

Cramer’s Stock Picks FOR 5-YEARS OUT:

SOME LISTS: His list of recession proof stocks compared to ours.  We are updating our
Defensive Stocks For The First Half Of 2008" currently.  Cramer gave a huge list of companies he expects to benefit from the alternative energy traders (SGR, FWLT, BWA, OMG, FSLR, FTEK, WFR, TTEK, ZOLT, BP, SPWR, CY, CPST, ITRI)… Jim Cramer pondered which US companies China would want to acquire, about 3 months before sovereign funds started buying into US companies.  Cramer’s mortgage winners and losers…… Here were his MAJOR BULL MARKET STOCK PICKS(MHS, CVS, AGN, CELG, GENZ, CEPH, RIG, HAL, EMR, CAT, CMI, UTX, KO,PEP, CL, GS, SKS, VFC, UNP, CSX, BA), some of which are DJIAcomponents.  Cramer produced a "MUST OWN" list of stocks, many of whichare up significantly and some are down (WHR, BDK, ATI, BGC, HON, ASD, JCI, MDR, FWLT, CAT, TEX, DE, QCOM)

Cramer spent lots of time on International stocks that most US investors might not cover on their own.  He made a big call on Mercadolibre (MELI) (also BIDU, GOOG) with some emphasis on buying immediately, right before it made a huge run up.  Cramer’s Hidden Video Game Investment Perfect World (PWRD, ATVI, ERTS, VIA) was one he said could run more than 50% for 2008.  Cramer made 5 TOP CHINESE PICKS (CEO, CHL, SSW, FMCN, BIDU, GMR).  We’ll see in 2008 if any of his Canadian OIL TRUSTS get acquired in 2008 (BTE, CNE, PGH, PVX, PWE, AAV, GDI).  Cramer also went over his top picks from Europe for American investors (TOT, SI, ABB, PHG, BF)

ON TECHNOLOGY:  Cramer’s NEW HORSEMEN OF TECH…. will the list change in 2008???  Did Cramer Say $1,000.00 on Google, Or Is It $600.00? That was in May 2007.  Cramer Gave Monster Price targets to Baidu.com (BIDU, GOOG).. will these targets change in 2008? Cramer was very positive on all the GPS stocks,although we’d expect that Cramer will change his tune in 2008 now thatthe holiday madness is behind us (GRMN, UA, CROX, NVT, TRMB, SIRF).

Would it be fair not to include the Barron’s attack on Cramer from summer for those of you that criticize his every word?

ON WARREN BUFFETT…. Cramer noted that BROOKFIELD ASSET MANAGEMENT in Canada may be the next Berkshire Hathaway (NYSE:BRK/A) NYSE: BAM). Cramer reviewed 10 Warren Buffett stocks for analysis and then reviewed 10 More Warren Buffett stocks:

Will his buyout of ALCOA (AA) prediction come true in 2008??? Cramer gave a list of stocks that had bought back so much stock that they might be taking themselves private.

Join our free email distribution list for other Cramer calls or for updates we send out regarding IPO’s, spin-offs, restructuring, reorganization, activist investors and more.

Happy New Years from the 247WallSt.com team!

Jon C. Ogg
December 31, 2007

Posted on: December 31, 2007 – 8:01 am in Cramer, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trimble May Knock GPS Stocks (TRMB, GRMN, SIRF, NVT)

Trimble (NASDAQ:TRMB) posted EPS of $0.29 non-GAAP on revenues of $296 million; First Call had estimates at $0.28 EPS on revenues of $299.7 million.  The company posted $0.22 GAAP EPS(on higher tax rates).  Operating income for the third quarter of 2007 was $43.8 million, up 21% from the third quarter of 2006. Operating margins in the third quarter of 2007 were 14.8 percent, compared to 15.5% in the third quarter of 2006 (on amortization costs).

Guidance was issued as well. Trimble expects revenue to grow 26% to 28% compared to the fourth quarter of 2006, with revenue between $295 million and $300 million (estimates are $296 million). Trimble expects fourth quarter 2007 GAAP earnings per share between $0.17 and $0.19 and non-GAAP earnings per share between $0.24 and $0.26 (estimates are $0.25). Its non-GAAP guidance use a 39 percent tax rate, compared to an actual 25 percent tax rate in the fourth quarter of 2006, and assume 126 million shares outstanding.

Unfortunately, Wall Street is expecting more out of GPS stocks now.  Now a decision has to be made to see if the laggard in the sector will carry over to the leaders.  TRMB is trading down 10% at $43.05 in after-hours trading after a 6% gain today.

NAVTEQ (NVT) shares are down but only marginally because of the Nokia buyout.  Shares of Garmin Ltd. (GRMN) are down 1.25% at $119.00 in after-hours trading, although shares closed up 4.6% today.  No trading has been seen in SiRF Tech (NASDAQ:SIRF).

Jon C. Ogg
October 23, 2007

Posted on: October 23, 2007 – 3:54 pm in Earnings, , , ,

Garmin Feeling Immediate Nokia-NAVTEQ Pressure (GRMN, NVT, NOK, TRMB)

We have already covered the Nokia (NYSE:NOK/ADR) buyout of NAVTEQ Corp. (NYSE:NVT).  It is somewhat interesting that NAVTEQ would have allowed itself to be acquired in a no-premium buyout, even if shares are up 200% from the lows over the last 52-weeks.  NVT is trading down almost 2% at $76.50, and it appears that with the market liquidity and deal-making down that Wall Street doesn’t think that a premium buyout is likely.  NVT has a $7.5 Billion market cap.

This is actually punishing shares of Garmin Ltd. (NASDAQ:GRMN) on additional competitive and pricing pressure fears.  Garmin shares are down 12% at $105.00 in early trading.  Garmin is roughly three-times the size of NAVTEQ in size of market cap and it is up roughly 150% from 52-week lows.  This company has been a winner so far, and we expect analysts to come out mixed with some defending shares and some saying Nokia will be tough.

What is interesting is that Nokia is also down over 2.5% at $36.85.  The reason is not likely the dilution as much as the fact that this "could" stress some carrier relationships.  Sure the dilution to the stock will matter, but if Nokia hasn’t anticipated at least some pushback Wall Street would have reason for concern.  Keep in mind that it is a "big IF" because you know they thought this through and through.

We have been reviewing another lesser-known beneficiary of the major growth in GPS systems and in GPS for guidance in cell phones as a potential buyout candidate for the Special Situation Investing Newsletter, although the current position is unclear because of relative values and the valuation of intellectual property as far as the real worth versus the perceived worth.

Trimble Navigation Ltd. (NASDAQ:TRMB) is not seeing any pressure based upon the merger, although arguably it is because that company may be deemed as more protected despite having the lowest market cap and valuations in thr group. But that is another story.

Jon C. Ogg
October 1, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he produces the 24/7 Wall St. Special Situation Investing Newsletter and he does not own securities in the companies he covers.

Posted on: October 1, 2007 – 9:37 am in Mergers and Buy Outs, Satellite, Wireless, , , , ,

Cramer’s Immune Growth Pick In A Crummy Market (GRMN, UA, CROX, NVT, TRMB, SIRF)

On tonight’s MAD MONEY on CNBC, Jim Cramer wanted to look at what actually works in a major credit crunch.  His situation that worked back in 1990 in food, drug, and soft goods work now, but he’s been covering that already.  The other area he likes: HIGH GROWTH.

Garmin (NASDAQ:GRMN) is a phenomenal high-growth story equal to the trends seen in Under Armour (NYSE:UA) and Crocs (NASDAQ:CROX).  Here’s what he likes about it:  It is the leader in global positioning that is trading under its growth rate.  He really liked the beat they gave with earnings last quarter and the raised guidance.  Shares are down 14% because of the market sell-off and it is still above where it was when it reported.  If shares get much weaker he thinks it’s a gift.  He thinks that it is a cheap growth stock that if he uses the highest estimate from Merrill Lynch that this can hit $116.00.

Cramer even brought on Garmin’s CFO for a telephone interview.  The CFO, Kevin Rauckman, said the company was even surprised with the margins.  The pricing pressures they anticipated haven’t yet surfaced.  As far as manufacturing capacity, they bought a third factory in Taiwan so it can keep doing its own manufacturing and is now in great supply-side shape the rest of the year.  Navigation is still strong and they haven’t seen a pinch from the weaking consumer yet. 

Cramer: Will you have enough product for Christmas?   Rauckman, CFO: "Absolutely….."

If you like the navigation sector, here is what we gave for the sector wrap-up when these companies all reported earnings within the same 24-hour period and here was the preview for the group.  NAVTEQ (NYSE:NVT) and Trimble Navigation (NASDAQ:TRMB) are the two other leaders out of the GPS sector, and SiRF Tech (NASDAQ:SIRF) is the one that makes many of the chipsets and software systems for mobile communications GPS systems.

Jon C. Ogg
August 15, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 15, 2007 – 5:36 pm in Cramer, , , , , ,

GPS Stocks Cruising Up Wall Street & Main Street (GRMN, NVT, TRMB, SIRF)

NAVTEQ  Corp. (NYSE:NVT) is seeing its shares trade up over 10% on strong orders that exceeded estimates and guidance that equally exceeded estimates.  This puts shares within striking distance of highs.

Sector leader Garmin Ltd. (NASDAQ:GRMN) shares are trading up 9% pre-market on results that mirrored those of NAVTEQ.  Earnings rose a sharp 74% with EPS coming in at $0.98 versus a $0.74 estimate.The company raised 2007 guidance on EPS to $3.15 EPS or higher, above the $2.90 estimate from First Call.  Shares are trading at new highs pre-market.

The smaller player in the group is Trimble Navigation Ltd. (NASDAQ:TRMB), is seeing shares indicated up over 3% pre-market on a 23% profit rise.  The company sees EPR at $0.26 to $0.28 and revenues of $294 to $299 million, compared to estimates of $0.26 EPS and under $294 million in revenues. Trimble shares are going to be within a few percent of that $35.60 high.

The only loser in the group is the chip maker for GPS systems, SiRF Technology (NASDAQ:SIRF).  It shares were hampered by what may be as little as one large order or a couple orders still pending and not completed, but nonetheless it posted light revenues and that won’t cut it.  Shares are trading down over 8% pre-market.  This drop puts shares only about $3.00 above the $18.20 low seen in the last 52-weeks.

Here was the full earnings preview for the sector yesterday ahead of the earnings onslaught.

Jon C. Ogg
August 1, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 1, 2007 – 8:30 am in Earnings, Transports, , , , , , , ,

Global Positioning Earnings Onslaught (GRMN, NVT, SIRF, TRMB)

It is rare that one sub-sector has all of the key components reporting earnings within the same 24 hour period, but that is the case with the "GPS" or global positioning stocks.  Tonight we have earnings from Timble (TRMB), NAVTEQ (NVT) and SiRF Tech (SIRF).  Tomorrow morning is Garmin (GRMN).  If you are in outside sales, the military, shipping, or do lots of driving then you know the addiction to these.  Particularly since a research analyst just yesterday and Jim Cramer recently called NAVTEQ (NVT) a buyout candidate.  These reports are all after reports that TomTom agreed to Buyout NAVTEQ’s rival TeleAtlas for some $2.6 Billion. Keep in mind that these have experienced significant gains and are all considered hi-beta names.  Here are the earnings previews with some brief notes:

NAVTEQ (NYSE:NVT) reports after today’s close: $0.27 EPS & $180.25M revenues; next quarter $0.26 EPS & $181.4M revenues; Fiscal 2007 $1.33 EPS & $747.8M revenues.  Shares within 10% of recent yearly highs and up over 100% from year lows.  40+ P/E ratio, recently noted as takeover candidate.

Trimble Navigation (NASDAQ:TRMB) reports after today’s close: $0.30 EPS & $311.7M revenues; next quarter $0.26 EPS & $293.4M revenues; Fiscal 20067 $1.12 EPS & $1.19 Billion revenues.  TRMB within 6% of 52-week highs and up over 60% from lows.  Almost $4 Billion market cap and 36+ P/E ratio.

SiRF Tech (NASDAQ:SIRF) reports after today’s close: $0.23 EPS & $71.5M revenues; next quarter $0.28 EPS & $81.4M revenues; Fiscal 2007 $1.06 EPS & $315.5M revenues.  Just recently in new collaboration with Intel pre-market; stock well off of highs because of prior guidance; still massive P/E ratio because of items, but has only a 22.6 forward P/E ratio if it hits estimates.

Garmin Ltd. (NASDAQ:GRMN) reports Wednesday morning before the open: $0.73 EPS & $645.7M revenues; next quarter $0.67 EPS & $601M revenues; Fiscal 2007 $2.90 EPS & $2.62 Billion revenues. Stock already above most analyst targets because of outperformance; shares within 1% of all-time highs (52-week) with an $18.7 Billion market cap; Forward P/E close to 30.

Jon C. Ogg
July 31, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: July 31, 2007 – 11:48 am in Earnings, Technology Companies, Transports, Wireless, , , , , , , , , ,