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Technology Stocks : Baidu (BIDU)

BIDU 124.40

+0.5%

Dec 22 3:59 PM EST

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To: manalagi who wrote (1348)	3/3/2010 9:10:15 PM
From: Sr K	of 2098

Selling Google, Buying Baidu Helps Scots Fund Beat Competitors By Peter Woodifield March 4 (Bloomberg) -- When Google Inc., owner of the most popular Internet search engine, said on Jan. 12 it may close its Web site in China, Edinburgh money manager James Anderson sold the stock and bought Beijing-based rival Baidu Inc. Since then, Baidu has risen 34 percent and Google has lost 8.5 percent. That kind of call helped propel Anderson’s closed- end fund, Baillie Gifford & Co.’s 1.87 billion-pound ($2.8 billion) Scottish Mortgage Trust Plc, to the best performance among its U.K. peers over the past year. “Google was admitting they had lost in China,” said Anderson, who is Baillie Gifford’s chief investment officer and responsible for 56 billion pounds in total. “It was revealing and added to the imputed value of Baidu.” ... bloomberg.com

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