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Technology Stocks : Baidu (BIDU) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Chiu who wrote (1316)	3/24/2009 11:39:53 AM
From: William F. Wager, Jr.	Read Replies (1) \| Respond to of 2098

March 24, 2009, 9:51 am Baidu: Deutche Bank Says Buy; Sees Possible Double Posted by Eric Savitz Baidu (BIDU) shares are getting a boost this morning from Deutsche Bank analyst Alan Hellawell, who launched coverage of the Chinese search engine company this morning with a Buy rating and a $211 price target. Moreover, he says a “blue-sky scenario” yields a valuation of $432. (Sounds ambitious, although I would note that the 52-week high for the stock is $382.90.) Hellawell notes that the Chinese search market is a duopoly, with 62% market share for Baidu, and 28% for Google (GOOG); he also notes that the market is “still nascent,” and should grow 37% compounded through 2012. “Baidu is poised not only to continue dominating online search but will have significant leverage to expand its footprint across the Internet economy” via network effects, brand equity, technology and monetization advantages and its sales distribution network.” BIDU this morning is up $5.02, or 2.8%, to $187.62. blogs.barrons.com