What to Do With @Road

Article Excerpt

TRIMBLE NAVIGATION $55 (Nasdaq symbol TRMB; SI Rating: Speculative) (408- 481-6914; www.trimble.com; Shares outstanding: 55.7 million; Market cap: $3.1 billion) is acquiring @ROAD $7.35 (Nasdaq symbol ARDI; SI Rating: Speculative) (510-668-1638; www.atroad.com; Shares outstanding: 62.2 million; Market cap: $457.3 million) for $7.50 a share, for a total of $496 million. Both stocks are recommendations of Stock Pickers Digest. @Road shareholders will receive $5 per share in cash, and the remaining $2.50 per share in a mixture of cash and/or stock, in a ratio yet to be determined by Trimble. @Road develops GPS products for managing mobile work forces. Trimble makes GPS devices and technology for four main markets: Engineering & construction (68% of sales), Agriculture GPS products (15%), GPS Components (11%) and products for mobile workforces (6% of sales). Trimble is still a buy for aggressive investors. Since the upside for @Road is fixed, but the downside risk is open, it’s now a sell. sell…