My GPS minimod (GPS-08416) is giving invalid latitude and longitude values in hyper terminal. Please tell me how to fix it? 
I have the same problem.
I get the GGA data:
$GPGGA,195348.001,4003.8879,N,10512.5911,W,0,00,0.0,1555.75,M,*1B
… i think this might be the default data - do you get the same?
$GPGGA,060110.99,1257.5830,N,07738.7655,E,1,10,00.9,00921.0,M,-088.4,M,*44 this is the correct data
Ya… Almost Im getting the same data.
$GPGGA,210234.218,4003.8884,N,10512.5843,W,0,00,0.0,1553.11,M,*15
But this is not the correct data. My actual Position is 13.083333,N,80.283333,E
Yea, i think its the position of the SparkFun HQ.
BUT - i actuelly got it to work, sending me my correct location info. I had to go outside, on a cloudless day. It does not seem work at all indoors.