Foxconn Invests $200 Million In GoPro

Posted by timothy on Saturday December 22, 2012 @08:43PM from the best-way-to-document-an-avalanche dept.

MojoKid writes "The initial wearable cameras [GoPro founder Nick] Woodman created to capture action shots as they happened used 35mm film, but his company's cameras have evolved into highly durable, HD vid-cams that are sought after by amateurs and extreme sports stars alike. It turns out Foxconn digs what GoPro has designed as well. The giant Taiwanese manufacturer just bought a significant stake in Woodman Labs, making Nick Woodman a billionaire in the processes. Taiwan-headquartered electronics manufacturer Foxconn (also known as Hon Hai Precision Industry Co.), purchased an 8.88% stake in Woodman Labs for $200 million, valuing the San Mateo, Calif. company at $2.25 billion."

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That's good to hear... by Anonymous Coward · 2012-12-22 21:29 · Score: 4, Insightful

GoPro cameras would probably make a good case study about not trying to put everything and the kitchen sink into a product. Instead, make it affordable and good for what it'll actually be used for.
Re:Not a billionaire yet by Sqr(twg) · 2012-12-22 22:25 · Score: 4, Insightful

Value is value. US dollars is simply one way of storing it.
The difference is: One billion US dollars can quite easily be converted into other goods. One billion dollars "worth" of stock in a small-cap company cannot. Especially if you're and insider and thus prohibited from selling your stock in secret.