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While Baidu closes lower following a Barclays downgrade, Qihoo (QIHU +2.6%) has made new highs...
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Monday, January 7, 4:03 PM ETWhile Baidu closes lower following a Barclays downgrade, Qihoo (QIHU +2.6%) has made new highs again with the help of a bullish note from Maxim Group. The firm says its checks indicate Qihoo has begun selling search ads, and may have also signed a rumored ad deal with Google. Maxim sees Google contributing to Q1 revenue, and expects Qihoo's split from the deal to be higher than the 33% it received for redirecting traffic to Google search from its browser.
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