Special Announcement
Newsletter Sign Up
Calendar
Top Referers
myteams.dot.ga.gov (88)
planetgs.com (75)
www.thegisforum.com (72)
www.spatialsciences.org.au (32)
manomano.livejournal.com (28)
planetgs.com (75)
www.thegisforum.com (72)
www.spatialsciences.org.au (32)
manomano.livejournal.com (28)
Our Points
|
Tuesday, May 12. 2009
|
GeoEye Q1 Revenues Up But Market Reacts to Possible Satellite Glitch
GeoEye (GEOY) held their Q1 analyst call today and indicated that with GeoEye-1 now up and running that its revenues increased 26% year over year. CEO Matt O'Connell indicated that they were not able reach their full run rate of imagery during the quarter because of the ramp up time after the satellite was certified by NGA. The market had been reacting favorably to GeoEye's stock leading up to today's call sending the company up 55% since it traded at $18/share in mid-March. But shares were down sharply at mid-day today on the news of a possible issue with imagery collection (GeoEye ended the trading day down 13%). According to Bill Schuster, the company's COO:
Last week, we discovered a potential issue with some of GeoEye-1's imagery collections. The satellite has different collection profiles. Our investigation team, including our camera provider, ITT, has determined that the issue is only present in one profile but not in the others. In a collection that is affected by the issue, a small part of the image lacks color, but the black and white is unaffected. The issue doesn't affect resolution or accuracy. It's too early in our review to determine what the cause for this issue is, or the specific remedies which might apply. There's little or no impact to collections for our Service Level Agreement with NGA. We're still analyzing whether there may be some impact on our ability to satisfy selected needs of our other customers.
O'Connell also acknowledged the initial public offering by its competitor, DigitalGlobe, that will begin trading on the NYSE on May 14 saying, "We're pleased that our competitor, DigitalGlobe, is doing their Initial Public Offering. Their IPO will increase the attention the investing community pays to the entire geospatial industry. We need our industry to have more investor attention, more financial analyst attention and more media attention. And we know that customers like the increased transparency that comes with public companies."
Trackbacks
Trackback specific URI for this entry
No Trackbacks
Advertisers
Polls
What's your opinion of the quality of Google's "new" U.S. dataset?
Archives
Archives
Comments
Andrew Turner about Apps.gov Prices for Google API: Nearly $1million
November 23
Make sure and check the terms of these [...]
Briantist about Seen During Geography Awareness Week IV
November 21
Perhaps there should be an on-screen [...]
SMR about Seen During Geography Awareness Week IV
November 20
This is very funny. Google Earth has [...]
Claudio Schapsis about Twitter Geo API Available
November 20
Location on Twitter is not new. There [...]
Kirk Kuykendall about Why I got an e-mail from Wolfram Research
November 19
It's also worth watching Wolfram Alpha. [...]
Adena Schutzberg about Why I got an e-mail from Wolfram Research
November 19
You are correct! [...]
Archie Belaney about Update 5: AT&T Sues Verizon over "Map for That" Map Ads
November 19
If you're advertising 3g coverage is [...]
November 23
Make sure and check the terms of these [...]
Briantist about Seen During Geography Awareness Week IV
November 21
Perhaps there should be an on-screen [...]
SMR about Seen During Geography Awareness Week IV
November 20
This is very funny. Google Earth has [...]
Claudio Schapsis about Twitter Geo API Available
November 20
Location on Twitter is not new. There [...]
Kirk Kuykendall about Why I got an e-mail from Wolfram Research
November 19
It's also worth watching Wolfram Alpha. [...]
Adena Schutzberg about Why I got an e-mail from Wolfram Research
November 19
You are correct! [...]
Archie Belaney about Update 5: AT&T Sues Verizon over "Map for That" Map Ads
November 19
If you're advertising 3g coverage is [...]




