Monday, February 1, 2010

Credit Suisse raises from "Underperform" to "Neutral"

Wallace Cheung expects Google to keep its salesforce
and R&D in China. But he still thinks Google China would
lose about a third of its business to Baidu as an after-effect.
New price target of $400. Believes Baidu's current market
share drop, from the Phoenix Nest transition, will bottom
out at 47%.

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