Topic: How To Invest

Pat: Can I have your opinion on Glu Mobile? Thanks.

Article Excerpt

Glu Mobile, $4.02, symbol GLUU on Nasdaq (Shares outstanding: 80.5 million; Market cap: $312.5 million; www.glu.com), develops games for smartphones and tablet computers. The company gives its games away for free, and generates revenue by selling a variety of additional content and features to players. Glu also sells advertising that it imbeds in its games. The company’s better-known games include Contract Killer, Deer Hunter, Eternity Warriors and Frontline Commando. They are playable on a range of platforms, including the iPhone, Android devices, Windows Phone, Facebook and Macintosh computers. Glu just released Pirates of Everseas, a multiplayer game in which players must build a pirate fleet to take into battle and supply an island with the resources they’ll need along the way. Throughout the game, players can invite friends to play, form alliances and engage in quests to earn weapons and resources to protect their fleet. The company has also announced that it is partnering with Kim Kardashian to develop a new celebrity lifestyle game…