Today, Glu Mobile provides more than 140 wireless games for the mobile phone market.
Glu Mobile shares are down sharply in late trading Thursday on weaker-than-expected Q4 guidance.
As it builds up its business, Glu Mobile is also now working to streamline its technology further.
Glu Mobile will be first out the gate, turning on subscriptions in properties like Frontline Commando, but we're sure plenty of others will follow.
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Glu Mobile shares are trading sharply higher Wednesday morning on what would appear to be speculation that the mobile gaming company could be a takeover target.
Glu Mobile this after posted better-than-expected Q4 financial results, but Q1 guidance fell well short of Street expectations, and stock is trading slightly lower after hours.
FORBES: Glu Mobile Q4 Edges Estimates, But Q1 Guidance Misses
Since then, Glu Mobile has gone public and over the past two months, Ballard and I have talked on the phone and had lunch in New York.
Overall, given the outlook for strong growth in the mobile gaming market and the smart steps that Glu is taking to expand its business, I think shares of Glu Mobile are attractive.
Relan says that a number of the developers who have used OpenFeint on the iPhone plan to use it for games on Android as well, like Glu Mobile, Digital Chocolate and Hudson Entertainment.
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And that seems to be giving a big lift this morning to shares of Glu Mobile, a San Francisco-based company that provides games for the iOS, Android, Palm and Windows Phone 7 platforms.
The wireless carriers keep a percentage of the fee (generally between 30% and 50%) and the rest goes to Glu Mobile, which is booked as net revenue, for its own games, or shared with the company that owns the game.
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