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Baidu (BIDU) is consulting with lawyers regarding the workings of Qihoo 360's (QIHU) new search...

Baidu (BIDU) is consulting with lawyers regarding the workings of Qihoo 360's (QIHU) new search engine, Chinese tech blogs report. It's unknown whether Baidu is seriously thinking of suing Qihoo, or just performing a normal check. Sohu's (SOHU) Sogou unit has suggested there's a 38% match between Qihoo and Baidu's results. Baidu has sold off on worries about the impact of Qihoo's search engine, whereas Qihoo shares (also benefiting from a strong Q2 report) have soared this week.
Comments (6)
  • anytime one is "consulting with lawyers" is smack with trouble.
    "I would advise". to stand back...
    23 Aug 2012, 06:32 AM Reply Like
  • too soon to tell what it means
    23 Aug 2012, 07:30 AM Reply Like
  • It means that I bought QIHU (I keep my BIDU shares) because they seem to be a threat to BIDU.
    23 Aug 2012, 01:17 PM Reply Like
  • Absolutely blank about BIDU's future. I wish I had not bought it. Having bought it at wrong time, kept thinking to sell. But due to my procrastination in selling, I am caught lying down. Now my loss is more than 15%.
    Can any body tell me either to sell it or wait?
    31 Aug 2012, 03:43 AM Reply Like
  • Wait. This is coming back. You need to learn to be a bit patient. A year is nothing when you own stocks. It only makes sense to sell at a loss when the story is fundamentally broken.

     

    By now I shorted QIHU after reading more about them.
    31 Aug 2012, 06:25 AM Reply Like
  • I have learnt a lesson. Never buy a Chinese stock.
    US and Canadian stocks are more predictable and the companies, by law , are required to disclose everything regarding their accounting and future guidance.
    29 Oct 2012, 01:22 PM Reply Like
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