As I said before in my previous comments ..... the whole proposal sounds very fishy to me and I'm still not impressed with consultants who appear to go around picking up intelligence belonging to other peoples businesses and then starting up in competition. If I was in defence department I'd be very sceptical about dealing with such people with a propensity to borrow ideas to on-sell...to the Russians next time maybe??. If Nearmap can prove to be reliable in all the ways you can think of the definition of reliability to mean, then Nearmap will still going to be the top of choice by govt departments world wide imo. The competition may be able to offer specialised services to the mining industries on a different level of service and probably the mass market might not be interested in their product so much.. not sure yet till I see it on offer.
We all like free services and competition is always good, but clear thinking customers might prefer to pay against using a copy cat free service as proven with other services in market place. I suspect it going to take the competition 2-3 years to get up and running and I'm thinking they will have to offer a much better innovative useful product than Nearmap to show they can do better alone. But will that be enough if they borrowed those extra ideas from other organisations? I'm not casting any aspersions on the integrity of competitors just basing my comments on what I've read in media, and what I can't find in my searches and attempted researching, and rightly or wrongly jumping to my own conclusions and for others to prove me wrong & I wont mind either if other readers disagree with me and explain to me that I'm totally wrong in this Hot Gossip site lol
NEA Price at posting:
52.5¢ Sentiment: Hold Disclosure: Held
