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Glu Generates $2.7 Million In Cash In Q3; Will Launch Social Games

mocoNews  Nov 03 09

Glu Mobile (NSDQ: GLUU), the San Mateo, Calif.-based mobile games company, said the company continues to work on turning the business around and achieved its second consecutive quarter of generating cash. The company generated an all-time high of $2.7 million in cash during Q3, ending the period with nearly $10 million in reserves.

Glu said that next generation platforms, like the iPhone and Android, are starting to pick up with revenues from those totaling about $500,000 in Q3. It expects those revenues to double next quarter, comprising a total of 5 percent of all revenues. Full story...

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Americans Love For Texting Drives Qwerty Sales

mocoNews  4 hours ago

U.S. consumers are continuing to base their phone-buying decision on how well the device sends text messages, which is leading to an increase in the number of Qwerty keyboards and touchscreens sold, reports NPD Group, a market research firm.

Mobile Content Bits: InMobi/hi5 In Thailand; Nexage/CPX; O2/Shazam; WorldMate/LinkedIn

mocoNews  6 hours ago

—InMobi/hi5: Mobile advertising network InMobi has signed an exclusive deal with social media site hi5 to serve ads for its mobile site in Thailand.

Rusbridger: 'iPad Could Produce Significant Revenue Streams'

mocoNews  10 hours ago

It’s not exactly a great leap from publishing an iPhone app to offering one on the soon-to-be-released iPad - not only will the former will run on the latter; the skillset for developing the latter won’t be significantly different.

Barnes & Noble's Nook Heads To (Most) Stores

mocoNews  12 hours ago

When Barnes & Noble (NYSE: BKS) announced its Nook e-reader in October, the ability to pursue a dual in-store and online sales strategy appeared to be one of the clear advantages it might have over Amazon (NSDQ: AMZN).

Zagat Books A Table With Foursquare; Restaurant Maven Reaches For Mobile App's Cool Factor

mocoNews  14 hours ago

Location-based social net Foursquare is on a roll when it comes to netting high-profile media partnerships.

Chinese Handset Maker Huawei Will Lean On Opera's Mobile Browser

mocoNews  18 hours ago

Huawei, a China-based wireless infrastructure and handset maker, will pre-install Opera Software’s mobile browser on a range of mobile handsets.

Is Sprint Eyeing More Acquisitions To Become The Prepaid Leader?

mocoNews  19 hours ago

Sprint (NYSE: S) Nextel, which already owns the Boost and Virgin Mobile USA (NYSE: VM) brands, maybe mulling whether to buy MetroPCS Communications so that it can dominate the prepaid wireless space.

After Federal Inquiries, Google Cuts Early Nexus One Termination Fee

mocoNews  20 hours ago

Google (NSDQ: GOOG) has lowered its “equipment recovery fee” to $150 from $350 when customers drop its Nexus One phone before their contract with T-Mobile USA officially expires.

Electronic Arts: Digital Business To Reach $750 Million In Revenue Next Year

mocoNews  21 hours ago

If only the rest of Electronic Arts’ businesses could be doing so well ... During the company’s earnings call Monday, executives said that the company’s digital business was “growing very rapidly and (is) profitable” (Executives had said during a call last quarter that digital was in fact now the most profitable part of EA’s business).

T-Mobile USA Launches Mobile Storefront Using SurfKitchen

mocoNews  21 hours ago

SurfKitchen, the UK provider of storefront services to carriers, has launched its first deployment in the U.



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