Glu Call: Economic Weakness In North America; Adjusts Forecast


imageAlthough revenues hit an all-time high, Glu’s (NSDQ: GLUU) CEO Greg Ballard explained today on the company’s Q2 conference call that it encountered challenges during the period because of the general weakness of the U.S. economy. He said that during the period, even though the company had a light release schedule, they were more impacted by a general slowdown across all of its titles and all U.S. carriers.

Highlights from the call:

— Sales fell short even with its largest customer Verizon Wireless (NYSE: VZ), which may have been impacted by the economy, but also because Verizon started to charge customers a data surcharge who downloaded a game without a data plan. Ballard: “I don’t know how it

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