InfoAnda - DigitalGlobe, GeoEye jump on nod for imagery funding |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

U.S. arms makers said to be bleeding secrets to cyber foes | | 1 June 2011
New Zealand refuses to back down on Fiji sanctions | 16 December 2008
Obama plan would expand some small-business loans | 5 February 2010

Olmert calls for world to stop Iran nuclear bomb | 16 November 2008

Forum Views () Forum Replies ()

Read more with google mobile : DigitalGlobe, GeoEye jump on nod for imagery funding |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Russian arms shipment en route to Syria: report 25 May 2012 Minute by minute, Nasdaq chaos engulfed Facebook IPO | 25 May 2012 Gunman in Indiana standoff dies after shooting himself 12:06am EDT Spain region, Greek exit warnings rattle euro zone 25 May 2012 Lebanese Syria hostage release delayed, massacre claimed | 3:32am EDT Discussed 152 Exclusive: U.S. lets China bypass Wall Street for Treasury orders 93 ”Battleship” bomb may hit studio’s profits: analysts 81 Protests planned after minister calls for gays to be fenced in Watched SpaceX: One giant leap for business in space Fri, May 25 2012 A look at the UK’s most beautiful face Thu, May 10 2012 Dead silence then Nasdaq chaos burns Facebook investors Fri, May 25 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Fleet Week The U.S. Navy takes Manhattan for a week. Slideshow The SpaceX mission A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station. Slideshow DigitalGlobe, GeoEye jump on nod for imagery funding Tweet Share this Email Print Related News House-backed defense budget sets up clash with Obama Fri, May 18 2012 GeoEye offers to buy DigitalGlobe for $792 million Fri, May 4 2012 Analysis & Opinion Don’t forget Iran’s record of deception We shouldnâ€™t dread the debt limit Related Topics Tech » Hot Stocks » Asian Markets » By Andrea Shalal-Esa WASHINGTON | Fri May 25, 2012 8:03pm EDT WASHINGTON (Reuters) - DigitalGlobe Inc (DGI.N) and GeoEye Inc (GEOY.O) on Friday welcomed a decision by the Senate Armed Services Committee to authorize continued funding for commercial imagery purchases, a move that sent the two companies' shares sharply higher. Shares of DigitalGlobe rose as much as 10 pct while those of GeoEye jumped 9 percent in response to the first positive news for the sector in quite a while. Both DigitalGlobe and GeoEye provide digital imagery services to U.S. military and intelligence agencies and are working on next-generation satellites to double their capacity. But their shares have been hammered in recent months amid news that the U.S. National Geospatial-Intelligence Agency plans to sharply reduce and possibly halve its purchases of those products over the next years. The prospect of sharply lower U.S. government orders has prompted an unusual flurry of takeover negotiations between DigitalGlobe, which had a market capitalization of $731.26 million on Friday, and GeoEye, with a market capitalization of $426.87 million. The situation is at an impasse at the moment, but industry analysts do not believe the lower level of orders will be great enough over the longer term to sustain both companies. The Senate Armed Services Committee announced late on Thursday that it had voted to authorize $125 million in continued funding for commercial imagery purchases in fiscal year 2013, which begins in October, restoring funds cut by the Pentagon in its proposed budget. The move would maintain funding at fiscal year 2012 levels and mandates a study by the Joint Staff and the Congressional Budget Office on the requirements for commercial imagery. A full report is due to be released in early June. But the funding still has a long way to go before becoming law. It must still be approved by the full Senate and the House of Representatives, and will need action by both House and Senate appropriations committees before it can take effect. U.S. defense officials say cutting funding for commercial imagery was a difficult, but necessary choice given Pentagon plans to cut funding by $487 billion over the next decade. COMPANIES WELCOME SENATE PANEL'S MOVE Many U.S. military commanders like using commercial imagery because it is easier to share with allies, but defense officials say they are trying to find ways to improve their ability to share even classified data with allies. They also say they expect to double the production of digital satellite imagery with their own new government-owned satellites. DigitalGlobe, which says it is better positioned to weather the cuts than GeoEye since it provides more imagery to the government at lower cost, said the committee's decision underscored the value of commercial imagery. "DigitalGlobe is committed to continuing our legacy of providing superior value and performance to the U.S. government and taxpayers in support of our customer and national defense," the company said in a statement. GeoEye also welcomed the news and said it continued to work on its new satellite, GeoEye-2, which it said would be the world's highest resolution and most accurate commercial satellite in orbit, when it is launched next year. "While these are challenging fiscal times, the Senate Armed Services Committee and other defense and intelligence committees continue to express concerns with the risk reflected in the proposed budget," said Steve Wallach, GeoEye senior vice president for national security strategy. GeoEye got another shot in the arm last week when it passed a key milestone on its new satellite, which will pave the way for the company to receive $111 million in cost-share funding already set aside by NGA, according to two sources familiar with the situation. NGA is also taking steps to temporarily extend a service contract with GeoEye that is due to expire in September, said one of the sources, who was not authorized to speak publicly. That move will keep the company's work "on life support" until the future funding issue is resolved with Congress. GeoEye has said its service agreement will be fully funded in fiscal 2012, but analysts say the company is unlikely to receive the full amount of cost-share funding for the new satellite that the federal government initially promised, analysts believe. Dougherty & Company analyst Andrea James said shares were clearly buoyed by the Senate committee's move. "The Senate is showing public support for commercial satellite imagery programs, which save taxpayer money ... this is the first concrete positive development that investors have seen in a while," she said via email. DigitalGlobe shares rose $1.07, or 6.8 percent higher, to close at $16.76 on the New York Stock Exchange while GeoEye shares closed $1.29 higher, up 6.75 percent, at $20.39 on the Nasdaq. (Reporting by Andrea Shalal-Esa and Kartick Jagtap in Bangalore; Editing by Sreejiraj Eluvangal, Gary Hill) Tech Hot Stocks Asian Markets Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Saturday, 26 May 2012
Syrian forces kill 50 in Homs province: opposition group |
Exclusive: U.S. probes China's ZTE over tech sales to Iran |
Qaeda-linked suicide bomber kills 12 in Yemen |
French left ahead in parliament vote: poll |
Turkmen leader sacks oil and gas minister |
Facebook options debut a wild card for volatility |
Dell-Quest deal possible over weekend: sources |
Facebook's market maker losses may top $115 million: sources |
They're here. They're geeks. Get used to it |
HP tries to stem Autonomy exodus after founder goes |
Corrected: Dish, TV networks take fight over ad zapper to judges |
Keira Knightley engaged to British rocker boyfriend |
Making France's Intouchables bankable in the U.S. |
Horror film Chernobyl Diaries draws some protests |
Brother of blind Chinese activist goes missing: lawyer |
Afghan parliament approves U.S.-Afghan security pact |
Muslim Brotherhood seeks unity ahead of Egypt runoff |
Lebanese Syria hostage release delayed, massacre claimed |
Bud weakens to storm off Mexico's Pacific coast |
Clinton to visit Scandinavia, Caucasus, Turkey |
Rooftop gunman kills one, wounds 8 in Finland |
Qaeda-linked suicide bomber kills 12 in Yemen |
Japan's Renesas eyes 14,000 job cuts, chip plant sale: Nikkei |
SpaceX capsule docks at space station, opens new era |
DigitalGlobe, GeoEye jump on nod for imagery funding |
Folk artist Doc Watson's responsive after surgery: agent |
Iran has enough uranium for 5 bombs: expert |
Putin puts Medvedev in charge of Russia's ruling party |
Greek pro-bailout conservatives regain lead: polls |
Israeli settler shoots Palestinian in West Bank |
Pope's butler charged over leaks scandal |
Muslims buried in Bosnia town, Serb veterans march |
Cannes gets happy ending with river film Mud |
Cannes' Middle East films show Arab Spring unfurl |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01