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On 14th April DigitalGlobe has filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The company plans to raise upto $250 million and plans to seek a listing on the New York
Stock Exchange under the symbol "DGL." Underwriting the IPO are Morgan Stanley, Lehman Brothers, Citi, UBS Investment Bank, JPMorgan and Jefferies & Co.
Jill Smith, the CEO, in an interview with Denver Post in the month of January this year, had said that the company did have plans of going public for the primary reason of gaining access to financial markets. Chuck Herring, the company's director of corporate communications had earlier stated that final timing of the IPO would depend on "a combination of DigitalGlobe being ready, as well as market conditions being right," He has also stated that the company's goal is eventually to have a 50-50 split of government and commercial work
The members of the Open Geospatial Consortium, Inc. have announced the approval of the OpenGIS® KML Encoding Standard (OGC KML), marking KML's transition into an open standard which will be maintained by the OGC. Developers will now have a standard approach for using KML to code and share visual geographic content in existing or future web-based online maps and 3D geospatial browsers like Google Earth TM .
KML is an XML-based programming language, originally developed to manage the display of geospatial data in Google Earth. The OpenGIS KML 2.2 Encoding Standard formalizes the KML 2.2 model and language while remaining backwards compatible with existing KML 2.2 files and tools. The adopted OpenGIS KML 2.2 Encoding Standard (OGC KML) is available at
http://www.opengeospatial.org/standards/kml/
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Dr.
Hrishikesh Samant