- During a talk with GoPro's (NASDAQ:GPRO) management, CFO Jack Lazar mentioned his company is looking to transition to a direct distribution model in Europe and expand its retailer base, reports Citi's Ehud Gelblum. However, Lazar also stated the transition could take time, something Gelblum thinks could mean international sales will remain "relatively muted" for now.
- He also believes management comments suggest GoPro is open to making acquisitions to further its media efforts. The company recently began producing its own content to complement the user-generated material shown on its YouTube channels, and has also promised to roll out new tools to simplify content uploading/sharing.
- While GoPro stumbles, Ambarella (AMBA) is heading in the opposite direction on a good day for tech stocks. An upbeat Dougherty note about the chipmaker's CES demos could be helping.
- Yesterday, Ambarella unveiled its H1 camera SoC (could go into future GoPro models); it supports 60fps 4K video recording via H.264 compression (widely used), and 30fps 4K recording when using the newer H.265 standard. Ambarella also showed off a reference design kit for the growing wearable police/security camera market.