Regardless, shares in the company remain under pressure. While Ullman has secured financing from Goldman Sachs, therefore strengthening their capital position, the same bank’s research arm suggested bankruptcy is a very real possibility.
At least... How in the hell this pig got a market cap of $5 Billion on $150 million sales is mind boggling.. All they do is install Solar on roof tops, big f....king deal.Short this pig back under $10 or $5
Chairman of Tower Group just sold 1,233,460 shares
Michael H Lee, Chairman of Tower Group and a director of the company, recently sold 1,233,460 shares of the company. The sales took place at prices ran
ging from $10.16 to $12.28 per share, on September 18, 2013. Lee still owns 2,297,926 shares of the company. Lee operates out of Hamilton, Bermuda, . Some additional info was provided as follows:
These sales were required and effected by a financial institution in accordance with the acceleration of repayment obligations pursuant to a loan agreement under which these shares were pledged as collateral. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.91 to $10.90, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.91 to $11.90, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.91 to $12.39, inclusive. The reporting person undertakes to provide to Tower Group International, Ltd., any security holder of Tower Group International, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
Well if the Chairmen of the Board is selling, then why in the hell are you buying?
:42PM NQ Mobile reports EPS in-line, beats on revs; guides Q4 revs above consensus (NQ) 14.31 +0.82 : Reports Q3 (Sep) earnings of $0.28 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.28; revenues rose 110.1% year/year to $54.2 mln vs the $51.19 mln consensus. Co issues upside guidance for Q4, sees Q4 revs of $62-63 mln vs. $61.84 mln Capital IQ Consensus Estimate.
Mobile Value Added Service revenues, which include Consumer Mobile Security revenues and Mobile Games revenues, increased 46.4% y/y and 0.3% q/q. The slight decrease in Consumer Mobile Security subscription revenues was primarily due to monetization expansion to mobile advertising and mobile games in domestic China market. Revenue contribution from overseas users accounted for 59.1% of Consumer Mobile Security revenues compared with 54.1% in prior year. The increase in Mobile Games revenues was primarily due to the rapid user growth of FL Mobile's game platform and the launch of new games in the third quarter of 2013.
Advertising revenues were $11.0 million for the third quarter of 2013, up 99.7% sequentially. The robust growth was due to increased monetization through advertising and promotional revenue through 3rd party application referrals.
Enterprise Mobility revenues (including both hardware sales and services) increased 243.0% year-over-year and 90.6% sequentially to $15.3 million; increase due to the strong growth in the enterprise business and new customer gains.
Gross profit was $32.3 million, up 80.8% y/y and 17.0% q/q.
Gross margin was 59.5% in the third quarter of 2013, compared with 69.2% in the same quarter a year ago and 66.7% in the previous quarter. The decline of the gross margin was mainly due to the increased revenue portion of the enterprise mobility business NationSky, which has a much lower margin.
Non-GAAP operating income increased 150.1% year-over-year to $17.1 million. Non-GAAP net income increased 113.8% y/y to $17.4 million. GAAP Loss from operations was $3.1 million and Net Loss attributable to NQ Mobile was $2.7 million, mainly due to $20.1 million in share-based compensation expense in the third quarter of 2013, comparing with an operating loss of $1.0 million and net income attributable to NQ Mobile of $0.3 million in this corresponding period of 2012.
Days Sales Outstanding (DSO) were 115 in the third quarter of 2013, down 20.7% from 145 in the previous quarter.
Deferred revenue was $19.2 million at the end of third quarter of 2013, up 9.9% from $17.4 million at the end of the second quarter of 2013.
Cumulative registered user accounts were 426.6 million as of September 30, 2013, compared with 241.6 million as of September 30, 2012 and 372.2 million as of June 30, 2013.
Average monthly active user accounts for the quarter ended September 30, 2013 were 133.0 million, compared with 84.5 million for the corresponding period of 2012 and 122.2 million for the quarter ended June 30, 2013.
Average monthly premium user accounts for the quarter ended September 30, 2013 were 14.8 million, compared with 11.3 million for the quarter ended June 30, 2013.
FL Mobile operated and distributed a total of 22 games on iOS and 52 games on Android platforms as of September 30, 2013.
Beijing NationSky Network Technology Co., Ltd, Inc. ("NationSky") had over 30 Mobile Device Management (MDM) enterprise customers and over 1,250 total enterprise customers as of September 30, 2013.
NQ Mobile will resume its previously announced $35 million stock buyback plan once the blackout period ends after earnings, Matt Mathison, the vice president of capital markets at NQ, said in a conference call on Oct. 25. The period usually ends 48 hours after the company reports, he said.
Apple's (Nasdaq: AAPL) iPhone 5S may already be a hit in China.
9to5mac noted Tuesday that the iPhone 5S largely sold-out on Apple's China website shortly after being made available. The tech blog said that only the 16-GB iPhone 5S was available as of this morning.
Unlike the rest of the world, China is the only market open to pre-ordering the device.
While it might hint that demand for the iPhone 5S is high in China, it might also mean that supplies are low. Reports leading into Apple's September 10th iPhone event had yield on the iPhone 5Ss touch sensors not meeting expectations.
Notably, Apple went through a similar issue last September/October, when it wasn't able to meet iPhone 5 demand due to the level of technology that went into making panels for the device.
Where do you morons come from? Craw back under your rock.. idiot!
"Long term investor story" Either they get bought out or they go under, end of story.
If I were you I would sell or buy a lot of put protection on your shares.
There is zero reason to own this pos at any price... Not even for a dead cat bonce, it's dead for life...
NQ Mobile (NYSE: NQ) announced that it has completed the process of transferring to a bank account opened at Standard Chartered Bank (the "Standard Chartered Account") approximately RMB 100 million (or USD $16.4 million) of NQ Mobile's term deposits that were formerly held at Industrials Bank Co. Ltd (as previously detailed in a news release issued on Friday, October 25th).
The account was opened today and the initial term deposit of approximately RMB 100 million (or USD $16.4 million) has been transferred to the Standard Chartered Account. The remaining portion of the approximate USD $100 million to be transferred will be processed soon. The Company has authorized Standard Chartered Bank to allow an independent verification of the account validity and provide related details to any interested investor who requests the information in good faith. As a result of transferring term deposits to the Standard Chartered Account, NQ Mobile will forfeit certain earned interest and will provide further updates on the financial impact on the Company's Q3 earnings release scheduled for November 12, 2013.
Dr. Henry Lin co-CEO and co-Founder of NQ Mobile remarks, "We remain diligently focused on running our operations and our entire organization and management team is extremely committed to financial transparency. An important step in this process is earning the complete trust of anyone seeking to validate our cash positions. Our actions speak louder than anyone's words and all other arguments and falsehoods fall by the wayside as our cash position is completely and independently verified. We will vigorously defend our company and our products for the benefit of our partners, our customers, and especially our shareholders."
Following the transfer of the aforementioned term deposits, expected to be completed soon, the Company will also maintain its existing account with Standard Chartered Bank and HSBC in Hong Kong where the proceeds of the recent convertible bond offering, totaling approximately USD $166 million, will continue to reside. Additionally, the Company maintains numerous operating bank accounts with cash throughout its organization for the day-to-day operating needs. NQ Mobile will provide a complete update on the balance sheet totals in its regular Q3 earnings release.
Goldman Sachs maintained a Buy rating on Cree (NASDAQ: CREE) with a price target of $72.00. Analyst Brian Lee thinks investors should "buy the dip."
"Despite soft guidance, we remain positive on CREE shares and would be buyers on stock weakness as (1) Cree's strategy to pull forward marketing spend due to accelerated timing on utility rebates – while a drag on EPS growth near-term – should result in accelerating bulb volumes in coming quarters and already appears to be showing up in recent Home Depot restocking; (2) the aggressive push in consumer dovetails with a close to 1bn socket opportunity in 40/60W starting in early 2014, based on our math; and (3) potential for a broader distribution base positions Cree for another pickup in volume growth as its exclusivity with HD sunsets in early 2014," said Lee.
"We expect bears will once again argue EPS growth is stalling on gross margin. However, we note lighting margins – both consumer and commercial – are on the mend, as is revenue growth in commercial (+8% qoq). Plus, we see opportunity for leverage on Cree’s faster spend (+$5.5 mn opex qoq) – the primary impact on near-term earnings – and lower than perceived downside risk to gross margin, which appears flat qoq in Dec, net of one-time licensing revenue that provided a boost to 1QFY14," he added.
Wedbush maintained an Outperform rating on Sarepta Therapeutic (NASDAQ: SRPT) and lowered its price target to $45.00 (from $60.00). The change follows an announcement by the company that the FDA views an Eteplirsen NDA as premature. Analyst Christopher N. Marai expects a larger trail than anticipated.
"We now anticipate that given FDA guidance and few other validated endpoints that SRPT will run a large randomized Phase III trial with a 6MWT endpoint. An FDA meeting regarding the trial design is expected in November. We would point to the ataluren trial in 220 patients 7 years old as the most likely trial design for SRPT's Phase III. SRPT guided to first patient dosing potentially as early as Q2:14. We estimate that a 220 patient trial could enroll in approx. 1 year and would roughly cost $30M," said Marai.
"We are lowering our price target to $45 per share from $60 to account for a delay in eteplirsen's launch due to a larger trial that may take longer to enroll. We now estimate that eteplirsen sales could begin in H1:17, vs. '16 our previous estimate, following a delay due to enrollment of what we anticipate will be a larger than expected PIII trial," he added
Multiple sources have confirmed to The Capitol Forum that the FTC has launched a nonpublic investigation into Questcor's acquisition of the U.S. rights to Synacthen. Unlike previous investigations into non-reportable pharmaceutical transactions , which have taken two years or longer , we believe that the FTC investigation will move according to an accelerated timeline. As a result, an FTC decision, either to close its investigation or move to unwind the deal , could come within months, not years. Key points for shareholders to consider include:
Investigation . Multiple sources have confirmed that the FTC has initiated an investigation into Questcor's acquisition of the U.S. rights to Synacthen.
Political pressure. On August 1, Senator Amy Klobuchar, chair of the Senate's antitrust subcommittee , sent a letter to FTC chairwoman Edith Ramirez encouraging the Commission to investigate the deal.
Timing. Given political pressure, public/investor interest , and concern about the effects of a delay of Synacthen's entry into the U.S. market , the timeline of the FTC's investigation may be months, not years. Less
Longs are meek & week. Shorts rule...Lol