GoPro Inc would be willing to partner with a larger sector player but is not actively engaged in a sale, the action camera-maker said yesterday, as its shares partly rebounded from earlier heavy losses.
GoPro CEO Nick Woodman announced the company will no longer make drones, drawing a line under its Karma, which failed to recover from a recall a year ago after units were reported to fall from the sky.
The company announces that they will no longer be producing drones, the report comes from their most recent earnings report.
GoPro is shutting down its drone business and laying off 20% of its staff due to weak demand for its products. These factors make the aerial market untenable and GoPro will exit the market after selling its remaining Karma inventory.
GoPro did not immediately reply to CNET's request for comment. Mostly, however, they cited the fierce competition in drone manufacturing as the reason the Karma has failed.
Furthermore, it forecasts that tough regulatory hurdles in Europe and the United States will likely reduce the market for drones in the years ahead.
Morgan Stanley said in a research note yesterday that the price cut would make earnings growth hard in fiscal 2018.
The company said it now expects sales of about $340 million, well short of its own previous projection of as much as $480 million and the average analyst estimate of $472 million. The job cuts and business restructuring will result in an estimated charge of $23 to $33 million, most of which will be recognized in the first quarter, the company said.
As the company said it would be making around 250 employees redundant, Woodman announced he would take just $1 in pay for 2018, compared to around $800,000 (£590,000) plus bonuses in 2016.
"Cutting costs is a good move, although now it's about if the company can turn this ship around themselves", Daniel Ives, analyst at GBH Insights, said.
Meanwhile, Chief Executive Nick Woodman has cut his cash compensation to $1 for 2018.
He said they could present the borough in a "sadly unfavourable light" when Prince Harry marries Meghan Markle on May 19. Mrs May said councils should "work with police" and ensure accommodation was provided for homeless people.
Members of Timberlake's The Tennessee Kids Fan Club are also eligible for an early presale starting January 10. Click through the individual concert links for more information about the show you're interested in.
Family members told KHOU-TV that Roland texted her roommate Saturday to say a suspicious man was following her in a blue truck. They discovered her cellphone and different assets inside, cops stated, while her satchel was found at a close-by business.
Mayor Sampath Raj ordered the city civic body to carry out fire safety audits of all high-rise and commercial buildings. The deceased were workers of the restaurant and they were reportedly sleeping inside the bar when the blaze started.
For Nvidia customers, the Pegasus motherboard is pitched as the path to production for fully autonomous vehicles. Nvidia chief executive Jensen Huang announced the new platforms during his Sunday night keynote address at CES.
Charges were been registered under Section 66 of the Information Technology Act and Section 36/37 of the Aadhaar Act. Justifying its stance, UIDAI said criminal proceedings have been initiated as it was an act of unauthorised access.
The entire experience can be controlled by voice, thanks to support for Google Assistant , which also allows smart home control. Throw it all together, and Nvidia has a rather tasty buffet of gaming news at this year's technology show.
I love you so much". "I do believe, and hope, we can elicit change through the stories we tell and the way we tell them". Reese Witherspoon was so "overwhelmed " Big Little Lies' Golden Globes victories that she "cried 16 times".
Copenhagen police tweeted that the bottle was intact when it was found and is now being examined. "Unfortunately, it's empty. The bottle, which made an appearance in the political TV drama " House of Cards ", was on loan from a Russian businessman.
MLive reported Taggart hired U-M tackles and tight ends coach Greg Frey on Thursday as the Seminoles' offensive line coach. Barnett, Michigan State's co-defensive coordinator, has spent the last 11 seasons as an assistant with the Spartans.
The affected devices include the company's line of ProBook, Envy, and Pavilion computers, as well as the ZBook mobile workstation. According to the recall notice, the issues came to light after eight customers reported battery packs overheating or melting.
The 2018 Winter Olympic was scheduled for February 9-25 at South Korea's county of PyeongChang in the eastern Gangwon province. The officials will discuss the North's possible participation in next month's PyeongChang Olympics, among other topics.
The charismatic multi-talented superstar will take the Super Bowl halftime show stage the third time in his career on February 4. While Minnesota Vikings fans are hoping purple will be the dominant color of Super Bowl LII, the game will start with some Pink.
HP, Lenovo, Asus, and Acer will integrate Alexa into a bunch of Windows 10 desktops and laptops that they will launch in 2018. At CES 2018 , expect more digital assistant-related announcements from the companies like Amazon , Google , and Microsoft.
He had exuded confidence that more employees will return to work and operations would resume across the state on Sunday. The court intervened in the matter after a journalist filed Public Interest Litigation (PIL) against the unions strike.
The Iranian tanker, Sanchi , is ablaze and leaking oil after colliding with the Hong Kong-registered vessel CF Crystal . The tanker's 32 crew members including 30 Iranians and two Bangladeshi sailors were missing in the incident.
He said any move to extradite him to Georgia "would cause a change of power in Georgia and probably in Ukraine, too". Ivanishvili and President Poroshenko are coordinating the legal actions against him in Ukraine and Georgia.
Finally, Victory Capital Management Inc. raised its stake in shares of Express Scripts by 12.5% during the 3rd quarter. Raymond James Financial reissued a sell rating on shares of Express Scripts in a report on Friday, December 15th.