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Mashup: Baidu Delivers, CNET Gets a Reprieve, Meteor Falls on RIM

Posted Apr 25, 2008 01:07pm EDT by Aaron Task in Investing, Electronics, Internet, Media, Morning Mashup
Related: BIDU, CNET, RIMM, AAPL, GOOG, RACK, WDC

The Microsoft-Yahoo drama is dominating the headlines -- and dragging down major averages -- but some smaller tech names are delivering for investors.

Shareholders of Baidu were winners Friday after the so-called "Google of China" reported better-than-expected results and raised guidance. Citigroup upgraded in reaction.

Still, some Baidu shareholders (like Henry) worry that Baidu is taking its eye off the prize (China) by focusing attention and resources on Japan.

CNET Networks would kill to have the kind of "problems" Baidu is facing; the interactive media company reported a loss of 4 cents per share, revenues below expectations, and disappointing guidance. But CNET shares were rising Friday after the firm inked a content agreement with Tech Ticker's parent. The three-year deal is unlikely to satisfy Jana Partners, activist investors who've been agitating for more dramatic change at CNET.

Other tech names on the move include Research in Motion, which fell on a Fortune.com story suggesting a delay in the release date for the Meteor, its purported "iPhone killer."

Mcafee and Rackable Systems were falling after reporting disappointing results and/or guidance. Less obvious is why Western Digital shares are also tumbling despite the drive makers stronger-than-expected results and guidance.

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2 Comments

Yahoo! Finance User
Yahoo! Finance User - Friday April 25, 2008 01:28PM EDT

the messenges provided mostly well imformed and upto the monent as far as the orginary concered.

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nomercedes
nomercedes - Saturday April 26, 2008 01:52PM EDT

I expected Carson Daily to walk out. This looks like MTV used to.

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