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Monday, Jul 1
Qihoo (QIHU +1.9%) is beta-testing a mobile search engine to go with Wi-Fi routers and...
Qihoo (QIHU +1.9%) is beta-testing a mobile search engine to go with Wi-Fi routers and English-language versions of its 360 PC/mobile security apps, says Stifel, which calls the company "in the midst of an innovation wave" and is raising its PT to $55. The launch of a mobile search engine would amount to additional competition for Baidu (BIDU -1.9%), which now has 100M+ mobile search daily users (monetization is still a work-in-progress). An English version of Qihoo's 360 Mobile Safe app would likely compete with NQ Mobile's (NQ +4.6%) apps. (Baidu PC security app)