Stock tracker

GPS World, Dec, 2004

These five GPS "pure play" enterprises all recorded banner third quarters.

CSI Wireless increased Q3 revenues 53 percent to CDN $23.2 million (US $17.5 million), with record gross margins of CDN $7.3 million, up 51-percent.

Garmin Ltd. Q3 revenue rose to $193.6 million, up 43 percent from 2003; net income climbed 90 percent to $67.1 million.

NovAtel reported Q3 revenue up 26.6 percent to CDN $13.8 million (US $10.4 million), with a 70-percent surge in Q3 net income to CDN $2.9 million.

SiRF Technology posted quarterly revenue of $31 million. A 42-percent jump in sales spurred an 85-percent rise in net income to $5 million.

Trimble Navigation reported Q3 revenue of $170.2 million, up 22 percent from last year, and an 80-percent jump in GAAP net income to $17.9 million.

                                           OCT 15, 2004  NOV 15, 2004
COMPANY              STOCK MARKET  SYMBOL  ADJ. CLOSE    ADJ. CLOSE

CSI WIRELESS INC.    TORONTO S.E.  CSY.TO   $2.94         $3.04
GARMIN LTD.          NASDAQ        GRMN    $46.35        $53.95
NOVATEL INC.         NASDAQ        NGPS    $12.83        $18.89
SIRF TECHNOLOGY      NASDAQ        SIRF    $13.22        $13.06
TRIMBLE NAVIGATION.  NASDAQ        TRMB    $29.91        $31.52

                     GAIN/LOSS   GAIN/LOSS
COMPANY              IN $ VALUE  AS % VALUE

CSI WIRELESS INC.     $0.10       3.4%
GARMIN LTD.           $7.60      16.4%
NOVATEL INC.          $6.06      47.23%
SIRF TECHNOLOGY      ($0.16)     (1.21%)
TRIMBLE NAVIGATION.   $1.61       5.3%

                             OCT 15, 2004  NOV 15, 2004  GAIN/LOSS
INDEX                SYMBOL  ADJ. CLOSED   ADJ. CLOSE    AS % VALUE

DOW JONES IND. AVG.  DJI     9,933.38      10,550.24     6.21%
NASDAQ COMPOSITE     IXIC    1,911.50       2,094.09     9.55%
S & P 500            GSPC    1,108.20       1,183.81     6.82%
S & P TSX COMPOSITE  GSPTSE  8,788.90       8,937.20     1.69%

Note: GPS World's STOCK TRACKER is designed to detail general trends in
the GPS community and key capital markets. The five companies listed
here are publicly traded and represent GPS "pure play" enterprises that
derive most of their income from GPS-related products. For up-to-the
minute stock valuations as well as historical trends for each of these
companies, visit http//:finance.yahoo.com. For recent financial
statements from these publicly held companies, please visit their
respective web sites: www.csi-wireless.com, www.garmin.com,
www.novatel.com, www.sirf.com, and www.trimble.com.