Shares of GeoEye Inc. (GEOY) have advanced more than 4% so far today after second-quarter results bettered expectations.

The satellite imagery company posted earnings of 46 cents per share, beating the Zacks Consensus Estimate by nearly 18%.

Sales recorded a growth of 112% to $72.7 million, primarily driven by contracts worth $47.5 million from the U.S. Government.

Meanwhile, the company expects full-year revenue of $270 million to $280 million, while earnings per share is anticipated to range between $1.10 and $1.37 per share.

The Zacks Consensus Estimate is at $1.10 per share for the year, which has remained unchanged over the past 2 months.

GEOY, a Zacks #1 Rank ("Strong Buy") stock, is trading on unusually heavy volume of approximately 668,000, against the average daily volume of about 172,000.

"GEOY" Free Stock Analysis: Buy? Sell? Hold?Zacks Investment Research

Drilling for oil isn’t what it used to be. The equipment, machinery and technology have made overall production much more efficient and cost effective. When oil drilling first began, technology was as basic as it could be. The individuals would pick a probable spot and drill until they struck oil or run out of drill bit length. Today an oil site has a complete arsenal of modern amenities. Ground penetrating radar, satellite imagery, highly advanced bit selections are among the many items that can be used.

One of the biggest breakthroughs in recent years that will eventually replace steam driven technology is applying a direct current of electricity between electrodes in producing wells and electrodes either located at surface or in the oil zone in adjacent wells. One reason for this is because not all areas are accessible to steam driven technology. Some of the main reasons are high volume production,

...

Tech IPOs Are Back… But Don’t Buy This One

by Louis Basenese, Advisory Panelist Senior Analyst, The Oxford Club

The IPO buzz is building… In a span of one month, the number of IPOs in 2009 doubled. Half have been tech IPOs.

Sure the tally stands at a pathetic six. But with over 100 deals waiting in the pipeline, the uptick is being closely watched.

Even more so, considering that last week’s debut of Digital Globe (NYSE: DGI) - a provider of satellite imagery used in Google Maps and Microsoft Virtual Earth - garnered interest reminiscent of the IPO heydays in the late 1990s.

Heck, it broke into Google’s Hot Trends list, meaning it was one of the fastest-rising search terms in the world. (That’s no small feat considering it meant beating out pop culture search mainstays Britney Spears, Ashton Kutcher’s twitter record and Desperate Housewives spoilers to name

...

DigitalGlobe Inc. (DGI) jumped more than 30% in debut trading on Thursday after becoming the latest initial public offering to price above its expected range.

The Longmont, Colorado-based firm provides satellite images to Google (GOOG) Maps, Microsoft's (MSFT) Visual Earth, the U.S. government as well as oil, telecommunications and Internet companies.

The company's IPO was heavily subscribed and raised $279.3 million on Wednesday, pricing 14.7 million shares at $19 each. That was higher than the estimated range of $16 to $18. The company, which generates most of its revenue from U.S. government contracts, is expected to gain further from the Obama administration's stress on satellite imagery for intelligence purposes.

DigitalGlobe's fist-day gains have been similar to four other stocks that went public this year and the second IPO to price above its expected range. According to industry experts, this could be

...

Since the industrial revolution, imaginative people have been continually creating new technology. The new devices of today often make our lives easier, but only if they work. Most international business travelers have probably faced a situation when their cellular phone or PDA does not work in a certain city or country. Companies can no longer just create electronic communication devices; they must also consider the geographic range that their products will be used.

During its development phase, GTX Corp took geographic scope into account and has signed several agreements with strategic partners. GTX has a number of products ready for deployment and its partners will ensure that its devices will work worldwide. While the Global Positioning System (GPS) developed by the US Department of Defense can be used freely by civilians, the GTX devices need to be linked with a number of other

...

GeoEye Inc. (GEOY) is the premier provider of geospatial information for the national security community, commercial customers, and strategic partners to help them better map, measure, and monitor the world. The company is recognized as the industry’s trusted imagery expert for delivering reliable service and the exceptional quality of its imagery products and solutions. In addition, GeoEye operates a good number of Earth imaging satellites, mapping aircraft, and an international network of ground stations.

GeoEye recently announced that it will provide imagery from its new $502 million high-resolution GeoEye-1 satellite to Google Earth and Google Maps after the spacecraft is launched on September 4th. If all goes well with the launch, GeoEye’s new satellite will be the world’s highest resolution commerical Earth-imaging satellite. The new satellite will offer images at 0.41 meters resolution in black and white and 1.65 meters in color.

GeoEye, which went public in September 2006, has expanded dramatically

...