I love to talk about tech. But today, I am going to share a brand-new experience which brought back great memories for me: playing solitaire games on my computer. I used to play these games as they were included in my Windows OS. But while surfing on the internet, I came across Solitaire.org. The name says it all: the website focuses on classic card-based solitaire … Continue reading Free Classic Games with Solitaire.org
Facebook Inc (NASDAQ:FB) has introduced wedge, which is an Ethernet Switch based on Linux and will be used in Software Defined Networking by Facebook. This is a big step from Facebook which would allow them to have their own networking switches to transport information from one system to another. Its importance lies in the huge traffic which Facebook host and the speed that it assures … Continue reading Facebook (NASDAQ:FB) builds its own Networking Switches
Business networks have grown much more complex in recent years. Take the branch office for example. According to an article on Search Networking, WAN Optimization Policy Goes Deep (1), branch offices used to have modest network requirements but now often strain the WAN as workers access virtual desktops, applications, and data centers from a myriad of devices. Some of the issues affecting distributed networks include: … Continue reading WAN Optimization in the Era of the Distributed Workforce
Wall Street. (NASDAQ:GPRO) Gopro has been the darling of Wall-Street investors this week. But shares of GoPro Inc closed at $31.33, up more than 30% from their IPO price of $24. Thursday was the first day of trading for the maker of HD high-action cameras. Now, GoPro’s stock ticker symbol is hotter than its wearable action cameras. After its IPO at $24 a share the stock shot up to $31.34. With about 123.1 million shares outstanding, this gives the company a valuation of $3.86 billion. GoPro CEO Nicholas Woodman has successfully pulled off alchemy by selling a gadget company stock as a media company to the investors. The alchemy is now worth about $3 billion out of the $3.86 billion valuation of the company.
GoPro Inc’s IPO was priced at the high end of GoPro’s expected range and raised $427 million, valuing the whole company at about $3 billion.
GoPro videos have received 500 million views on YouTube, and part of the company’s strategy is to build a media platform and start collecting ad revenue. GoPro wants to go beyond cameras. From technology to media, a new business model is born for GoPro Inc.
Looking at the NASDAQ:GPRO fundamentals, it has a number of positives. It’s making money, and we have seen plenty of tech companies going public that have yet to turn a profit. It’s also built an exciting brand with strong growth (+87% in 2013) and close to $1 billion in revenue, despite some competition.
With headquarters in San Mateo, California, GPRO was founded in 2004 by GoPro’s CEO and Chairman Nicholas Woodman. Its first product was a waterproof camera that used film. In 2006, it launched its first digital camera. Three years later it began selling a high-definition camera.
There is a real risk factor and pressure on revenue that GoPro faces, as management acknoledges: “We operate in a highly competitive market and the size and resources of some of our competitors may allow them to compete more effectively than we can, which could result in a loss of our market share and a decrease in our revenue and profitability.”
Continue reading “(NASDAQ:GPRO) GoPro Stock News and its Extreme Business Model (Video)”
It is quite certain nowadays that the Internet has become a very powerful tool which affects many aspects of our daily lives. Most of us probably cannot even remember the time how it was before the Internet (people had to meet and talk to each other – unthinkable!). There are many positive sides of the online world, such as common and equal access to knowledge … Continue reading Two sides of the Web
Software maker Oracle is buying Micros Systems Inc., which provides software and hardware to the hospitality and retail industries, for about $5.3 billion. Oracle said Monday that it will pay $68 per Micros share, a 3 percent premium to the company’s $65.77 Friday closing price. Shares of Micros gained $1.43, or 2.2 percent, to $67.20 in premarket trading Monday. Oracle said the acquisition will extend … Continue reading (NYSE:ORCL) Why is Oracle Buying Micros Systems For About $5.3B?
