Maybe it's the fact that they've abandoned using the term GIS or geospatial or maybe it's the malaise in the global economic building slowdown but the company has taken an enormous hit in the stock market. The stock is off nearly 50% of its value since hitting a 52-week high of $46.26 per share back in May. Last Friday, the company reported earnings of $546 million beating analysts expectations of $540 million. Cash flow was up $20 million over Q2 2010!
Perhaps they should've never abandoned GIS?! GIS is hot; civil engineering is ... not. I'm being facetious, of course, but what made the market turn ugly on ADSK? Financially, the company is stable and putting money in the bank. Quarterly earnings are strong as are earnings per share.
The market has a strange way of anticipating bad news. Perhaps the market anticipates that the global economy will hit the brakes again and building, hence technology that supports building design, will take a breather.
As a geospatial technology publication we don't hear much from Autodesk these days. GIS is a four-letter word to ADSK. I simply don't get it given that such a huge number of AutoCAD users are mapping professionals. Actually, you can still find mention of AutoCAD Map products but you have to dig deep.
by Joe Francica on 08/22 at 04:58 PM |
The same company being touted as China's Apple. Beijing-based Uni-Strong Science & Technology Co Ltd. And, no I've not heard of it either.
UniStrong's geographic information system (GIS) services has about 40 percent of the marketshare in China, said an Orient Securities Company Ltd report. The company's automobile navigation products, known as the renwoyou series, are the best-selling brands in the country,according to an Economic Observer report on Aug 5.
It's China Position navgiation service launched on July 28 and the company plans to use the Chinese GNSS Beidou to support future products based on an "app model" like Apples.
- China Daily
by Adena Schutzberg on 08/22 at 03:08 AM |
A South Korean Economic Cooperation Development Fund loan of $15 million will be used to set up a GIS in Uzbekistan. It's part of $155 million package of development loans.
- Central Asia Newswire
GOVERNMENT has developed a Web-Based Spatial data infrastructure system embedded in the Zambia Preparedness and Response Information Management System (ZAPRIS) aimed at enhancing early detection of natural disasters in the country.
There's also work on a risk hazard map (natural and manmade disasters.
- The Times of Zambia
HUBLI: Samaj Parivartana Samudaya (SPS) has urged the Supreme Court appointed Central Empowered Committee (CEC) to use GPS (global positioning system) to mark maps pertaining to mining leases and the extent of encroachments by mining firms in Bellary district in order to make it a perfect document.
The original document was made using a total station; the argument is that GPS would be more accurate.
- Times of India
by Adena Schutzberg on 08/22 at 03:06 AM |
Computerworld NZ offers up a great "leasson learned" article with some insight from Chirstchurch City Council IT manager Gavin Till around this year's two earthquakes. Among other quotes, he notes: “The problem was the sheer volume we had to deal with.”
- Computerworld NZ
Hume Council, Australia is working to manage the rabbit population in Sunbury. The plan: map rabbit warrens on a GIS, try different techniquest to limit populations, then check back to see if the effort was successful.
- Subury Leader
Upper West Side [New York] City Councilwoman Gale Brewer wants to use GPS to keep tabs on food trucks, which she says are invading residential areas and driving locals crazy with noise, fumes, and trash.
Her vision: a real time tracking system so that only a limited number of trucks can be in any neighborhood at one time. She also has ideas about making the trucks quieter and greener.
City workers in Houston suggested that they've been fixing water main breaks in wealthier neighborhoods. So...
Mayor Annise Parker's office released this map [[pdf] to show exactly where the city's 4,327 broken water mains have been repaired from June 1st until this week.
- Houston Examiner
by Adena Schutzberg on 08/22 at 03:00 AM |