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Wireless

Gowex to take action against critical Gotham City report

Wednesday 2 July 2014 | 09:08 CET | News
Spanish wireless internet services provider Gowex has pledged to take legal action against US research firm Gotham City Research, accusing it of spreading false rumours about the company to push down its share price. Gowex shares ended the day 46.2 percent lower, after plummeting as much as 61 percent following the publication of the Gotham City report accusing Gowex of overstating its sales and operations. Based largely on circumstantial evidence, the research firm said that "actual" revenue from Gowex is at most 10 percent of its reported figures, which were EUR 183 million in 2013, and

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Categories: Mobile & Wireless
Companies: Cisco / Gowex
Countries: Spain
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