it's not a blow-away earning. but, isn't QIHU still holding its ground as a top growth company? unlike tesla, it's still growing at 100%. Next year, if it does occupy 30% market share, the income from search could really ramp up in the second half of 2014.
maybe stifel is right. QIHU will cool for a while. but it will pick up again in middle of 2014.
Actually tiany earnings was a blow-out. Qihu came in at the mid-top end of the revenue range but Wall Street always wants more. If qihu couched the number by giving a more conservative figure then shares would have rallied over $100. Its a big bad game that I'm well informed. I was on the other side once in this game. I don't think its dead money and Bidu def. isn't the answer. They are losing so much marketshare and momentum to Qihu its crazy. I think she will hold up once she finds her level of comfort trading.
I wouldn't compare qihu to a burning car on the side of the road, and I never understood the market's constant high flyer comparison to tsla. Stifel was almost waiting to downgrade regardless, looking for QIHU to guide in q4 for a Pie in the Sky $226 million. I think many are waiting on JPMorgan, who seem to be trying to determine which way the wind is blowing.