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Technology Stocks : Baidu (BIDU)

BIDU 123.85

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From: Paul Chiu	7/23/2008 1:19:12 AM
	of 2098

by John Liu July 23 (Bloomberg) -- Baidu.com Inc., operator of China's most-used online search engine, may say second-quarter profit rose 65 percent after widening its lead over Google Inc. in the world's biggest Internet market by users. Net income probably rose to 233.5 million yuan ($34.2 million), according to the median of seven analyst estimates in a Bloomberg survey. Sales probably doubled to 793.3 million yuan in the second quarter, according to the survey. Baidu's share of the Chinese Internet search market rose to 64.4 percent in the second quarter from 58 percent a year earlier, according to Analysys International. Google's share climbed to 26.1 percent from 23 percent, the Beijing-based researcher said. The companies together control 90 percent of the market in China. Figures in the following table are in millions of Chinese yuan. Estimates given in dollars were converted at a rate of 6.8287 yuan to the U.S. currency. Baidu is scheduled to report earnings after the end of Nasdaq Stock Market trading on July 23. *T 2Q 2008 2Q 2007 Change High Low Estimate Actual Estimate Estimate Sales 793.3 401.3 97.7% 811.2 771.6 Net Income 233.5 141.9 64.6% 279.6 214.4

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