Can Jamdat Survive the Hype?
"Even prior to the release of its third-quarter earnings, investors clearly had high -- no, make that stratospheric -- expectations from new issue Jamdat Mobile (Nasdaq: JMDT), a publisher of mobile games and wireless entertainment. The company closed yesterday at $32.35, valuing it at more than $600 million, or 25 times trailing sales."
"Even prior to the release of its third-quarter earnings, investors clearly had high -- no, make that stratospheric -- expectations from new issue Jamdat Mobile (Nasdaq: JMDT), a publisher of mobile games and wireless entertainment. The company closed yesterday at $32.35, valuing it at more than $600 million, or 25 times trailing sales."
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