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DEC

U.S. investors accused forgery prosecution NINETOWNS income of WoW(2)

From United States on December 5, 2009

As can be seen from the financial report, "World of Warcraft" is a major source of profit NINETOWNS, but also to attract investors eye the greatest weight.
NINETOWNS quoted a statement the plaintiff said that the number of players NINETOWNS is based on the actual calculation of the World of Warcraft power leveling revenue, but according to NINETOWNS previously Vivendi Universal Games and the agreement is not directly obtain these NINETOWNS the data, "NINETOWNS for the first time to disclose to investors that the company unable to obtain" World of Warcraft "business accurate financial data." So, he said NINETOWNS disclosure to shareholders of false information, it should be compensation in November 2006 15 to July 2009 between 15 to buy high-priced wow power leveling of American Depositary Shares of the shareholders of the loss.
"In fact, this year's loss of NINETOWNS" World of Warcraft "power of attorney is that it provoked this case the main reason." An industry told reporters.
Loss is not yet reflected the impact of Warcraft July 15, 2009, NINETOWNS amended in 2008 earnings will be in 2008 net profit down to 14.19 million U.S. dollars, compared with February 23, 2009 released 51.06 million U.S. dollars decreased by 72%, which was mainly due to loss of profits World of Warcraft leveling of attorney expires, the same day NINETOWNS fell to 8.34 U.S. dollars.
Litigation by the news of the impact of sharp falls in the NINETOWNS Wednesday Tuesday continued to weaken, to close down 7.8 U.S. dollars. View NINETOWNS stock price performance over the past year, from the highest of 19.39 U.S. dollars / share all the way down to 7.8 U.S. dollars / share, down by a huge margin. Although NINETOWNS continued suppression stock repurchase program to start down, but with little success.
Zhao Feng iResearch Consulting Analysts expect revenue in the third quarter NINETOWNS will continue to decline, and even break billion. According to his analysis, as "World of Warcraft" is June 7, 2009 outage, so the real loss of "WoW leveling" the right to operate the impact of degree of direct embodiment in the third quarter.