Stocks to Watch: BIDU
Baidu is finally fading. If it doesn't show any strength later today, there's a big possibility that Baidu shares are heading to major falloff.
BIDU is trading at 76.34 (-6.9%).
News about Baidu in Briefing.com:
BIDU is trading at 76.34 (-6.9%).
News about Baidu in Briefing.com:
Baidu forecasts a slowdown in revenue growth -- FT
Baidu.com, China's leading internet search company, expects revenues to rise by between 11 and 16 per cent in the third quarter compared with the previous three months, a marked slowing in the new Nasdaq star's sequential sales growth. The revenues mainly come from the sale of advertising links that appear alongside its website's search results, a model that emulates that of global search giant Google.
However, questions have been raised about the sustainability of its "MP3" online music search service, which accounts for more than 20 per cent of traffic to the site but which has been targeted by music publishers for allegedly promoting piracy.
posted by Online Trading at 8/24/2005 09:44:00 AM (PERMALINK)
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