who has almost 14000 followers, says Piper Jaffray officially terminated coverage Thursday night. (Note that Piper previously suspended coverage from Buy. On Nov 5, 2013 “We are suspending our rating, price target and estimates for NQ Mobile until we have more deeply investigated various allegations against the company made by third parties”)
If Piper went from "suspended" to "terminated", this would be an enormous blow to NQ shares, Piper being it's IPO underwriter. Furthermore, the motivation behind such drastic action is troublesome in light of next weeks earnings release. In my opinion, the only conceivable reason would be a result of Piper's own investigation.
An "alignment of resources" is no what a brilliant analyst like Mark Murphy does with a $1bil market cap company growing sales 100% YOY with a 2-5-10 plan to achieve $1bil in revenues within 3 years - especially an analyst that brought underwrote NQ Mobile's IPO.
At the end of the day, NQ Mobile's hyper-growth profile fits the criteria every see-side analyst dreams of covering in the universe of stocks - and an "alignment of resources", in Piper's case, should be treated as company that has become irrelevant to Piper Jaffray and and doesn't exist anymore in their universe.
Just more BS. Don't mean #$%$ without substantiation. And FYI, signing off and signing back on as Succoxx does not count as substantiation! NOTHING you post can be validated. Seriously...back up any of this ....
Sentiment: Strong Buy
Another Field of wet Dreams.......or rather, another freemium preload deal which costs NQ a fee for each new Movil device sold whether or not the user activates the service, with blind faith that those users are going to flip from the free to the mium side of the coin in Latin America? NQ can't even manage that in a top tier market like the USA.
In addition, if you go to Telcel's app page, they offer NQ Mobile as the exclusive security app via download service for users who own devices prior to the preload announcement made in March 2013. Look at the download stats (only 40,229 downloads to date from a subscriber base of 265 mil)
(Translated from Spanish to English)
Features: NQ Mobile Security
Date of Publication:
May 16, 2013
July 23, 2013
Android 2.0 +
Number of downloads: