Price/Volume Alert: Baidu.com (BIDU)

Posted in General 
November 17th, 2008

Baidu.com, Inc. (NASDAQ: BIDU) is being hit as a hi-beta tech proxy this morning.   Shares are at $166.90, down $11.99 or 6.70% as of 8:38 AM EST.  There has not been any direct news, although a Dow Jones article noted Sukhinder Singh Cassidy, Google president of Asia Pacific and Latin America, giving comments last week to analysts on the long competition and battle that would be in place for market share in Asian markets.

There isn’t really anything new there, but shares are lower on a weak morning.

JON OGG
NOV. 17, 2008

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