Earnings Call: Glu Sheds Conservative Approach To Smartphones; 40 Percent Of Efforts Focused There

By Tricia Duryee Feb. 11, 2009, 4:50am Comments Off

imageGlu Mobile (NSDQ: GLUU), a worldwide mobile games publisher and distributor, said during its call today that it remains committed to selling games through carriers, but is playing catch-up when it comes to building games for “next-gen” platforms, such as the iPhone, Android and N-Gage platforms. The new focus comes at a time when the company continues to lose money, is reducing headcount and is being forced to trim back on expenses in order to afford the remaining payments it must make from an acquisition. Here’s highlights from today’s call:

Earnings release | Earnings call (4:30 PM ET)

– Attention to new platforms: Glu’s CEO Greg Ballard said that 30-40 percent of their studios’ time is focused on next-gen platforms, like the iPhone, Android and N-Gage platforms. “We