News Byte

Wall Street Yawns at Google’s China Deal

“We view this news as a non-event,” writes J.P. Morgan analyst Dick Wei. Wall Street seems to agree, more or less; it has pushed Google shares up a modest two percent in a flat market. More from Wei: “We maintain our view that Google is likely to gradually lose market share in China, with an inferior search experience.”

News Byte

Wall Street Yawns at Google's China Deal

“We view this news as a non-event,” writes J.P. Morgan analyst Dick Wei. Wall Street seems to agree, more or less; it has pushed Google shares up a modest two percent in a flat market. More from Wei: “We maintain our view that Google is likely to gradually lose market share in China, with an inferior search experience.”

Voices

Baidu: Street Estimates Are Heading South

China-based Baidu’s earnings estimates have dropped sharply following the recent controversy involving the company’s connection to some unlicensed medical firms via search-related advertising. One Hong Kong analyst dropped his earnings forecast by five percent for this year and 19 percent for 2009.