Marvin on Google TV and GoPro going public
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Look out, Apple and Amazon: Google is unveiling their own TV set-top boxes at their developer conference in San Francisco today.
Marvin Ryder from the DeGroote School of Business weighed in with his take on the screen showdown.
“All three of these companies have got set-top boxes that would allow you to stream movies, television, video games any other kind of video content to get away from the way cable TV locks you into a schedule.”
“Watch what you want, when you want whatever happens to be. So they’re bringing this out today, they’re going to show developers and now the question is who’s going to buy into it. We think Samsung is going to sign on, they’ve been great partners over the years. Possibly LG who’s also a big television manufacturer could sign on with them.”
“That’s really the trick now is that you show it to them, and then you see who’s going to sign on and bring this software into their television set.”
A version of Google TV debuted in 2010 but was criticized for being too complicated and expensive.
GoPro is going public. Ten years after the company started selling small, durable cameras for athletes to wear, it’s going to offer its initial public offering tomorrow on the NASDAQ in New York.
Ryder says GoPro cameras have taken the market by storm. “Apple and Google have been caught quite flat-footed here. They just didn’t see this coming, and GoPro has just come up right through the middle.”
With profits of more than $117 million in the past three years, Go Pro is one of the rare tech companies to go public with profits.
It’s offering more than 17 million shares and could raise $491 million dollars. The IPO is expected to give the company a market value of up to $3 billion.
