May 03, 2004
Special GITA 27 Annual Conference Report
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For the quarter, Intergraph reported revenue of $133.0 million, operating income of $8.2 million and net income of $136.0 million. Net income was $3.59 per share (diluted) and includes $203.1 million pre-tax intellectual property income, net of all fees and expenses, primarily from the March settlement with Intel.
The Company reported restructuring charges of $4.0 million in Q4 2003 and $0.8 million in Q1 2004. The Company believes a separate disclosure of the restructuring expenses for each business unit and in total gives a more comparative view of the current and prior quarterly results of operations and is therefore important information to the readers of this press release in evaluating and understanding the Company's results of operations.
Garmin Ltd. announced record revenue for its first fiscal quarter ended March 27, 2004. Revenue for the quarter increased 28 percent to $158.3 million from $123.8 million in the year-ago quarter. Net income was $34.7 million, or $0.32 diluted earnings per share, compared to $41.5 million or $0.38 diluted earnings per share in the year-ago quarter. First quarter net income included a $7.6 million foreign currency loss as a result of a weaker U.S. dollar compared to the Taiwan dollar. Excluding the effects of foreign currency, diluted EPS for the quarter was $0.37 compared to $0.39 in the year-ago quarter, meeting the high end of management's guidance of $0.35 to $0.37.
Trimble announced results for its first fiscal quarter ended April 2, 2004. The Company reported first quarter revenues of approximately $156.5 million, versus approximately $127.3 million in the first quarter of 2003.
GAAP net income and EPS for the first quarter of 2004 were approximately $12.8 million and $0.24, respectively, versus $5.4 million and $0.12 in the first quarter of 2003. Non-GAAP net income and EPS for the first quarter of 2004 were $14.7 million and $0.27, respectively, versus $7.5 million and $0.17 in the first quarter of 2003. The effective tax rate for GAAP and non-GAAP EPS for the quarter was 15 percent versus guidance of 12 percent. GAAP and non-GAAP EPS for the first quarter of 2004 were calculated on a diluted basis using approximately 54.2 million shares. All per share numbers and total share count have been adjusted for a 3-for-2 stock split that took effect on March 5, 2004.
Magellan(R) RoadMate(TM) 500 Plus from Thales Navigation offers twice the memory provided by competitors' products. More memory for more maps. The Magellan RoadMate 500 Plus includes a 256-megabyte compact flash card for storing volumes of user-selected maps from supplied mapping software, in addition to a large, high-resolution, color touch screen, turn- by-turn, voice-prompted guidance and text directions, and a windshield mount. The Magellan RoadMate 500 Plus provides enhanced functionality and is designed for consumers who travel over large regions, such as several bordering states, in the United States and Canada (MSRP $999).
Thales Navigation also announces a variety of optional accessories for the entire Magellan RoadMate family, including protective pouches, carrying cases, exchangeable faceplates, AC adapters, and an array of mounting options, including a swivel mount. All Magellan RoadMate accessories are available at
Navman, a designer and manufacturer of world-class global positioning systems (GPS), communication and marine products, announced the latest addition to its innovative line of GPS products for the consumer electronics market, the Navman GPS 4410. Designed for use with Bluetooth(TM)-enabled Pocket PCs, this upgraded version of Navman's GPS 4400 leverages the power of the advanced navigation software and the latest in wireless technology. Additionally, Navman has released a GPS 4100 hardware-only solution for consumers looking to use other navigation software with Navman's Bluetooth technology.
Vancouver, British Columbia based IDELIX(R) Software Inc. released a Java version of the Pliable Display Technology (PDT) Software Development Kit (SDK). The PDT Java SDK offers the same functionalities as its C++ counterpart and enables customers to integrate PDT into Java stand-alone and web-based applications.
Red Hen Systems, Inc., announced the release of a significantly enhanced version of MediaMapper(R). MediaMapper version 5.1 shortens the time to produced mapped video imagery over other competitive solutions by a factor of 10 and dramatically increases ease-of-use.
TensingSKS announced that Red Planet Consulting Inc. of Boulder, Colo., has used SPY technology to develop FieldStorm, a truck-mounted wireless field solution for electric utilities. This SPY-enabled solution allows GE Network Solutions (GENS) Smallworld PowerOn users to immediately access outage data in the field. FieldStorm will increase the productivity of electric utility trouble crews by improving restoration times, reducing Customer Minutes Interrupted (CMI), and cutting operational costs.
Maptuit® Corporation, and SmartRoute Systems, announce the availability of RealTraffic. Together, Maptuit and SmartRoute Systems deliver RealTraffic as a web-based service that offers personalized traffic information and alerts to ease the driving experience for commuters, travelers, and professional drivers. RealTraffic already boasts a strong customer base that includes State DOTs and media portals.
Around the Web...
GPS User, a web-based publication for people who use GPS technology in their work.
Date: May 4 - 6, 2004
Place: Sao Paulo, Brazil
GEOBrazil 2004 is the most important and most valuable geospatial solutions event in Latin America. Because it is tuned into the Latin American geospatial marketplace, it is the optimal venue for the thousands of geoinformation users throughout Latin America to discover the best geotechnology solutions available. GEOBrazil 2004 attendees will also be able to participate in three other concurrent geospatial events: ExpoGPS, GEO Oil & Gas (sponsored by PetroBras); and GEOIntelligence 2004 (sponsored by GITA Brasil).
Date: May 4 - 6, 2004
Place: Sao Paulo, Brazil
ExpoGPS will showcase the latest trends and tools for global positioning systems. Solutions for GPS business applications, location-based services, monitoring applications, land titling and registration needs, engineering, geodesy, topography, cartography and geology, will all be covered at this unique event. ExpoGPS attendees will also be able to participate in three other concurrent geospatial events: GEOBrazil 2004, GEO Oil & Gas (sponsored by PetroBras); and GEOIntelligence 2004 (sponsored by GITA Brasil).
Date: May 5 - 7, 2004
Place: Baltimore, MD USA
Land Development 2004 is the first major conference and exhibition dedicated to the land development industry - ranging from developers through regulatory agencies, surveyors and engineers, landscape architects, and construction contractors.
Date: May 6, 2004
Place: Baltimore Convention Center Baltimore, MD USA
Whether you are a power user, developer, manager or are new to using MapInfo, MapWorld 2004 is the place to be.
Date: May 6 - 7, 2004
Place: Surrey, British Columbia, Canada
Join our two-day (1/3 lecture, 2/3 exercise and problem solving) course and learn to unlock the powerful features of FME to more effectively manage your data translation and data transformation challenges. FME Training can help open up a whole new world of possibilities for you. Questions are encouraged throughout the class and attendees are encouraged to bring their own sample data files.
Date: May 6 - 7, 2004
Place: Surrey, Canada
Join our two-day (1/3 lecture, 2/3 exercise and problem solving) course and learn to unlock the powerful features of FME to more effectively manage your data translation and data transformation challenges. FME Training can help open up a whole new world of possibilities for you. Questions are encouraged throughout the class and attendees are welcome to bring their own sample data files.
Date: May 11 - 12, 2004
Place: Harrisburg Hilton and Whitaker Center Harrisburg, PA USA
website or contact Brady Stroh, Conference Coordinator, at (717) 948-6428 or
You can find the full GISCafe event calendar here.
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