If you take out business computing where everything is on network and search is mostly forbidden, That only personal computing to monetize, which unfortunately is moving into mobile. Monetizing mobile is like advertising on postage stamps.
So unless search engines also drive corporate networks the search market is dead and dying revenue machine which is reflected in BIDU,s price.
Google is way ahead by diving into operating systems that gives it leverage into mobile advertising. So BIDU is dead stock for forseeble future and this train is stopping next at station 80 in the next 3 months. That my dear watson is the most elegant analysis ever provided on a message board and take it run with it and live Long and prosper.
The only way that BIDU shares are going to go down further is if they actually lose money at their next earnings announcement, which isn't going to happen. From a GARP perspective, this is fantastic entry point.