A week and a half after Chinese search engine Baidu beat Q2 sales and profit estimates, and forecast above consensus, UBS Securities analyst Wenlin Li today raised the stock’s rating to “Neutral” from “Sell” and more than doubled its price target on the stock to $380 from $150.
Shares in Baidu, the Chinese search engine, have jumped today after Goldman Sachs analyst James Mitchell raised his rating on the stock, while maintaining his recently reduced price target. Mitchell offers a variety of reasons for his more bullish stance–not the least of which is his estimation of a 30 percent yearly increase in search spending in China for the next several years.
The MacBook Brick is a block of high-quality, aircraft-grade aluminum. It is the beginning.
The beginning of what?
It is the beginning of the new Apple manufacturing process to make MacBooks. It is totally revolutionary, a game changer. One of the biggest Apple innovations in a decade.
There seems to be some grassroots support for the idea of an emergency broadcast system on the micro-messaging service Twitter, at least from people who have emergencies to broadcast. The latest cry for help: A Chinese journalist nabbed by security forces during the Olympics and forced to go to a village far from the event.
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