another hot stock, garmin, yes, garmin.armin was a company five years ago some said would not even be around today to talk about. but not only is it still here, it is at a near four-year high. herb, say what you want about garmin, this is a heck of a reinvention story. >> it really is. and if you take a look at it, what they've done is they've turned around by they've made acquisitions, focused on what they think is the higher margin part of the business. i will say when i went through the call there's a lot of still changes that are going on here. they talk about the mix of the product. they talk about they're going to be spending more money so the operating margin's going to come in. but, yes, definitely -- >> we can agree that the stand alone gps device, the thing you suck to your windshield, right, that's probably going to go away. that's a buggy whip. that doesn't mean garmin is going away. >> no. they have the fitness business with the watches -- >> that is booming by the way. >> golf course, that's a good margin. the

britain has always been against garmin the rebels. sitting next to hillary clinton, the saudi foreign minister said he was all for it, an excellent idea. >> what do you think about garmin at the syrian opposition. is that an good idea? >> i think it is excellent. >> one thing everyone agrees on, the failure of the outside world to take action to stop the violence is not to do with their own lack of political will but the fault of russia and china, who blocked any u.n. approval and refused to turn up to this conference. >> it is quite distressing to see two prominent members of the security council using their feet to 01 people are being murdered. women, children, a brave young men. houses are being destroyed. this is just despicable and i asked, whose side are they on? >> one small noisy rally in nearly disrupted proceedings. a reminder that there are plenty of people we dodge who don't think that is the worst option for syria. even if they are united in wanting to see the violence stopped, they don't really have a clear idea about ho

. >>> on the upside, garmin jumped 9%.umber of internet giants including google have agreed to reporting a do not track button in most web browsers this year. the move is part of a white house push for congress to pass a privacy bill of rights. a judge has approved 370,000 of bonuses for employees solyndra which received $500,000 in federal loans before going under. >>> jeremy lin may be the hot new york city sensation. lin filed for the phrase last week, but he is apparently fourth in line including a former coach. just lin sane, doesn't get old, does it. >>> the thurds figjeremy lin an knicks do it again. your early morning sports headlines are straight ahead. >>> it appears we are going to go straight from a middle of the spring type forecast back to winter this weekend. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." >>> in sports, what looked more like an extra practice session brought the knicks record back to even. here is fred roggin with

just this year we've seen radical revisions upward from garmin and clean harbor.e think garmin has to be clobbered by the gps in your car, but it extended product lines. a couple of quarters ago, clean harbor has expanded well beyond that business to manage oil and gas sites. both companies like priceline changes stripes and the analysts are too slow to realize the new strategies are paying off. big lift in whirlpool, home appliance maker because the company repeatedly cut guidance in the back so you had a ton of short sellers betting against this one. the serial disappointer they thought would disappoint again. the last thing people would expect was guidance and revision up, which is why it went up 8%. they let us down, by increasing dramatically and it starts a em. >>ic and along comes ralph lauren with flat earnings and it's had a radical revision in guidance and also thanks to the decline in cost. double whammy of increase in guidance and the best boosted forecast. bottom line, you want to catch the next priceline and you're jumping for joy? look for companies

camion need this one right and then on thinks the 90 can't see through and no woman of these and the garminsaid a better color and light their body and owns citgo brawlers the blood and a good 30 minutes left in the hour when sony people the we of anybody in the phone lines appear revocable be living it do we can and the phones are very very busy and narrate to value pay is $27 and is set to and the clank and covers a bum first amethyst press appraised it for this hour 29 in. long 31 in. long for the woman says is one in an 4:04 p.m. notre and as long enough to cover the bomb and it is in is the baum friendly

garmin has found many developments over the last year to be troubling. why did the fcc make a far-reaching decisions without spending time to run its own tests? should an applicant have the burden of demonstrating market readiness? why were objections from the department of transportation and defense ignored? we hope you are asking these same questions too. where do we go now? we believe that the pnt has the right structure, the right stakeholders including a a liaison role and on paper should be effective. however, coordination must be improved. the fcc must on -- obtain sign-off. going forward if pnt believes that the creation of a post of something akin to a national chief gps officer would help inshire that coordination -- insure that coordination, we could support that. we think such an officer should alternately come from the d.s of defense and transportation. in their recent letter to ntia, a draft was proposed for new gps interference standards. in response we simply note that in the last year parts of our government seemed unaware that gps devic

has warned that they might consider garmin the opposition. more army defectors like these. they appear to be joining the opposition. those who backed president assad say that the west is playing a serious game and the syrian government is up against an armed opposition. >> many syrian exiles have fled the escalating violence into neighboring turkey. a senior fellow at the hoover institution just returned from a meeting with a group of them and he joined me earlier from new york. what was your impression of the groups you met in istanbul? >> thank you for having me. what we are seeing in syria on the ground, we can see that homs is like sarajevo. just like sarajevo had to wait for 30 months before the cavalry came in, i think that syrians understand they are in the same predicament. the syrian exiles in istanbul are amazing people. i had a chance to meet with the head of the syrian muslim brotherhood, the national the a spokesman for the syrian national council. they are extremely puzzled by the indifference of the world. they are very puzzled by the passivity of washington.

on things that will perhaps have the desired effect over time through sanctions or some prefer a garmin and opposition. none of these will have a short- term or tactical impact. >> when they pushed for action against libya, they cited in benghazi and people killed in that city. you have people being killed than homs -- in homs, but there will not be action by the international community. >> syria is not quite the pariahs that the deal was under gaddafi. there is a bit of intervention fatigue and the kind of intervention that one would have to imagine in syria is orders of magnitude greater, more risk, more casualties taken. it is harder to design and harder to execute. >> doesn't it suggest that the humanitarian barometer for international intervention is there. when you cite humanitarian reasons, you end up with this very murky decision. >> you can cite humanitarian reasons but every situation will have to stand on its own and the bottom line is that there will be in consistency. outside governments are more likely to intervene when they agree. secondly, when they have other vital inte

without some kind of force, a no-fly zone, or garmin the syrian rebels, what we have seen in the last 24 hours, in the last weeks, will be repeated. we will see things get more protest. -- without some kind of force, a no-fly zone, or arming the rebels. >> on the final day of the trial of hosni mubarak, the judge has announced he will deliver his verdict on june 2nd. hosni mubarak along with other officials is accused of ordering the deaths of protesters. his defense maintains he is still president so he is immune from prosecution. the iran supreme leader has said that his country's nuclear course will not change despite international pressure. a team from the iaea was prevented from visiting an iranian side thought to be connected to the nuclear program. divers working on the costa concordia off the coast of italy found 8 more bodies. italian prosecutors are investigating four more of the ship's officers and three employees of the parent company in regards to the shipwreck. at least 49 people were killed in buenos aires when a commuter train crash when it came into the one of the bus

on things that will perhaps have the desired effect over time through sanctions or some prefer a garmin and opposition. none of these will have a short- term or tactical impact. >> when they pushed for action against libya, they cited in benghazi and people killed in that city. you have people being killed than homs -- in homs, but there will not be action by the international community. >> syria is not quite the pariahs that the deal was under gaddafi. there is a bit of intervention fatigue and the kind of intervention that one would have to imagine in syria is orders of magnitude greater, more risk, more casualties taken. it is harder to design and harder to execute. >> doesn't it suggest that the humanitarian barometer for international intervention is there. when you cite humanitarian reasons, you end up with this very murky decision. >> you can cite humanitarian reasons but every situation will have to stand on its own and the bottom line is that there will be in consistency. outside governments are more likely to intervene when they agree. secondly, when they have other vital inte

garmin, everyone tells, look, i got apple -- >> why do you need a garmin if you have a smartphone. >>s is incredible. i think people have been saying that and why they're short garmin. when you jog, when you use for gps, global positioning on ships, garping is a well-run company. it's confounded is the -- looking good today. >> it's interesting to see the area of strength is automotive and mobile. that was up 3.6% in sales. garmin has created a lot of uses. >> the margins were up, too, this quarter. the stock is about a 3 1/2 year-high. you don't need nothing, but they're breaking out. >> you may not need anything, but a teenager -- >> anthropologyie in the middle. >>> netflix getting crushed yesterday, based on this comcast streaming as much as. >> comcast a parent of this network. basically saying they're gooding to go one better. i thought that was a telling in your face listen, reed hastings, we've got the imperil mousetrap. i think netflix will have to respond. i don't know how they do it. >>> we had an analyst on we hadbush, with a $45 price targets on netflix. >> not on a split

. >>> on the upside, garmin jumped 9%. thanks to higher sales of gps systems last quarter. the number of internet giants including google have agreed to support installing a do not track but. in most web browsers this year. this move is part of a white house push for congress to pass a privacy bill of rights. >>> a dell bankruptcy judge approved $370,000 in bonuses for 20 employees of the now defunct solar panel manufacturer solyndra which received half a billion dollars in federal loans before going under. >>> finally, jeremy lin may be the new york knicks' red hot scoring sensation, but trademarking his catch phrase lin-sanity is no slam dunk. lin filed for the phrase last week, but he's apparently fourth in line for a copyright behind several others, including a former coach. we all knew it was coming, didn't we? >> coming up the lakers edge the mavericks, the thunder fight off a late celtic rally and two games decided in the final seconds, plus speaking of jeremy lin, he and the knicks do it once again. your first look at sports is straight ahead. you're watching "first

fourth-quarter prices blue past smec expected for garmin. surging over 9%. >> we'll take a break and come back with full team coverage of a critical story. the ripple effects from rising tensions with iran. we go to the middle east, to los angeles, and to the pits of the new york merck. >> tune in tomorrow morning for david favor's interview with hp ceo meg whitman. back in a moment. >>> welcome back. bob pisani down on the floor of the new york stock exchange. hewlett-packard after-hours, trading down just a little bit. bottom line beat, top line a little light. it's the guidance that's the problem here. we're looking at 88 cents to 91 cents for the second quarter. analyst estimates substantially above that. better news from boston beer. sam addams the maker of that company. guidance above expectations. this company firing on all cylinders right now. elsewhere, we've seen weakness in the last several days in some key sectors here. in transports, which have been breaking down a little bit, year-to-date. materials has been topping out. that w

i am director of aviation machinist technology garmin. the people of garmin are devoted to building gps devices for millions of users worldwide improving their lives and safety. the gps industry in this country alone accounts for over 130,000 direct jobs. what was once a government only technology is now woven into the fabric of our infrastructure. that did not happen overnight. it's taken two decades and hard work to maturity from the technology into the reliable force for safety and efficiency that we have built together now threatens. today virtually all types of aircraft utilize the gps for navigation approaches. lots of even a fraction of the gps reliability would pose significant danger to the aviation safety. a theory as i am particularly worrisome. the gps while on the approach would unsafely increase the pilot workload in this phase of life. the gps would deny coverage of their parts like in the ground-based navigation. without gps the system wouldn't work. gps means the situational awareness for the displays of trafficking and w

garmin's q-4 guidance jumped. that stock very up. something about that company was dead with gps and re-invented themselves. q-2 profits up 62% and nabors up 5.5%. drilling in the lower 48 better than alaska and canada. and nuclear exploration big earnings missed and two downgrades followed that. it's down 12%. investors hitting control, alt delete on dell today. outlook disappointing. and sales of the cheesecake factory were up but the stock selling on a cautious outlook. they are down almost 7%. let's get to the trading floor. start with bob pisani from the floor of the nyse. welcome back, bob. >> thank you very much, brian. slouching towards a greek deal not really impressing a lot of traders. in the last two days three of two declining to advancing stocks. look at sector leaders. wherever you get a day you're barely positive in energy and your leadership group are utilities and healthcare and your laggards are technology and financial, that's what the market is looking for, direction. energy is the strong point. we've seen the sp

you called our attention to garmin yesterday the movement in the stock speaks for itself. >> it does.had an analyst from avondale who upgraded. i looked through the numbers and the earnings report. there's a lot of acquisitions going on here. you really want to start digging through the quality of the earnings here. these guys have not died. they're pulling themselves back, they have a good dividend yield. but you still want to really, you know, just pay attention to the depth of the story. i certainly will going forward. >> herb, we'll see you at 2:00. oil trading near a nine-month high, as the momentum in stocks has slowed down. what are the charts saying? let's welcome michael harris, director of trading at campbell and company the oldest continuously operated commodity pool in the country. michael well camp back. >> thanks for having me. >> i mean it's the talk, everywhere, obviously, where we are in oil today we topped $106 before pulling back slightly. what's your best guess on where we go from here and where iran figures into the discussion? >> well i think in the short term th

we talk about one is garmin. which was reporting 85 cents, which is way above expectations.you can see that's going to trade at a new fresh -- >> this was a company that was left for dead. >> it was. revenue is $909 million. versus an estimate of $761. >> it doesn't say -- i mean in terms of the breakdown, in terms of from the actual device's hardware and how much software. so much of their business has moved to the iphone. people buying the app as opposed to these devices themselves. >> the guidance was better for the fiscal year, 245 to 260, 249 was estimate, revenue goes up, 27 to 28. a dollar tree reported fourth quarter net of $1.60. two cents above expectations on better-than-expected revenue. just slightly better than expected. the guidance is in line. maybe a little bit lower. first quarter guidance, 91 to 9 7, versus 98-cent guidance. >>> dell we've been talking profits were a penny short of 51 cents a share. some people talked about the guidance for the current quarter a little bit downbeat. downgraded to neutral from buy at citigroup. the target price was cut, tha

garmin has met tom and me to be troubling. why did the fcc have a far-reaching decision but that cannot in its own testers any time to evaluate garmin's past. should an applicant have to demonstrate american readiness? by what objections from the department of transportation be ignored? we hope you are asking the same questions, too. where do we go now? we believe the pnt has the right structure, rates stakeholders and putting a liaison role to the sec on paper should be a second. however, coordination mess he improved. the fcc much sign off on proposals before a potentially interferes and customers have come to expect. going forward, the pnt believes creation of opposed something akin to a national chief eps up a third help ensure the coordination. we think such an officer's alternative would come from department of defense, transportation. in a recent letter to ntia, excom proposed a draft that new teacher bs. in response to simply note them in the last year, our government seem not aware of that and only certified aviation

the 9200 people at garmin are dedicated to developing devices for million of users worldwide for improving their lives and safety. it accounts for over 30,000 direct jobs. what was once a government only technology is now fully woven into the fabric of our infrastructure. that did not happen overnight. it has taken two decades of hard work to mature it from a fledging technology into a reliable force for safety and efficiency. yet, unbelievably, what we built together is now threatened. today, virtually all types of aircraft utilize gps for navigation and approaches. a loss of a fraction of gps reliability poses significant danger to aviation safety. four areas are particularly worry -- worrisome. loss of gps would deny coverage at hundreds of airports and helaports lacking knave gages aids. without these, the warning systems would not work. loss of gps means a loss of situational awareness for cockpit displays, weather information, including on the ground to prevent run way incursions. reliable gps is essential for the faa's proposed next gen system. we can sum up the last year in four wo

foley director, aviation gnns technology of garmin e.t., inc. and dr.scott case who's the director of space policy -- the space policy elliott school of affairs, george washington university. i think -- all of you for making the time to be with us today on this very -- somewhat technical to a layman but very important subject for sectors of our economy and our safety and competitiveness as a country. and we'll begin with -- we'll begin with captain cassidy waiting for mr. hendricks. >> it's still morning, good morning, mr. chairman. and members of the subcommittee. i'm captain shaun cassidy, first vice president of the airline pilots association international and i represent more than 53,000 professional pilots based in the united states and canada. it is an honor to appear before the subcommittee to underscore the tremendous contribution that the satellite-based navigation system makes to ensuring efficient and safe operations in the united states and around the globe. given the vital importance of the global positioning system as a key component of th