Wow, Thanks for all the replies. It is a USB gps (BU-353 with the PL-2303 chip to look like a com port. It appears as ttyUSB0. I will try telnet, although I will have to find ot how as I am still very new to the RasPi. I will look at the components mentioned and the info links - lots to do! Thanks for all the advice.
I did try and use the gpsx component, which has a NMEA parser, but that's a disaster under linux - it relies on Sdpo serial component, v0.1.5. The author of this component says it doesn't read ports properly in linux, as I confirmed (it just locks everything up solid!), apart from having some spurious baud rates. The replacement Sdpo, v0.2.0 is no longer a component, so gpsx won't have it!