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Tuesday, July 26, 2011

GeoEye's (GEOY) stock has jumped 17% at midday. Not much on Twitter or other news sources as there is only speculation about the company being a likely takeover target. According to StreetInsider who cited DealReporter, the company has hired Goldman Sachs. Possible bidders include BAE, Northrop, Raytheon and Harris, the usual cadre of defense contractors. And "The Fool.com" believes you shouldn't "read too much into the rumor."  But they do think that GeoEye may be an inexpensive investment at this point due to the fact that the satellite business has a high barrier to entry and their forward P/E looks inviting. As the defense business slumps due to Pentagon budget cuts, these contractors might be looking for a company with a long-term govenment data contract already locked down.

by Joe Francica on 07/26 at 10:30 AM | Comments | Bookmark and Share

India

In Chandigrarh, the utility administration is setting up a GIS with a primary goal of tracking and getting payment from those who steal electricity. Before getting a new hookup, new users would need to clear previous payments.

- Times of India

Italy

Alongside the pizza makers and syrupy folk singers, unlicensed parking attendants — well-known in Italian as parcheggiatori abusivi — are traditional Naples characters central to the city's folklore.

And now their old — albeit illegal — pavement-pounding profession is going high-tech: a Google Maps page is providing all the relevant information about Naples' 150 or so unlicensed parking areas, from availability to expected fees.

What's interesting is that the maps probably will not help the local police get the folks running the lots to stop. They can only prosecute when a driver makes a complaint and it sounds like that doesn't happen since the service is appreciated!

 

- Time

 

Qatar

The Qatar Statistics Authority (QSA) is preparing a digital atlas of Qatar using latest software and technology which will benefit various sectors of the society.

It's GIS based and built on the 2010 Population and Housing Census of Qatar and is expected to be used for decision making across the county.

- The Pennisula Quatar

by Adena Schutzberg on 07/26 at 02:45 AM | Comments | Bookmark and Share
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