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.
THERESA MAY ordered a total overhaul of the Tories busted war machine with a burst of new blood in key party roles. Mr Carter was appointed by the Conservatives in the wake of the Prime Minister's disastrous snap election.
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.
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.
GeForce NOW uses the latest NVIDIA GeForce GTX GPUs, which deliver outstanding performance on demanding new AAA games. The update improves support for specific games, includes fixes, and patches The Spectre variant 2 security issue .
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.
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 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.
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.
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 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.
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.
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".
But he's also going to take shots at those in his administration, including White House press secretary Sarah Huckabee Sanders. Is Colbert anxious that the country is suffering from Trump fatigue? "That would be like oxygen fatigue".
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.
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.
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.
During the crop season 2016-17 the total area sown was 6.14 Lakh hectares and the estimated production was 1.56 crore MT. Farmers alleged that cold storage owners take high prices from them which they are not able to pay, according to sources.