Citi initiates coverage on Teva Pharma (NYSE: TEVA) with a Buy. PT $47.00.
Nomura Securities initiates coverage on AVG Technologies (NYSE: AVG) with a Buy. PT $29.00.
Benchmark initiated coverage on Take-Two Interactive (NASDAQ: TTWO) with a Buy rating and a price target of $22.85.
Cirrus Logic, Inc. (NASDAQ: CRUS) 3% LOWER; reported Q2 EPS of $0.84, $0.24 better than the analyst estimate of $0.60. Revenue for the quarter came in at $190.7 million versus the consensus estimate of $181.68 million. Cirrus Logic, Inc. sees Q3 2014 revenue of $200-220 million, versus the consensus of $205.01 million.
Analysts at Barclays downgraded Cirrus Logic (NASDAQ: CRUS) from "equal-weight" to "underweight." The target price for Cirrus Logic is set to $16. Cirrus Logic's shares closed at $24.42 yesterday.
He would respond to his followers
shorts will file suits against muddy for losing big time
Think about it
/f you run your mouth
China Mobile Announces Will License NQ Mobile's Music Search Technology for Migu Mobile Music
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,
Canaccord Genuity maintained a Buy rating on NQ Mobile (NYSE: NQ) with a price target of $29.00. Analyst T. Michael Walkley continues to view the company as well positioned in mobile security and applications.
rvbd will come down to 12
to come up with these allegation.if he said two yrs research ,I can sympathize with him
garbage report and he will be sued big time this time
to teach him a lesson
at garbage method he is using.I do not believe a #$%$ he is saying.He got one or two co right he thinks the god father of shorting
he is full of #$%$ .he said researched the co for two months by working behind doors interviewed 800 Chinese out of 1.5b people .He is full of hot air with his report.how can he claim they have 250k subscribers instead of 6M based on his #$%$ analysis.he lost his #$%$ within last three months and he is funded by short sellers to manup co even though he had hits and misses within last three yrs.