They don't have to add up to 100%. It's a score, just like a grade in school. A tough test when the highest score is only 69%. Reminds me of my engineering physics professor (A's to 85, B's to 65, C's to 45 and D's to 30). Vievu wasn't on the list (not even considered)?!
ACLU endorses body cameras. One Penn. DA did not know that tasers can have cameras too. A video from one of them was used to arrest an officer for shooting someone in the back in January while they were on the ground (charged with criminal homicide).
For statewide RFPs involving tens of thousands of cameras, defense companies may be interested...all officers do not need a camera (e.g., administrative types)...to build a company, hire to your weakness.
LAPD chose Taser, after reviewing three cameras, because of its better video in low-light (night) conditions.
TASR's financials give revenue for product and quantity of product sold to obtain revenue per product. You would have to be their cost accountant to know the fixed and variable costs with further breakdown by product to know that information. Losses at the AXON unit are expanding. Hopefully they will turn around soon. Sacramento PD is testing at least two camera models. One officer prefers the Vievu (like the NYPD) because of its smaller footprint and easier use. Slide the middle portion of the Vievu camera down and its on; up, and it's off. With the AXON body camera, you have to press a button for certain amount of time to activate it or shut it off. And when Vievu video is downloaded to a PC, it cannot be edited.
You have a simplified view of government. The IT of one department of government may not be involved in any way with the IT unit of another department (for security reasons, as one example). In just one unit of government I am familiar with, there are 3,500 people, and 25% of them are IT people. That organization has about three dozen computer systems. They are trying to integrate most of them. The cost exceeds a half a billion dollars (and counting) over years. These things do not work seamlessly. In the case of body cameras, a city PD may be involved with the city DA, the State DA, or units of the Federal government (e.g., the FBI) for one case. Privacy is an issue as PDs are coming up with various policies to handle it based on laws in their state. State laws are different and not consistent. Some states are community property states and some are not. The same can be said for privacy issues.
Rialto, CA PD saved $420,000 from reduced civilian complaints and another $350,000 moving officers from internal affairs to more worthwhile endeavors because the cameras were so effective. That's a savings of $770,000. Divide that by the cost of the camera system ($90,000), and that's a benefit/cost ratio of 8.56:1. Let's stick with 8:1 to be conservative.
If it's like the Rialto, CA PD study conducted by Cambridge University, which had 59% and 88% reductions repectively, it's on a year-over-year basis, when cameras were not being used at all in the earlier period. Studies in Mesa, AZ and the UK have similar results: the benefits outweigh the costs by multiples (more than 8:1 in Rialto's case).
Everyone agreed that the benefits outweigh the costs. Too bad the committee couldn't invite someone from the Torrance and Folsom (both in California) PDs (I believe the former has been using body cameras for 15 years while the latter has been using them for eight years), to see what their policy on usage and storage is. But if body cameras were too expensive, these PDs would have gotten rid of cameras long ago.
PDs need only a few drones to do 30% of the capabilities of a helicopter at less than 1% of the cost. Not a large market, unlike cameras on police officers.
Focus of analysis is on revenue. When TASR is analyzed based on profits, its stock is fairly valued (PEG of 1.5x). And the analysis didn't discuss foreign sales, which represented nearly 21% of total revenue in 1Q15.
Cardinal rule of investing: diversify. No matter how good an investment looks, it shouldn't be more than 10% of your portfolio. The average hedge fund, which typically charges their clients 2-and-20, has underperformed the S&P 500 stock index for SIX consecutive years because they levered their positions (bet big) and lost. TASR stock is reasonably valued now (PEG around 1.5x).
Storage of video is one of the challenges for LE. That is a problem for the Calif. Highway Patrol, who has a pile of DVDs with videos on them.
Many questions remain. What will be the pricing for Panasonic's camera and storage? Where will the video be stored? Japan? If on a PD's servers, how will they categorize the videos for retrieval and ensure they can't be edited?
Yawn. LAPD looked at three cameras before deciding. They chose TASR's. London Metro analyzed cameras for 18 months before deciding. They chose TASR's. That's 37,000 cameras not going to competitors. TASR has sewn up San Diego PD; Long Beach PD; LAPD; Rialto, CA PD; San Jose PD; Oakland PD; and San Francisco PD. Kiss off California for the rest of them; the big players have already been taken.