EXHIBIT 99.1

     Trimble to Acquire TracerNet to Expand Fleet Management Market Presence

     ORLANDO,  Fla., Feb. 17, 2004 - Trimble (NASDAQ:TRMB)  announced today that
it has agreed to acquire  privately-held  TracerNet  Corporation  of  Chantilly,
Virginia,  a provider of wireless  fleet  management  solutions,  in an all cash
transaction.   Terms  were  not  disclosed.   Completion  of  the   transaction,
anticipated in March, is subject to the usual and customary closing conditions.

     As  part of the  acquisition,  TracerNet  and  Trimble's  Mobile  Solutions
Division  will  be  consolidated  under  a  new  legal  entity,  Trimble  Mobile
Solutions, Inc., which will operate as a wholly owned subsidiary of Trimble.

     "With this acquisition, we will focus on integrating the best features from
each  company to offer more diverse and complete  fleet  management  solutions,"
said Steven W.  Berglund,  president and CEO of Trimble.  "TracerNet's  strength
lies in its  ability  to deeply  integrate  fleet  information  with  enterprise
software  applications,  and Trimble intends to leverage this competency  beyond
construction  to allow us to serve large  enterprise  fleets.  This  combination
shows our  commitment  to the fleet  management  market and it allows us to more
quickly build scale as we head towards profitability in this segment."

     The  announcement  was made today at the World of Concrete,  the industry's
largest annual commercial construction show.

Trimble Mobile Solutions Division

     Trimble's  Mobile Solutions  Division offers complete  solutions for mobile
resource  management  (MRM),  which  include   location-aware   mobile  devices,
software,  wireless  communications and Internet  location-based  services.  The
division  focuses on  advanced  wireless  applications  for fleet and  workforce
management,  including  construction,  waste management,  service,  utility, and
enterprise vehicles.

About Trimble

     Trimble  is  a  leading  innovator  of  Global   Positioning  System  (GPS)
technology.  In addition to providing advanced GPS components,  Trimble augments
GPS with other positioning  technologies as well as wireless  communications and
software to create complete customer solutions. Trimble's worldwide presence and
unique  capabilities  position  the Company for growth in emerging  applications
including surveying,  automobile navigation,  machine guidance,  asset tracking,
wireless platforms, and telecommunications  infrastructure.  Founded in 1978 and
headquartered  in Sunnyvale,  Calif.,  Trimble has more than 2,000  employees in
more than 20 countries worldwide.

     For an interactive  look at company news and products,  visit Trimble's Web
site at http://www.trimble.com.

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     Certain   statements  made  in  this  press  release  are  forward  looking
statements  within the meaning of Section 27A of the  Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, and are made pursuant to the
safe harbor  provisions of the Securities  Litigation  Reform Act of 1995.  This
press release contains forward-looking statements that include the timing of the
TracerNet  acquisition,  as well as Trimble's strategic and operational plans to
integrate the two companies operations and market new product offerings.  Actual
results  may differ  from those set forth in this press  release  due to certain
risks and  uncertainties,  including the ability to achieve market acceptance of
product  offerings from the  acquisition and the risks inherent in acquiring and
integrating a company,  unanticipated  expenditures  and changing  relationships
with customers.  Among other things,  economic trends and additional competitive
issues may have an adverse  effect on the success of the  proposed  acquisition.
These and other risks are detailed  from time to time in reports  filed with the
SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on
Form 10-K. The  consummation  of the  acquisition is subject to certain  closing
conditions and it may not be consummated on the terms proposed or at all.