Tuesday, November 18, 2008

Suspended customers worth 10 to 15% of revenue

Baidu said Tuesday it has been in contact with CCTV and has
suspended customers worth about 10 percent to 15 percent
of the company's revenue. Unclear how many of these
can actually produce a licence to sell drugs. Long-term, the
company thinks there is no significant impact. Baidu is hosting
a conference call at 7:00 AM, Nov 19th, with analysts to
clarify the issue.

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