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Stock Market & Financial Investment News

News Breaks
July 3, 2014
08:31 EDTNQNQ Mobile audit committee chair to step down from board
NQ Mobile announced certain changes to its board of directors and provided a status update on its 2013 annual audit. Two new independent Directors, Max Yao and Justin Chen, have been appointed to the board and the audit committee, effective July 6. Max Yao will also serve as chair of the audit committee of the board. Ying Han, the current chair of the audit committee has informed the board that she would be stepping down from the board due to personal reasons not related to her role at the company effective on July 6. "There are no disagreements between Ms. Han in her capacity as chair of the audit committee and the company," NQ stated. "We remain confident in our business, our strategy, and our financials," commented Omar Khan, co-CEO of NQ Mobile. "We believe that the steps we are taking strengthen the collective global experience and expertise of our Board and further enhance our corporate governance."
News For NQ From The Last 14 Days
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August 27, 2015
16:28 EDTNQOn The Fly: Top stock stories for Thursday
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09:26 EDTNQOn The Fly: Pre-market Movers
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August 26, 2015
20:03 EDTNQOn The Fly: After Hours Movers
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18:33 EDTNQNQ Mobile up 56% to $4.75 after entering agreement to sell FL Mobile subsidiary
17:10 EDTNQNQ Mobile enters agreement to sell FL Mobile subsidiary
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17:06 EDTNQNQ Mobile sees Q3 revenue $110.0M-$112.0M, two estimates $118.50M
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17:05 EDTNQNQ Mobile sees FY15 revenue $455.0M-$460.0M, two estimates $449.70M
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17:03 EDTNQNQ Mobile reports Q2 non-GAAP EPS 8c, two estimates 5c
Reports Q2 revenue $102.1M, two estimates $102.00M.
17:00 EDTNQNQ Mobile enters into a binding agreement to sell NationSky
NQ Mobile has entered into legally binding share purchase agreements, which provide for the sale of all of NQ Mobile's interest in the NationSky business, including the entire interest in Beijing NationSky Network Technology, to Hou Shuli, a founder and senior management member of Beijing NationSky, for an aggregate consideration of $80M cash. The NationSky business provides device agnostic managed mobile services, mobile device management services and other mobile SaaS offerings to enterprises. The company's board of directors and audit committee approved the NationSky Agreements and the NationSky Divestment. The NationSky Divestment is expected to close within 60 days.
August 25, 2015
14:50 EDTNQNQ Mobile volatility elevated into Q2 and outlook
NQ Mobile August weekly call option implied volatility is at 183, September is at 129, October is at 104; compared to its 52-week range of 64 to 200, suggesting large near term price movement into the expected release of Q2 results on August 27.

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