Showing posts with label TRMB. Show all posts
Showing posts with label TRMB. Show all posts

Sunday, July 27, 2008

Precision Ag Update

Hat tip to Daniel Wahl ("Quick Notes") for noting Trimble Navigation's (Nasdaq: TRMB) earnings release last week. Trimble has a division that competes with Hemisphere GPS (HEM.TO) in the precision ag space. Daniel quoted this excerpt from Trimble's conference call:

"Second quarter 2008 Field Solutions revenue was $90.1 million, up approximately 63 percent compared to revenue of $55.3 million in the second quarter of 2007. Revenue growth was driven primarily by strong demand for agricultural products."


Daniel sees this as bullish for Hemisphere, and I agree. This space seems big enough for more than one firm to do well.

Hemisphere's 2Q conference call is scheduled for Tuesday morning.