Baidu.com - NASDAQ: BIDU crashed - dieses Jahr noch unter 30 US Dollar? (Seite 193)

[Boersi]

Antwort auf Beitrag Nr.: 25.045.844 von Boersi am 31.10.06 20:00:08

Hier steckt die große Phantasie!

Marktkapitalisierung Google: 146 Mrd. US$

Marktkapitalisierung Baidu: 3 Mrd. US$


...und dazu diese Empfehlung:

http://www.finanznachrichten.de/nachrichten-2006-10/artikel-…


...weitere News unter:

http://www.finanznachrichten.de/nachrichten-aktien/baidu-com…

[Boersi]

Hab mir grad mal ne kleine Posi reingelegt. Sieht charttechnisch sehr interessant aus!

Siehe auch:
http://www.wallstreet-online.de/dyn/community/thread.html?th…

[leiro1]

Antwort auf Beitrag Nr.: 23.125.235 von Geduld am 27.07.06 22:10:19

finanzen.net
Geldanlage-Report- Kolumne: Baidu.com - Die Google Chinas
Freitag 22. September 2006, 13:41 Uhr


Gut ein Jahr nach dem sensationellen IPO an der NASDAQ (NASDAQ: Nachrichten) hat die Baidu-Aktie nichts von ihrer Magie verloren. Bei welchem Preis Sie zuschlagen können.
Auch Aktien mit phänomenalem und gleichzeitig profitablem Wachstum können zu teuer sein - selbst wenn sie dazu noch als Chinas Antwort auf Google (NASDAQ: GOOG - Nachrichten) gehandelt werden. Diese Erfahrung mussten Aktionäre machen, die Anteilsscheine von Chinas Internet-Suchmaschine Nummer eins, Baidu.com, unmittelbar
nach dem IPO gekauft haben. Im August letzten Jahres stieg die Aktie am ersten Han-delstag um schier unglaubliche 354 Prozent. Für einen Moment fühlten sich viele Trader in glorreiche Internetzeiten zur Jahrtausendwende zurückversetzt.

Der Kater nach dem Rausch

Doch die Freude währte nur kurz. In den Monaten darauf drittelte sich der Kurs der damals überbewerteten Aktie wieder. Wie hoch die Erwartungen an Baidu sind, zeigte auch die Reaktion des Marktes auf die am 26.Juli veröffentlichten Zahlen fürs zweite Quartal: Trotz einer Vervierfachung des Gewinns auf 7,3 Millionen US-Dollar bei einem Umsatzanstieg von 175 Prozent auf 24 Millionen US-Dollar, knickte die Aktie nachbörslich um über 15 Prozent ein.

Google bisher ohne Chance

Trotzdem spricht vieles für Baidu: China ist der zweitgrößte Internetmarkt der Welt und Baidu nahm Konkurrent Google dort konstant Marktanteile ab. Noch 2003 bevorzugten 35 Prozent der Chinesen Google gegenüber 31 Prozent, die Baidu verwendeten. Im letzten Jahr lag Baidu bei 57 Prozent, Google nur noch bei 33 Prozent. Bei den durch Suchmaschinen-Werbung generierten Umsätzen fiel Google mit nur noch 17 Prozent abgeschlagen auf den dritten Platz zurück. Noch hinter Yahoo China/Alibaba. Baidu liegt hier bei 44 Prozent.

Durch strategische Allianzen mit großen Namen wie IBM (NYSE: IBM - Nachrichten) , Intel (NASDAQ: INTC - Nachrichten) , Nokia (Stockholm: NOKI-SDB.ST - Nachrichten) und Hewlett-Packard erschließt CEO Robin Lee neue Umsatzquellen. Auch wenn es zu einem erbitterten Kampf um Marktanteile kommt: Die Ausgangslage von Baidu ist glänzend. Das Suchmaschinengeschäft wächst in China laut Morgan Stanley (NYSE: MS - Nachrichten) bis 2009 um 50 Prozent jährlich. Das rechtfertigt die hohe Bewertung.

Unser Fazit

Baidu ist mit einem 2007er-KGV von 49 teuer, aber nicht zu teuer. Stauben Sie die Aktie bei Kursschwäche im Bereich 55 bis 58 Euro ab!

Chancen

- Marktführer in China

- Extrem schnelles Wachstum

- Höchst profitables Geschäft

- Vorteil weil einheimische Firma

Risiken

- Harter Konkurrenzkampf

- Hohes Bewertungsniveau

- Charttechnisch "im Niemandsland"

Armin Brack ist Chefredakteur des Geldanlage-Reports. Gratis anmelden unter: www.geldanlage-report.de. Der obige Text spiegelt die Meinung des jeweiligen Kolumnisten wider. Die Smarthouse Media GmbH übernimmt für dessen Richtigkeit keine Verantwortung und schließt jegliche Regressansprüche aus.

[Geduld]

Gap down! - die 100 US Dollar bleiben Wunschdenken.

[roi1975]

nachbörslich 15% gefallen....

Baidu qtrly results jump, but shares fall 15 pct

SAN FRANCISCO, July 26 (Reuters) - Chinese Web search leader Baidu.com Inc. (BIDU.O: Quote, Profile, Research) said on Wednesday its quarterly profit rose by nearly five times and forecast that its third-quarter revenue could almost triple.

The Beijing-based company posted a second-quarter profit of 58.5 million yuan ($7.3 million), or 1.69 yuan per diluted share (21 cents), compared with the year-earlier quarter's 12.1 million yuan ($1.5 mln), or 0.39 yuan per share.

The latest quarter profit was 22 cents per basic share. The reported earnings were squarely in line with analysts' consensus expectations.

The results appeared to disappoint investors, who drove the stock down around 15 percent to $78.00 in extended trade following the report.



Revenue jumped 175 percent to 191.6 million yuan, or $24.0 million.

(US$=7.987 yuan)

(Additional reporting by Kirby Chien in Beijing)

[roi1975]

Baidu Announces Second Quarter 2006 Results


2006-07-26 16:59 ET - News Release


BEIJING, July 26 /PRNewswire-FirstCall/ -- Baidu.com, Inc. , the leading Chinese language Internet search provider, today announced its unaudited financial results for the quarter ended June 30, 2006.(1)

Second Quarter 2006 Highlights

-- Total revenues increased by 41.3% sequentially or 174.9% year-over-year
to RMB191.6 million ($24.0 million).

-- Net income increased by 65.9% sequentially or 385.2% year-over-year to
RMB58.5 million ($7.3 million). Basic and diluted earnings per share
("EPS") were RMB1.76 ($0.22) and RMB1.69 ($0.21), respectively.

-- Net income, excluding share-based compensation expenses (non-GAAP), was
RMB70.2 million (US$8.8 million). Basic and diluted EPS, excluding
share-based compensation expenses (non-GAAP), were RMB2.11 ($0.26) and
RMB2.03 ($0.25), respectively.

-- The number of active online marketing customers grew to more than
90,000, an increase of 21.6% from the previous quarter.

"We are very pleased Baidu has maintained its revenue growth momentum and achieved another quarter of excellent results," said Robin Li, Chairman and CEO of Baidu. "Our focus on providing the best user experience continues to drive traffic growth and our expanded sales force contributed to a substantial boost in our active customer base."

"Our community-based search products, including Baidu Post Bar, Baidu Knows and Baidupedia, have become increasingly popular because they make users stay connected while searching online. In July, we launched Baidu Space, which allows users to create personalized homepages on Baidu and integrate their use of other Baidu search products in one place. We will continue to develop products tailored to user needs to ensure that Baidu remains the search engine of choice in China," added Mr. Li.

"Our active customer base grew significantly in the second quarter due to expansion of our sales force and increased awareness of Baidu's pay-for- performance services," said Shawn Wang, Baidu's CFO. "In addition to customer base expansion, further optimization in monetization algorithm also contributed to strong revenue growth."

"The scalability of our business was once again demonstrated by margin increase during the quarter while we continued to invest heavily in the fundamental growth drivers of our business to facilitate long term sustainable growth," Mr. Wang continued.

Second Quarter 2006 Results

-- Baidu reported total revenues of RMB191.6 million ($24.0 million) for
the quarter ended June 30, 2006, representing a 41.3% increase from the
previous quarter and a 174.9% increase from the corresponding period in
2005.

-- Online marketing revenues for the second quarter were RMB189.1 million
($23.7 million), representing a 43.2% increase from the first quarter
of 2006 and a 183.3% increase from the second quarter of 2005. The
growth was driven by the increase in the number of active online
marketing customers, which increased by 21.6% from the first quarter of
2006 to more than 90,000 for the second quarter. Customer expansion was
driven by expansion of the direct sales force and the increased
effectiveness of the Company's direct sales offices and distributor
network. Revenue per online marketing customer for the second quarter
increased to RMB2,081 ($260.3) from RMB1,774, a sequential increase of
19.3%.

-- Traffic acquisition cost (TAC) as a component of cost of revenues was
RMB17.6 million ($2.2 million), representing 9.2% of total revenues,
compared to 9.1% in the first quarter of 2006. TAC remained largely
unchanged as a percentage of revenues.

-- Selling, general and administrative expenses for the second quarter
were RMB58.7 million ($7.3 million), representing an increase of 16.7%
from the previous quarter and an increase of 110.1% from the second
quarter of 2005.

-- Research and development expenses were RMB18.3 million ($2.3 million),
representing a 17.5% sequential increase and a 111.3% increase from the
corresponding period in 2005, primarily due to headcount increase.

-- Share-based compensation expenses, which were allocated to related
expense line items, decreased in aggregate to RMB11.7 million ($1.5
million) in the second quarter of 2006 from RMB12.8 million in the
previous quarter.

For the full year, we expect share-based compensation expenses for awards granted to employees prior to July 1, 2006 to be RMB37.6 million. This amount does not include expenses to be recognized over the remainder of the year related to awards granted to employees after July 1, 2006 or awards granted to non-employees that have been or may be granted.

-- Operating profit was RMB58.0 million ($7.3 million), representing a
115.4% increase from the first quarter of 2006 and a 384.7% increase
from the second quarter of 2005. Operating profit excluding share-based
compensation expenses (non-GAAP) was RMB69.7 million ($8.7 million) for
the second quarter of 2006, a 75.4% increase from the previous quarter
and a 284.5% increase from the corresponding period in 2005.

-- Net income was RMB58.5 million ($7.3 million), representing a 65.9%
increase from the previous quarter and a 385.2% increase from the
second quarter of 2005. Basic and diluted EPS for the second quarter of
2006 amounted to RMB1.76 ($0.22) and RMB1.69 ($0.21), respectively.

-- Net income excluding share-based compensation expenses (non-GAAP) was
RMB70.2 million ($8.8 million), a 61.6% increase from the previous
quarter and a 285.3% increase from the second quarter of 2005. Basic
and diluted EPS excluding share-based compensation expenses (non-GAAP)
for the second quarter of 2006 was RMB2.11 ($0.26) and RMB2.03 ($0.25),
respectively.

-- As of June 30, 2006, the Company had cash and cash equivalents of
RMB1.1 billion ($133.2 million). Net operating cash flow and capital
expenditures for the second quarter of 2006 were RMB129.7 million
($16.2 million) and RMB41.1 million ($5.1 million), respectively. The
increase in capital expenditures was primarily due to expenditures
incurred to support significant traffic growth during the quarter.

-- Adjusted EBITDA (non-GAAP), which is defined as earnings before
interest, taxes, depreciation, amortization, other non-operating
income, and share-based compensation expenses, were RMB85.0 million
($10.6 million) for the second quarter of 2006, representing a 62.7%
increase from the previous quarter and a 243.0% increase from the
corresponding period in 2005.

Outlook for Third Quarter 2006
Baidu currently expects to generate total revenues in an amount ranging from RMB238 million ($30 million) to RMB246 million ($31 million) in the third quarter of 2006, representing a 168% to 177% increase from the corresponding period in 2005. This forecast reflects Baidu's current and preliminary view, which is subject to change.

Conference Call Information

Baidu's management will hold an earnings conference call at 9 PM on July 26, 2006 U.S. Eastern Daylight Time (9 AM on July 27, 2006 Beijing/Hong Kong time).

Dial-in details for the conference call are as follows:

US: [phone]
UK: [phone]
Hong Kong: [phone]
Passcode for all regions: 85731630

A replay of the conference call may be accessed by phone at the following number until 11 PM on July 29, 2006 U.S. Eastern Daylight Time.

International: [phone]

Passcode: 57179833

Additionally, a live and archived webcast of this conference call will be available at http://ir.baidu.com.

About Baidu

Baidu.com, Inc. is the leading Chinese language Internet search provider. As a technology-based media company, Baidu aims to provide the best way for people to find information. In addition to serving individual Internet search users, Baidu provides an effective platform for businesses to reach potential customers. Baidu's ADSs, each of which represents one Class A ordinary share, currently trade on the NASDAQ Global Market under the symbol "BIDU".

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook for third quarter 2006 and quotations from management in this announcement, as well as Baidu's strategic and operational plans, contain forward-looking statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our growth strategies; our future business development, results of operations and financial condition; our ability to attract and retain users and customers; competition in the Chinese language Internet search market; competition for online marketing customers; changes in our revenues and certain cost or expense items as a percentage of our revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights; the expected growth of the Chinese language Internet search market and the number of Internet and broadband users in China; and Chinese governmental policies relating to the Internet and Internet content providers. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. Baidu does not undertake any obligation to update any forward- looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of July 26, 2006, and Baidu undertakes no duty to update such information, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement Baidu's consolidated financial results presented in accordance with GAAP, Baidu uses the following measures defined as non-GAAP financial measures by the SEC: adjusted EBITDA, operating profit excluding share-based compensation expenses, net income excluding share-based compensation expenses, and basic and diluted EPS excluding share-based compensation expenses. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to adjusted EBITDA" set forth at the end of this release.

Baidu believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding certain expenses and expenditures that may not be indicative of its operating performance from a cash perspective. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to Baidu's historical performance and liquidity. Baidu computes its non-GAAP financial measures using the same consistent method from quarter to quarter, except that the non-GAAP measures for the quarter ended March 31, 2006 reflected the one-time cumulative effect of change in accounting principle due to our adoption of SFAS 123(R) since January 1, 2006. We believe these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using non-GAAP operating profit excluding share-based compensation expenses, net income excluding share-based compensation expenses, and basic and diluted EPS excluding share-based compensation expenses is that these non-GAAP measures exclude share-based compensation charge that has been and will continue to be for the foreseeable future a significant recurring expense in our business. A limitation of using non-GAAP Adjusted EBITDA is that it does not include all items that impact our net income for the period. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.

(1) This announcement contains translations of certain RMB amounts into
U.S. dollars at specified rates solely for the convenience of the
reader. Unless otherwise noted, all translations from RMB to U.S.
dollars are made at a rate of RMB7.9943 to US$1.00, the effective noon
buying rate as of June 30, 2006 in The City of New York for cable
transfers of RMB as certified for customs purposes by the Federal
Reserve Bank of New York.


Baidu.com, Inc.
Condensed Consolidated Balance Sheets

June 30, December 31,
(in RMB thousands) 2006 2005
Unaudited Audited

ASSETS
Current assets:
Cash and cash equivalents 1,064,466 900,593
Accounts receivable, net of
allowance 20,247 22,353
Prepaid expenses and other
current assets 32,567 10,957
Deferred tax asset, net of
valuation allowance 1,186 1,449
Total current assets 1,118,466 935,352

Non-current assets:
Fixed assets, net 124,854 96,420
Prepayment for land use rights 77,200 77,200
Intangible assets, net 15,987 13,303
Goodwill 17,785 9,287
Investments 1,999 2,018
Deferred tax asset, net of
valuation allowance 4,435 2,843
Other 3,746 -
Total non-current assets 246,006 201,071

TOTAL ASSETS 1,364,472 1,136,423

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accrued expenses and other
liabilities 103,488 53,137
Customers' deposits 114,336 70,327
Deferred revenue 6,093 7,658
Deferred income 2,866 124
Total current liabilities 226,783 131,246

Non-current liabilities:
Long-term payable 7,000 -
Deferred income 2,699 124
Total non-current liabilities 9,699 124

Total liabilities 236,482 131,370

Shareholders' equity
Class A ordinary shares, par value
US$0.00005 per share, 825,000,000
shares authorized and 16,783,952
shares issued and outstanding as
at June 30, 2006 and 9,460,426
shares as at December 31, 2005 7 4
Class B Ordinary Shares, Par value
US$0.00005 per share, 35,400,000
shares authorized and 16,664,476
shares issued and outstanding as
at June 30, 2006 and 23,485,336
shares as at December 31, 2005 7 10
Additional paid-in capital 1,047,215 1,009,488
Foreign currency translation
adjustment (13,951) (5,451)
Retained earnings 94,712 1,002
Total shareholders' equity 1,127,990 1,005,053

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 1,364,472 1,136,423


Baidu.com, Inc.
Condensed Consolidated Statements of Income

For the Three Months Ended
(in RMB thousands except for share, June 30, June 30, March 31,
per share information) 2006 2005 2006
Unaudited Unaudited Unaudited
Revenues:
Online marketing services 189,053 66,721 132,052
Others 2,574 2,982 3,522
Total revenues 191,627 69,703 135,574

Operating costs and expenses:
Cost of revenues (note 1, 2) (56,644) (21,148) (42,777)
Selling, general and administrative
(note 2) (58,728) (27,947) (50,329)
Research and development (note 2) (18,268) (8,644) (15,544)
Total operating costs and expenses (133,640) (57,739) (108,650)

Operating profit 57,987 11,964 26,924

Other income
Interest income, net 10,161 920 8,929
Foreign exchange loss, net - - (89)
Other, net 702 342 723
Total other income 10,863 1,262 9,563

Income before income tax and
cumulative effect of change in
accounting principle 68,850 13,226 36,487

Income tax expense (10,380) (1,175) (5,850)

Income before cumulative effect of
change in accounting principle 58,470 12,051 30,637

Cumulative effect of change in
accounting principle - - 4,603

Net income 58,470 12,051 35,240


Earnings per share for Class A and
Class B ordinary shares:
Basic EPS
Basic (prior to cumulative effect of
change in accounting principle) 1.76 0.99 0.93
Cumulative effect of change in
accounting principle - - 0.14
Basic (after cumulative effect of
change in accounting principle) 1.76 0.99 1.07
Diluted EPS
Diluted (prior to cumulative effect
of change in accounting principle) 1.69 0.39 0.89
Cumulative effect of change in
accounting principle - - 0.13
Diluted (after cumulative effect of
change in accounting principle) 1.69 0.39 1.02
Weighted average aggregate number of
Class A and Class B ordinary shares
outstanding:
Basic 33,295,391 12,156,710 33,065,951
Diluted 34,597,580 30,518,035 34,472,978

Pro forma earnings per share for Class
A and Class B ordinary shares(2):
Basic 1.76 0.42 1.07
Diluted 1.69 0.39 1.02
Pro forma weighted average aggregate
number of Class A and Class B
ordinary shares outstanding
on an as converted basis for Class A
and Class B ordinary shares:
Basic 33,295,391 28,805,587 33,065,951
Diluted 34,597,580 30,518,035 34,472,978

(1) Cost of revenues are detailed as follows:
Business tax and surcharges (12,185) (4,529) (8,400)
Traffic acquisition costs (17,611) (4,270) (12,298)
Bandwidth costs (9,239) (4,032) (7,607)
Depreciation and amortization costs (12,339) (5,483) (10,201)
Operational costs (4,940) (2,601) (3,970)
Share-based compensation (330) (233) (301)
Total cost of revenues (56,644) (21,148) (42,777)

(2) Includes share-based compensation
expenses are allocated as follows:
Cost of revenues (330) (233) (301)
Selling, general and administrative (7,705) (4,222) (9,085)
Research and development (3,696) (1,714) (3,427)
Total share-based compensation
expenses (11,731) (6,169) (12,813)

(2) Pro forma basic and diluted earnings per share are computed by
dividing net income by weighted average number of ordinary shares
outstanding for the period plus the number of ordinary shares
resulting from the assumed conversion of all the outstanding
redeemable convertible preferred share upon closing of the initial
public offering as if the conversion had occurred at the beginning of
the period, or when the preferred shares were issued, if later.


Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures (*) (in RMB thousands, unaudited)

Three months ended June 30, 2005
GAAP Result Adjustment Non-GAAP Results
Operating profit 11,964 6,169 18,133

Three months ended March 31, 2006
GAAP Result Adjustment Non-GAAP Results
Operating profit 26,924 12,813 39,737

Three months ended June 30, 2006
GAAP Result Adjustment Non-GAAP Results
Operating profit 57,987 11,731 69,718


Three months ended June 30, 2005
GAAP Result Adjustment Non-GAAP Results
Net income 12,051 6,169 18,220

Three months ended March 31, 2006
GAAP Result Adjustment Non-GAAP Results
Net income 35,240 8,210 43,450

Three months ended June 30, 2006
GAAP Result Adjustment Non-GAAP Results
Net income 58,470 11,731 70,201

(*) The adjustment is for share-based compensation.


Reconciliation from net cash provided by operating activities to adjusted EBITDA(*) (in RMB thousands, unaudited)

Three Three Three
months months months
ended As a % ended As a % ended As a %
June 30, of March 31, of June 30, of
2005 revenues 2006 revenues 2006 revenues
Net cash provided by
operating activities 32,034 46% 94,526 70% 129,715 68%

Changes in assets and
liabilities, net of
effects of
acquisitions (7,177) -10% (38,592) -28% (44,256) -23%
Income taxes expenses 1,175 2% 5,850 4% 10,380 5%
Interest income and
other, net (1,261) -2% (9,563) -7% (10,863) -6%

Adjusted EBITDA 24,771 36% 52,221 39% 84,976 44%

(*) Definition of adjusted EBITDA: earnings before interest, taxes,
depreciation, amortization, other non-operating income and share-
based compensation expenses.


Baidu.com, Inc.



CONTACT: China - Cynthia He, Baidu.com, Inc. (Beijing), [phone],
[e-mail]; or Philip Lisio, Ogilvy Public Relations Worldwide (Beijing),
[phone], [e-mail], U.S. - Thomas Smith of Ogilvy
Public Relations Worldwide (New York), [phone],
[e-mail]



Web site: http://www.baidu.com/
http://ir.baidu.com/

[roi1975]

Morgen kommen die Zahlen fürs 2.Quartal.

Kann sein, daß wir bald die 100$ sehen



Gruß
Roi

[roi1975]

HP Computers Preload Baidu Search Service


2006-07-24 08:00 ET - News Release


BEIJING, July 24 /Xinhua-PRNewswire/ -- The world's largest Chinese search engine Baidu and the world-leading PC manufacturer HP announced that, for one year beginning in October 2006, all HP Pavilion and HP Presario series computers sold within mainland China will come with Baidu search service already enabled, so that users can "Baidu their trouble."

(Logo: http://www.newscom.com/cgi-bin/prnh/20041011/BAIDULOGO )

Users of these computers will be able to use Baidu's powerful search engine service directly through the embedded IE browser homepage or address search, without having to navigate to the Baidu website. In addition, they will also be able to access the Baidu homepage simply by pressing a shortcut key, which will allow them to use the largest Chinese search engine in the world through the most convenient approach.

Over the years, Personal System Group of HP China has been exploring the China market and providing users with high-quality products and services. In addition to outstanding hardware products, HP has also been collaborating with leading third-party Internet and service providers to provide its users with high-quality, individualized local service, and to create the best personal experience.

Baidu, which is committed to providing the fastest information access, is also concerned with the user experience and user demands in China. Since its foundation, it has been consistent in providing users with a "simple, reliable" Internet search engine.

With regard to this collaboration, Jerry Liu, CTO of Baidu, said: "We try to ensure a ubiquitous search service, and help users to get the information they need easily. We are glad to collaborate with leading companies such as HP to provide users with the products and service they need."

"The trend of individualization is spreading quickly through the entire IT industry. HP is trying to achieve the ideal integration of innovative technologies and individualization to bring true individualized experience to their users," said Wee Kee Yeo, director of Consumer PC Product Division, Personal System Group of HP China.

Some analysts believe that, with the technological advancement and cost reductions across the world, price wars are losing importance and forcing computer manufacturers across the world to search for new sales bright spots. In the China market, which boasts the fastest growth and the fiercest competition in the world, understanding how to provide the Chinese users with high-quality individualized, localized service has become a challenge for all manufacturers. In the meantime, Internet search service has become the most used method of information gathering for PC users. Therefore, the collaboration between HP and Baidu will be a cooperation between a leading hardware manufacturer and the leading local Internet search service provider aiming to improve user experience-based

Baidu.com, Inc.



CONTACT: Cynthia He, IR Manager of Baidu.com, [phone] x8239 or
[phone], or fax, [phone]



Web site: http://www.baidu.com/

[roi1975]

Google sells stake in rival Baidu
The Internet information provider has 'disposed' of its investment in Baidu.com Inc. selling its 2 percent stake.
June 22, 2006: 4:27 PM EDT


SAN FRANCISCO (Reuters) - Google Inc. has sold its roughly 2 percent stake in rival Baidu.com Inc. on May 25, the market leader in China's Internet Web search market, according to a U.S. regulatory filing released late Wednesday.

A form 144 insider stock sale registration was filed with the U.S. Securities and Exchange Commission by Google (Charts) detailing the sale of 749,625 Baidu (Charts) Class A ordinary shares.

As a pre-IPO insider, Google was restricted initially from selling its holdings in Baidu following its high-flying initial public offering on Aug. 5, 2005.

"We have disposed of our modest investment in Baidu," Google spokeswoman Debbie Frost confirmed. "It has always been our goal to grow our own successful business in China and we are very focused on that," she said in an e-mailed statement.

Shares of Baidu were off 5.2 percent, or $4.40 at $80 in late-session Nasdaq trading. Google's stock traded down $1.68 to $400.44, a decline of around half a percentage point.

Google's stake was worth $63 million on May 25, the date of the sale, according to the U.S. regulatory filing.

Google, which acquired its stake in Baidu in June 2004 for $5 million, was once considered a potential acquirer of Baidu. At the time of the August 2005 IPO, Google's stake represented about 2.6 percent of Baidu shares.

But Google, a distant No. 2 in the Chinese Web search market, has subsequently moved to establish operations in China and competes ferociously with Baidu in the world's most populous market. Baidu commands the same dominant position in China that Google does in most other countries.

[leiro1]

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