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Baidu (BIDU) is partnering with Lenovo, now China's #2 smartphone vendor (per IDC), to offer the...
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Thursday, December 6, 2012, 6:50 PM ETBaidu (BIDU) is partnering with Lenovo, now China's #2 smartphone vendor (per IDC), to offer the LePhone A586, a $158 device running on Baidu's Android-based OS. The A586 sports a 4.5" display and dual-core Qualcomm Snapdragon processor, and supports Baidu's cloud services. It's the kind of product Baidu needs to see more of as it works to improve its mobile search share and ad sales, and is also the kind that has fueled Android's Chinese share gains - the 16GB iPhone 5 sells for over 4x as much unlocked. (other partnerships)
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This news story has 11 comments:
http://bit.ly/TWmPir
seeking alpha page links to lenovo symbols (US stock exchange tickers) were not included in the market current, they are linked above.
Anna
Their P/E is 20 vs their industry average of 19. Buying more here to average your cost down would not be a bad idea. If the P/E falls to 19 or lower, I would definitely buy more. If earnings grow at just 50% next year and they have the same P/E of 20, the price would be $133.50.
I definitely wouldn't sell unless earnings growth began to stall. Otherwise it's only a matter of time before this will be worth a lot more.
HOW or what sources do you draw such a statement.
Heard this from a participant at a Singularity University conference, but because of the bureaucracy, high costs and excessive regulation in the USA vs Cn
Tech giants will shift to China, other BRIC countries for recovery
http://zd.net/WQAUEw
Brazil, Russia, India and China -- the so-called BRIC nations -- are showing budding potential for corporate expansions. Amazon has already spread its wings to Brazil, as has Microsoft, and Lenovo is pushing hard to bring a local PC-building plant in the country, while it remains the most popular PC manufacturer in China, a key market for others to crack.
As market saturation reaches its peak and companies continue to want to expand, higher import taxes are making it nigh on impossible to break into new markets. Companies therefore have to set up shop in these BRIC countries in order to tap into the vast revenue streams. But tougher local regulations will make it difficult, and governments of emerging markets are yet to extend the hand of friendship to these firms. That middle ground could arrive at some point in 2013, allowing for huge profits for the coming year.