Not too many people are bringing up the fact that BIDU MISSED their earnings by a penny. It was a smoke and mirrors magic trick that they skirted talking about competition (QIHU) and their SGA costs went up as a result of that but since they raised revenue guidance mutual fund managers are proping up this stock for the time being. Another interesting fact is that BIDU for their last earnings had 10% of revenue came from mobile. It stayed at that same percentage of 10% for the earnings just released. If there's more internet users in China on an ongoing bases AND wireless users are increasing, then where did that growth go??? It came to QIHU and it will be reflected in their earnings on the 15th. This stock went sideways for the last month and a half. It's time to head towards $120...So I am in agreement with the initial poster of this topic as well! Good observation initial poster!
yes thanks for this. I touched on BIDU's earnings making some of these points from their intial release and then listend to the call. They focused on their recent acquisition and skirted competition at all costs and won't break out mobile revenues until they are meaningful which was a total avoidance.