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Baidu's (BIDU +1.8%) Chinese search share stood at 70.5% as of March 20, down from 71.5% at the...

Baidu's (BIDU +1.8%) Chinese search share stood at 70.5% as of March 20, down from 71.5% at the end of 2012, estimates T.H. Capital. Qihoo (QIHU -1.4%), by contrast, is believed to have grown its share to 13.5% from 10.4% over this time. Nonetheless, the firm thinks Baidu's page views and unique visitors respectively grew 0.9% and 0.6% in Q1, which it thinks could bode well for Q1 revenue. Separately, Sina Tech reports Baidu is working with Qualcomm (QCOM) on a Google Glass-like product called Baidu Eye. (Citi report)
Comments (1)
  • markhen111
    , contributor
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    i think the market has unfairly depressed BAIDU's stock price. I have a ton of it....and expect it to be in mid 90's by August 30. Today, I saw where the reported short interest increased dramatically in 1Q2013. That accounts for the unusually harsh sell off from $110 to $85. Don't expect to see $100 for a year, but mid $90's in a few months seems reasonable. I will sbegin to cale back my holdings to a reasonable level as the price goes over $90.
    3 Apr 2013, 02:29 AM Reply Like
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