Trimble Reports Second Quarter 2009 Revenue of $290.1 Million and Non-GAAP Earnings Per Share of $0.31

                                    TRIMBLE
                   CONDENSED CONSOLIDATED BALANCE SHEETS
                               (In thousands)
                                (Unaudited)


                                                     Jul-3,       Jan-2,
                                                      2009        2009
                                                      ----        ----
    Assets

    Current assets:
       Cash and cash equivalents                    $190,154   $147,531
       Accounts receivables, net                     199,928    204,269
       Other receivables                               9,747     17,540
       Inventories, net                              168,272    160,893
       Deferred income taxes                          36,358     41,810
       Other current assets                           18,392     16,404
                                                      ------     ------
          Total current assets                       622,851    588,447

    Property and equipment, net                       48,905     50,175
    Goodwill                                         746,159    715,571
    Other purchased intangible assets, net           223,682    228,901
    Other non-current assets                          49,446     51,922
                                                      ------     ------

          Total assets                            $1,691,043 $1,635,016
                                                  ========== ==========

    Liabilities

    Current liabilities:
       Current portion of long-term debt                 $48       $124
       Accounts payable                               55,596     49,611
       Accrued compensation and benefits              45,196     41,291
       Deferred revenue                               68,603     55,241
       Accrued warranty expense                       14,161     13,332
       Other accrued liabilities                      39,160     63,719
                                                      ------     ------
          Total current liabilities                  222,764    223,318

    Non-current portion of long-term debt            151,460    151,464
    Non-current deferred revenue                       9,145     12,418
    Deferred income taxes                             36,453     42,207
    Other non-current liabilities                     63,877     61,553
                                                      ------     ------
          Total liabilities                          483,699       490,960
                                                                                                          -------        -------

        Commitments  and  contingencies

        Equity

        Shareholders'  equity:
              Common  stock                                                                    699,790        684,831
              Retained  earnings                                                          466,243        427,921
              Accumulated  other  comprehensive  income                  36,934          27,649
                                                                                                            ------          ------
        Total  Trimble  Navigation  Ltd.  shareholders'
          equity                                                                                1,202,967    1,140,401
        Noncontrolling  interests                                                      4,377            3,655
                                                                                                              -----            -----
                    Total  equity                                                          1,207,344    1,144,056

                    Total  liabilities  and  equity                        $1,691,043  $1,635,016
                                                                                                    ==========  ==========

 


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