nq already responded such a ridiculous SA article this morning - too bad you shorts
I wanted to send you a quick update on some of the questions I have received today. As always, if you have any questions, please let us know.
Seeking Alpha Article Today -- Let me go through each point below.
The Main Point in the Article: The article cites, "the company is purposely releasing them (news releases) with the sole intent of trying to pump up the stock price. A lot of the information in these press releases is either claiming old news as new developments for the company or irrelevant."
This is flat out wrong. As a company, we do not put out press releases to try and do anything to our stock. The purpose of our press releases is really twofold. First, we have a regulatory obligation to announce publicly and fairly anything that is material. Second, as a business we try and do our best to keep the investment and media communities informed about our business evolution, product development and partnerships. Lets go through each of the examples from the article below and I'll add in some additional examples. The announcements and both partner and product developments are significant and anything but "irrelevant" -- in fact some of them are potentially game-changing in nature.
Music Radar --
The article goes on to say that because the application was available many months before our formal product announcement, that somehow the announcement was just an attempt to drive positive sentiment. This shows a clear lack of understanding about the basics of the application industry in general. It is very common for applications to be released in a "soft" launch or public beta form. This enables the product to be enhanced and improved with real-time and real-user feedback. In the case of Music Radar, our public beta launches in various markets was a critical component of the successful product that it is today. The actual timing of our formal product announcement in September was actually tied to the fact that Samsung selected a customized