The future of SketchUp after Trimble being bought by FHB

A couple of days ago I’ve read a news article about Trimble being purchased by the First Hawaiian Bank and for a moment I began to worry about the future of the SketchUp.

I only know how to use SketchUp as far as computer drawing software goes and I truly love using it. It’s easy to understand and it is not as expensive as other similar software. With that said, I’m anxious about the future of SketchUp as its current ownership is in the hands of a bank…

I came here just to express my dilemma and hopefully get some assurance that things will go on (with updates and so forth.)

Well I’m not an economist, but it doesn’t look like FHB bought Trimble. at all.

FHB reinforced their already existing investment. apparently, they are not the only ones

I mean, according to CNN, FHB is not even top 10 investors

https://money.cnn.com/quote/shareholders/shareholders.html?symb=TRMB&subView=institutional

If FHB’s stake in the company is now roughly worth 1,4 million $, it makes them a small fish.
They are worth about 12B$. so FHB owns… 1/10000th of it ? roughly ?

1 Like

Trimble is the third owner of SketchUp during the time I have been using it. The bank mentioned more than doubled its stake in Trimble but I would guess that the company is worth more than the about 1.35 million dollars of its stock owned by them. I wouldn’t be worried.

2 Likes

This is what I read Trimble Inc. is purchased by First Hawaiian Bank for 10,300 shares (NASDAQ:TRMB)

Thanks! :slight_smile:

1 Like

Screenshot - 3_25_2023 , 6_11_04 PM
Trimble Stock Price Today (NASDAQ: TRMB) Quote, Market Cap, Chart | WallStreetZen.

10,300 shares would be something like 0.00042% of those 246,951,697 shares. Surely not enough to be considered as buying the company.

I guess the title of the news headline was misleading. This is good then!

1 Like

it’s a weird phrasing.

Trimble inc. (the stock) is (beign) purchased by FHB with a quantity of 10300 shares
→ FHB just bought 10300 shares of Trimble inc.

a quick look tells me the author is italian and living in Brazil.
Maybe the weird phrasing is just a weird translation in his head :wink:
(or worse, simply automated content created by scrapping other sites)

1 Like

Yes. It’s like saying I own Apple because I own a few shares.

2 Likes

Totally! :rofl: lost in translation

My first reaction was, “Wait, Fine Home Building magazine has bought Trimble!?” (@DaveR is quite familiar with their sister publication, Fine Woodworking, but I’m sure their parent publisher isn’t in a position to buy Trimble. Context it everything to abbreviations.)

3 Likes

Most of them are.

1 Like

I wish Trimble would sell SketchUp/Layout to someone who is really interested in the product and would embark on much needed improvements (I know, in my dreams!).

Trimble has shown much more interest in developing SketchUp and LayOut than Google ever did. If Trimble hadn’t purchased SketchUp and LayOut it would have joined this list since it no longer served Google’s needs.

3 Likes

In this case, a stock publication, “buy” simply means “buy” stocks.

It would be great if sketchup was bought by Epic games, as the missing 3D modeling tool they need for their suite of software, for now unreal engine and twinmotion aren’t modeling capable softwares.

1 Like

I would love for SketchUp to break out of Trimble to be owned and run by the people that develop it, so that any earnings stay with SketchUp and the people who make it great, not just any investors or banks who are motivated by making more money.

I would love for SketchUp to cost way more, given it being a classic license and owned by actual people motivated to do a good job with it, and that it would be developed with a huge focus on improving performance.

I would love not to gain new functionality for the next five years – to ‘make performance great again’.

1 Like

yeah… I miss the good old days :slightly_frowning_face:

To think about this honestly, SketchUp performance has never been as great as it is today. Try opening a half a gigabyte model in SketchUp 3, for instance. Performance has increased both due to better optimization and, naturally, support for newer hardware. The downside is that our expectations have increased more.
20 years ago, a model with 100 000 edges was considered seriously bloated. Today most expect SketchUp to be able to cope gracefully with a million edges or more.

1 Like

I was just talking about this.

I used SketchUp around 2008 when it was owned by Google and as much as I loved it, it was crushing a lot.

Sketchup 2018 was my favorite version because it seemed very stable and has almost all the functions it has Today. I put the performance change down to TRIMBLE’s intervention, but I don’t now for sure.

1 Like