She is not like Kim K. Totally different game model, based on singing. Not personality. It will attract a minor audience and then fade out even faster than KKH. KKH was a genius move; the best you could hope for in a freemium gaming model. That's why DeMasi did it first. Low hanging fruit. It's all downhill from here. I would sell in AH into this news if I had shares.
Major flop. If you even recall that game's 5 minutes of fame. Was supposed to reproduce successful model of KKH. Didn't even come close.
Can you understand that in the eyes of GLUU and their earnings potential, 1 Kim follower is worth 50 Katy followers?
Cane, how would the glasses work with Netflix, would it just be used for 3D movies? I think the subset of 3D movies that are in the Netflix download catalog is neglible. Also, the entertainment industry already tried 3D TV that uses 3D glasses, and the consumer did not embrace the glasses for home viewing. If the consumer wasn't willing to wear glasses for 3D viewing, why would they wear glasses for regular 2D content. In other words, I'm not sure what Vuzix glasses has to offer the Netflix subscriber. Am I missing something?
Thanks for your thoughts. When I think about the prevalence of streaming video, I can imagine a definite need for the video/headphone glasses in a mobile setting. For example, passengers in a car/train/plane could each watch their own selected streaming content approximating a big screen hi-def experience without disturbing fellow passengers. That would be something.
They used to brag about how Shooter games was their forte. It was their niche. It was the genre in which they chose to compete and dominate. Now look. They change their strategy and branch out into female oriented story games because their shooter games weren't cutting it. (Anyone remember Roboflop?) I've never seen such a schizophrenic company in all my life. Do they even know who they are? Would a Warren Buffet invest in a company that exhibits traits of personality disorder? Seriously.
Cane, nice article. Though the last paragraph contains a disturbing wake up call;
"The evolution of smart glasses is at a very early stage at the present time. No one can be sure that any particular current product line or smart glasses company will survive for long; presumably many will not. In addition, smart glasses compete at some level with the capabilities provided by the Internet-of-Things (IoT). The balance among the IoT, wearable computing, and conventional smartphone/tablet computing has yet to be worked out by the marketplace."
This was my original concern with Vuzix all along. I think I'm ready to discount the probability of Vuzix's consumer market success down to almost zero. Especially once Apple, Samsung, etc get rolling with their respective smart glass offerings. I feel pretty confident that anybody who currently owns an iPhone will not choose a Vuzix over an Apple iGlass. The Apple ecosystem is just too strong to penetrate. Not sure about Samsung and the rest, but we can write off all current Apple product users who are levered to the Apple Eco-system. If smartglasses ever really gain traction in the consumer market, you know Apple is going to be there. The big brands will win out in the end. Unless Vuzix has grand marketing schemes with a major celebrity spokesperson, I think Vuzix would be wise to give up on the consumer market altogether and just focus all their resources on enterprise solutions. That is why I'm in this stock, and I think it's worth a bet, even though I have already given up on Vuzix entry into the consumer market. I also think counting on a buyout from Apple is just wishful thinking.
Cane, you raise good points. I guess what I'm saying is that I have resolved myself to limiting my optimism to the enterprise market, and any revenue coming from mass consumer market is extra gravy. Even without consumer market, this could still reach $200-$300 million market cap without much of a stretch. So the risk/reward is still pretty good. Being a tiny and relatively unknown brand, I view success in the consumer market as hitting the lottey, and I would love to see that payday. Just not ready to factor that into my calculations. Not yet....
Cooking Fever is a knock-off of Glu's Diner Dash, and Kill Shot is a knock-off of Deer Hunter. Not coincidentally, Deer Hunter and Diner Dash are under pressure in App Annie earnings rank recently. What can GLUU do about knock-offs in the future? They don't seem to have any meaningful answer.
Because most of his subscribers went broke investing in GTAT and DLIA, so now they are living under a bridge or in prison for stealing food to feed their families.
Just as I suspected. No answer from GLUU, and no answer from GLUU investors. Willful ignorance is a poor investment strategy. Sticking head in sand like an Ostrich is no way to go through life.
Okay, so by doing the opposite of what Gomes advised, you were able to avoid ruin. Yet you still support Gomes. You aren't too bright are you.
It's not working. The knockoffs are still active, and stealing potential customers from GLUU.
My point is that Deer Hunter has been suffering badly on the App Annie earnings rank ever since Kill Shot came onto the scene. Historically, DH was always able to hold top 30 rank. Now DH is ranked under 50 for a while now because Kill Shot has decimated Glu's DH customer base, and you can't deny it. The point is there are few barriers to entry, and the competition can just come in and take revenue away from Glu at will. When the market realizes this, it will get priced into the stock sooner or later.
Revenue is down and costs are up. Lost over $3 million on operating basis, which was worse than last year. Will these guys ever turn a profit? Seems a long way off. Years, not quarters. Bookings aren't anywhere near enough to turn the corner. If you guys plan on holding for a gain, better plan on holding for a lifetime. Or two.
Trust me, it is never a good sign when a CFO quits unexpectedly and without giving reason. I wonder how Gomes is going to white wash this one? If he had any sense, he would issue sell rec immediately for red flag.
(b) On February 11, 2015, the Company announced that, on February 6, 2015, Mr. Mark Iserloth delivered notice of his intention to resign from his position as Vice President and Chief Financial Officer of Mattersight Corporation (the "Company"). Mr. Iserloth's resignation will become effective on March 13, 2015, after the filing of Mattersight's 2014 Annual Report on Form 10-K.
By the way, corporate officers don't just up and quit their company when it's on the verge of success and breaking out big. The fact that the CEO didn't even offer the usual obligatory statement trying to explain the reason for departure, is very troubling.
Taken from the disclosure of risk factors in the 10-K:
"Our Executive Vice-President and Chief Financial Officer, Grant Russell, a Canadian citizen, currently has his principal residence in Vancouver, Canada and a second residence in Rochester, New York. If he becomes unable to legally or efficiently travel to and work in the United States, his ability to perform some of his duties could be materially adversely affected."