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http://www.lightreading.com/mobile/services-apps-mobile/sprint-
http://www.streetinsider.com/Analyst+Comments/Sprint+%28S%29+De
http://www.streetinsider.com/Corporate+News/NQ+Mobile+%28NQ%29+
Sprint (S) Deal a 'Strong Endorsement' for NQ Mobile (NQ), Canaccord Genuity
Says
NQ Mobile (NYSE: NQ) is solidly higher on the session (+12.9%) amid the
company's deal with Sprint to power Sprint’s next-generation Sprint ID
offering on all new Sprint Android-based smartphones in the U.S. with its NQ
Live mobile desktop technology. Canaccord Genuity analyst T. Michael
Walkley said the deal is a strong endorsement for NQ's 'always on',
interactive and usable home screen offering.
"We believe this collaboration represents NQ's first ever tier-1 U.S.
carrier partnership and view the win as a strong endorsement of the NQ Live
product and NQ Mobile overall given Sprint's stringent technology/security
requirements, , particularly for foreign vendors," Walkley comments.
He added, "The Sprint deal adds to a sizable list of Chinese OEMs and
carriers partners for NQ Live, and we believe NQ Live represents another
high-potential user acquisition and monetization channel for NQ long term.
Overall, we believe NQ Mobile is well positioned in the mobile security and
applications markets given its market share in China, expanding global
international deal pipeline and customer base, and broadening product,
services, and advertising portfolio."
The firm reiterated Buy a rating and price target of $29.
In an amended 13G filing on NQ Mobile (NYSE: NQ), hedge fund Altimeter
Capital Management, LLC disclosed a 9.85%, or 21,469,470 share, beneficial
stake in the company. This is up 16.24% from the 18,469,470 shares held at
the end of the latest quarter ending December 31, 2013.
The beneficial ownership of each Reporting Person is as follows: (i) the
Fund beneficially owns 21,469,470 Class A Shares representing approximately
9.85% of the class; and (ii) the Investment Manager, as the investment
manager of the Fund, and Mr. Gerstner, as the sole managing member of the
Investment Manager, each beneficially own 21,469,470 Class A Shares of the
Issuer,representing approximately 9.85% of the class.All
ownershippercentages of the securities reported herein are based upon a
total of 217,867,991 Class A Ordinary Shares of the Issuer, including
American Depositary Shares,outstanding as of September 30, 2013.
Sprint Taps NQ Mobile for Android ID Refresh
Sprint is teaming up with NQ Mobile to give the Android personalization
program it first began in 2010 a facelift, the carrier said on Wednesday.
Sprint ID was first introduced at CTIA in 2010, promising a new way to
customize Android smartphones and surface apps in ways that are relevant to
its customers' interests. Since its initial launch, Sprint Corp. (NYSE: S)
has introduced Sprint ID packs with ESPN, MTV, Disney, and E!, as well as
for fitness and for deaf people, among others. (See CTIA 2010: Sprint Finds
an ID, Sprint Announces Sprint ID, MTV Makes a Sprint ID, Sprint Adds E! ID
Pack for Android, Sprint Offers App Pack for Deaf People, Sprint Launches
Disney Jr Mobile App Pack, and Sprint Offers Fitness ID Pack.)
The ID packs were enough to wow our erstwhile Editor-in-Chief Phil Harvey,
who pointed out at the time that they'd be useful to corporations that
wanted to create a page just for their employees. (See Android
Transformation.)
Mobile Internet services provider NQ Mobile will be managing production of
the Sprint ID packs now in a bid to take it to the next level. The two
companies said they have "signed a definitive agreement to collaborate and
deliver the next generation of Sprint ID, powered by NQ Live, on all new
Sprint Android-powered smartphones in the US market later this year."
NQ Live replaces the wallpaper on Android devices, constantly refreshing
with new content tailored around the theme of the ID pack. The company says
that, unlike the past IDs that statically showcased apps, widgets, ringtones
, and wallpapers, the new versions, dubbed Sprint Live, will be more
interactive and run in the background as part of the home screen.
Why this matters
Over five years after Android was first introduced, differentiating handsets
from the bunch is still a challenge. Sprint's answer to the issue, IDs, was
a good outlet for its partners that want prime real estate on the home
screen, but hasn't seemed to wow customers. Turning the work over to NQ
Mobile is probably a good call given its experience in interactive
smartphone skins, which could make the home-screen makeover more appealing
to customers -- and enable Sprint to focus on its network issues for the
foreseeable future. |
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