Mobile display ad network owner Millennial Media (MM -4.5%) appears to be falling in sympathy...

|About: Millennial Media, Inc. (MM)|By:, SA News Editor

Mobile display ad network owner Millennial Media (MM -4.5%) appears to be falling in sympathy with Pandora (P -17.5%), after the latter issued light FQ4 guidance to go with its FQ3 beat, and blamed it advertiser caution about January purchases. Reiterating a Reduce on Pandora, Nomura is concerned the guidance could be a sign of a softening in "new media" ad spending. However, BTIG and Wedbush think company-specific issues are playing a role. (transcript)