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Baidu, Inc. Message Board

  • curiouscustomer curiouscustomer Feb 9, 2008 11:40 PM Flag

    No new CFO announced, could BIDU miss

    the earnings announcement due to not having the numbers ready?

    No one seems to be discussing if this is a possibility.

    IMO, one must plan for all possible outcomes.

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    • Good point -- a possibility I mentioned before.

      Considering how BIDU has described Wang (the now deceased CFO) as being so critical to the company's operations, a delay in the earnings release would not be surprising.

      (For those not familiar, the company has said in previous SEC filings: "Our future success depends heavily upon the continuing services of the members of our senior management team, in particular our chairman and chief executive officer, Robin Yanhong Li, our chief financial officer, Shawn Wang, and our chief scientist, William Chang.

      If one or more of our senior executives or other key personnel are unable or unwilling to continue in their present positions, we may not be able to replace them easily or at all, and our business may be disrupted and our financial condition and results of operations may be materially and adversely affected.")

      The company could still go forward with the "press release" of the numbers and scheduled conference call this coming week, but the official filing with the SEC could be delayed.

      Those of us who like to dig through a company's SEC filings, not relying on just the "press releases" a company will make regarding its operations, would be quite disappointed with such a delay.


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