Tuesday, June 16, 2009

Piper Jaffray increases price target to $340

from $250. Gene Munster sees the 41% rise in domain
name registrations in June as a harbinger of things to
come. Believes the real market has around 40 million
small and medium business enterprises, as against
Baidu's current market of 185k businesses. He also
believes the second quarter is tracking to plan.

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