Tuesday, September 1. 2009

Podcast: OGC Gets into Real Estate, DigitalGlobe Readies Bird for Daily Revisits

Our editors ask: Why is the Open Geospatial Consortium hooking up with the Open Standards Consortium for Real Estate and what should potential users of DigitalGlobe's Worldview-2 satellite data be pondering before its launch planned for October?

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Tuesday, August 11. 2009

DoD Wants More Imagery; GeoEye and DigitalGlobe Announce Quarterly Earnings

On Monday quite a bit happened in the satellite remote sensing arena:

The National Geospatial-Intelligence Agency (NGA) issued a statement of requirements to get industry input and guide its own strategic planning process for imagery needed in the future. While the document is classified analysts and executives suggest a request for proposals later this year which could mean a few billion dollars in revenues for DigitalGlobe Inc and/or GeoEye in the coming years.

DigitalGlobe announced second quarter net income of $8.4 million (19 cents a share) down from $11.6 million (26 cents a share) last year. The forecast for the full year is expected below Wall Street expectations. The second quarter included a $7.7 million pre-tax charge for DigitalGlobe paying off debt early and was the first the company reported as a public company.

GeoEye had a surprisingly good second quarter. Net income for the second quarter was $9.6 million (46 cents per fully diluted share) up from net loss of $558,000 (3 cents per fully diluted share) last year. GeoEye said it would not plan for GeoEye-2 until the government stated its needs and funding plans.

- Reuters
- DigitalGlobe PR
- GeoEye PR

Thursday, May 14. 2009

DigitalGlobe's First Day Trading: Up 13%

The company set shares at $19 yesterday and sold 14.7 million shares in a highly subscribed IPO to raise $279.3 million. Today, shares closed up 13% at $21.50. Prices had been up as much as 24% from the offer price.

- Reuters

Oracle, DigitalGlobe To Offer Imagery Service

Update: (Adena here) For those who note a PR on this topic from 2007, Joe assured me it's something different. I sent him that very link!

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After the IPO this morning of DigitalGlobe (DGI), news was available that the company will offer an imagery service with the next release of Oracle Spatial similar to the service that Oracle has with NAVTEQ. Users will be able to injest imagery data into Oracle Spatial and a 60-day trial license made available to try data. More details later.

Should DigitalGlobe IPO Change thinking on GeoEye?

Somes say yes. Rich Smith of Motley Fool compares the two companies and says "no." Nice tables compare 2008 and 2009 revenues.

The IPO launched today at $19 above initial expected range of $16-$18 and raised $279.3m, more than expected. The stock begins trading today.

- Reuters
- Bloomberg

Thursday, April 30. 2009

Update: DigitalGlobe Sets Share Prices for IPO

Update: Reuters cites a mid-May IPO date. Satellite Today says May 14. "DigitalGlobe will launch its initial public offering on May 14, when it is scheduled to begin trading on the New York Stock Exchange under the symbol "DGI," the company announced April 29."

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