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Qihoo 360 Technology Co. Ltd. Message Board

  • pwgunny pwgunny Jan 10, 2014 11:02 AM Flag

    Alibaba's investment in Qihoo was a rumor, but the employees have been restricted from trading the stock??

    I read they were restricted from trading in their stock, this indicates something if it's true. Maybe it is NOT Alibaba, but another company like Google investing into Qihoo.

    I like the China internet sector for the sheer numbers of population and the exploding numbers of internet users coming online. They are also rolling out 4g networks. I know over the long term there will be rumors and accounting scandals, but I still want to own shares of QIHU, SINA, YOKU, and BIDU.

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    • Every publicly traded corporation restricts their employees from trading the stock a few weeks prior to the EPS announcement

    • where did you read that Qihoo employees are restricked? that sounds like a larger rumor than Alibaba/Qihoo. Companies don't usually provide that depth of detail..

      Sentiment: Hold

      • 1 Reply to italiatlt
      • Qihoo 360 Denies Reported Equity Investment by Alibaba

        01/09/2014 | 05:29am US/Eastern

        Recommend:


        0

        BEIJING, January 9, SinoCast -- Media exposure said that Alibaba Group will take stake in Qihoo 360 Technology Co., Ltd (NYSE: QIHU), which surprised many insiders.

        However, the news was denied by vice president of Qihoo 360 in charge of public relations, saying that it is sheer rumor, making no further comments.

        A person close to Qihoo 360 confirmed that the company is planning for capital cooperation, since it has prevented employees from stock trading, which also appeared during the acquisition of Sogou.

        Another insider of Qihoo 360 believed that it is reasonable for Alibaba to take stake in Qihoo 360, since Alibaba is enemy of Baidu and Tencent, thus friend of Qihoo 360.

        THIS WAS FROM AN ARTICLE IN 4TRADERS

 
QIHU
88.16+1.09(+1.25%)Jul 11 4:04 PMEDT

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