It will have .49 stamped on the rear but the front is measured in the same way as well. Which if i remember on the T25, is in fact .48. I only know that there measured in that way, not sure how or why i haven't thought that much into it to be honest.
Garrett is short for Garrett AiResearch, i think they started out making turbochargers for aerospace applications.
More information can probably be found in Wikipedia no doubt.