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Velti plc Message Board

  • bullinvestor2003 bullinvestor2003 Feb 14, 2013 9:29 AM Flag

    Bloomberg article - Mobile ad prices up & demand extrememly robust

    Millennial plans to release fourth-quarter results Feb. 19. Richard Fetyko, an analyst with Janney Montgomery Scott in New York, said in an interview today that mobile-ad prices grew by “double-digit” percentages in the fourth quarter and that demand hasn’t slackened this quarter, as it usually does.

    “The feedback in terms of mobile ad budgets and spend trends in the fourth quarter was that it was extremely robust,” according to his discussions with mobile-ad exchanges and Millennial’s competitors, Fetyko said. He recommends buying the Baltimore-based company’s shares.

    “It just sort of fits our thesis that 2013 is really shaping up to be the inflection point in the mobile advertising industry,” he said.

    Sentiment: Strong Buy

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VELT
0.0626-0.0094(-13.06%)Dec 13 4:00 PMEST

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