Monday, February 12, 2007

A profitable year for Trimble

EXECS CASH IN AS SHARES RISE BY 40 PERCENT

By Chris O'Brien
Mercury News

For the past year, Trimble Navigation has been headed in the right the direction. The stock is up. Revenues are up. And so are sales of stock by insiders.

Based in Sunnyvale, the company offers a range of positioning products, such as global positioning systems, or GPS. It's had a steady stream of big announcements in the last few weeks.

Back in December, Trimble announced that it would pay $496 million in cash and stock to acquire Fremont-based @Road, which makes mobile products that track employees in the field. On Jan. 25, Trimble reported that revenue for 2006 was $940.2 million -- up 21 percent from $774.9 million in 2005.

Read more here.

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