Link to the CC

[admin]

Link to the CC

[tradestar2012]

conference call was great. stock price reaction is plain stupidity. Revenues would have been $800k higher had they kept to reporting on a gross basis instead of net basis for Feiliu. They've also been approached by multiple strategic and financial buyers. Interesting call. Not a fan of market rumors and whatnot, but its pretty clear there are a lot of players on the sidelines looking for an opening. Mgmt's vote control precludes anything but a friendly deal. Nationsky is also going gangbusters. I'm a little concerned with the sequentially slow growth in consumer mobile, but given americanmovile just kicked in and latin america expected to be an ongoing rollout, hoping consumer mobile starts to pickup speed.

[admin]

Difficult to disagree with that, tradestar.

[admin]

Link to the CC transcript

[sfiaes]

" I'm a little concerned with the sequentially slow growth in consumer mobile,"

From the release:

"Consumer Mobile Security revenues increased 50.7% year-over-year and 6.6% sequentially to $20.9 million in the first quarter of 2013. "

What were you looking for?

I need to listen to the call again, but I thought somebody said ARPU was actually up a little bit sequentially.

They did say that they would keep investors up to date on the metrics coming out of the Mexican launch.

[tradestar2012]

6.6% sequential growth is a bit low given their historical average north of 10%. The last 2 quarters have shown a slight sequential slowdown. YoY growth is fine. 1Q is a slower period for phone sales so I guess its probably not as big an issue.

[sfiaes]

So the problem is, they are less and less effective at up selling the freeloaders to paid services. Particularly in China.

The big question then is, will the Latin American market reverse that? Along with Feiliu and Nationsky.