He essentially told the street that nuomi cash burn will be next to nothing. No share buybacks. Limited capex in q4 and gaming on the rise. Chen knows that Christmas ad revenue is going to be much better than q3.
Looking at Nuomi on Alexa shows a drop off over past few months and I see this trend continuing.
Subtract 6m in Nuomi losses and you get a $9m loss.
Assuming better mobile ad environment around Christmas and Christmas gaming will rise, Chen may be putting nuomi on a tight leash to turn a profit
good points!. have you looked at VIPS today - despite market being down - it went up 10%!.
By Feb, VIPS could be in 20s .. they project Q4 to be 30M over estimates and they have been beating their own projections. VIPS could have very good profits in Q4 based on their projected revenues.