16 Nov 2009
Monday Morning News Kick Off: CIA Wins Turf Battle, GeoEye 123% Jump in Earnings and DoD Social Media Properties
Welcome to Monday morning. As always, we hope our readers had a restful weekend and are ready to tackle the work week with verve and gusto (never thought we would ever use these words on this blog). For this week’s MMNKO post, we have a wide range of stories — from GeoEye and DigitalGlobe earnings to an update on DoD and social media. So, as always, fire up that second cup of coffee and read on. Happy Monday!
White House Backs CIA in Turf Battle
After a months-long turf battle between America’s top spies, the White House has sided with the Central Intelligence Agency in the dispute over who has the power to appoint the top spy in each country overseas, according to intelligence officials. Many think this decision is a blow Dennis C. Blair, the director of national intelligence, who had used the issue as a litmus test of the power of his office, created in 2004 to enhance cooperation among intelligence agencies and put an end to persistent squabbling among American spies. Read more here.
Boeing May Abandon Sea Launch
After nearly 15 years of trying to prop up an unusual way to launch satellites, Boeing is expected to walk away from its stake in California-based Sea Launch. Sea Launch President Kjell Karlsen said Wednesday that Boeing probably would have little or no ownership stake after the rocket-launch company emerges from Chapter 11 bankruptcy reorganization early next year. Sea Launch uses a self-propelled rocket platform and command ship to launch heavy satellites into geostationary orbit from the equatorial Pacific, where the physics of the location maximize a booster’s lift capacity. Read more here.
Podcast: Executive Interview with David Schell, Chairman, Open Geospatial Consortium
Our friends at Directions Magazine were able to spend some time with David Schell, Chairman of the Open Geospatial Consortium. Joe Francica was able to interview Schell, who discussed a broad range of topics including OGC’s initiatives with other standards bodies, how the economy is impacting OGC’s mission, its new Law and Policy Committee and several other issues. Schell helped to found the OGC in September 1994 and served as its first president. Check out the podcast here.
GeoEye, Inc. Q3 2009 Earnings Call Transcript
In case you missed GeoEye’s Q3 earnings call, we have found the transcript for you. The good news for GeoEye is that the company reported its best earnings to date: total revenues were $79.9 million for the third quarter of 2009, a 123% increase from $35.8 million for the third quarter of 2008. Yes, that is correct a 123% increase in revenues from last year. Congrats GeoEye! And you can read the full transcript of the earnings call here.
DigitalGlobe Reports Third Quarter 2009 Financial Results and Raises Full Year Outlook
Last week, DigitalGlobe also announced its third quarter earnings. Thirds quarter revenue for the company was $71.8 million, an increase of 8% compared to the same period last year. Third quarter net income was $14.6 million or $0.32 per diluted share as compared to net income of $14.3 million or $0.32 per diluted share for the third quarter 2008. Congrats to DigitalGlobe as well — who topped Wall Street estimates with these better-than-expected earnings. Read more here.
The Department of Defense and Social Media
The Department of Defense is all over social media these days. That is correct. A while back social media and Government 2.0 pundits were worried that the DoD would collar all social media activity, but this is the furthest from the truth. We came across this DoD site that lists out all of its social media properties, and it is very robust. 32 different blogs and 46 various Facebook pages. Good stuff. Check it out here.