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Technology Stocks : Baidu (BIDU)
BIDU 123.82+2.8%Dec 19 9:30 AM EST

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To: Lahcim Leinad who wrote (1572)9/2/2011 9:44:21 PM
From: manalagi   of 2098
 
Not so fast. Robin Li said that the new feature on its website website may have a negative effect:

Baidu Inc. said new features on its website may erode search-engine traffic, the main revenue source for China’s biggest Internet company by market value.

“Baidu relies on search traffic volume to make money,” Chief Executive Officer Robin Li said today. “The new homepage may have a negative impact on search traffic volume, but it is OK because it is good for users, and will in the long-term benefit Baidu.”

http://www.bloomberg.com/news/2011-09-02/baidu-s-new-homepage-may-affect-search-traffic-volume-li-says.html?cmpid=yhoo

Another link:

http://finance.yahoo.com/news/Baidu-offers-glimpse-of-new-rb-2172360904.html?x=0&.v=6
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