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Millennial Media Inc. (MM) Message Board

  • sfvip sfvip Apr 1, 2013 7:45 PM Flag

    One day Jimmy will get it right

    n the "Executive Decision" segment, Cramer sat down with Paul Palmieri, president and CEO of Millennial Media (MM), a company that delivered what Wall Street saw as a disastrous quarter, sending shares lower by 37% in just 24 hours.

    Palmieri said Millennial Media actually had a great quarter, with 68% revenue growth in its fourth quarter and also great margins. Where the company fell short, he said, was in its guidance. Full-year guidance remains essentially the same, Palmieri noted, but the fourth quarter did see some deals not close as expected.

    When asked whether those unsigned deals represented additional competitive threats from the likes of Google and others, Palmieri said that nothing has fundamentally changed in the competitive landscape for Millennial. He said his company has been competing with Google all along and continues to do so. Overall, Palmieri said he's still excited about his business and the opportunities going forward.

    Cramer told viewers to go over the company's conference call and re-read the notes because he feels there was an overreaction to the downside.

    nice call

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