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Baidu (BIDU)
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Baidu was the most frequently used search engine in China in 2004, according to a survey by Shanghai iResearch Co., and was the second-largest Web site in China in terms of user traffic during the three months ended July 18, according to Net income for the three months that ended in March was $303,000, more than double compared with the same period a year ago.

There are likely more good times ahead, since China's Internet market is growing at a fast clip: according to iResearch, the number of Internet search users in China is projected to grow at a compound annual growth rate of 27.5% from 2005 to 2007.

"This company has a growth opportunity that's going to be seen by investors as enormous," says Paul Bard, an analyst with Renaissance Capital LLC in Greenwich, Conn. "And I'm sure what people are going to say is, wow, this could be what Google was three years ago."

Even Google appears to think the company is a good investment: The U.S. search engine owns 2.6% of Baidu, according to Securities and Exchange Commission filings, and isn't listed among the entities that plan to sell their stakes in the IPO.

The IPO is to be underwritten by Goldman Sachs Group Inc.'s Goldman Sachs (Asia) LLC, Credit Suisse Group's Credit Suisse First Boston and Piper Jaffray Cos., and will trade in the form of American depositary shares on the Nasdaq Stock Market under the symbol BIDU.

Baidu is selling 3.7 million shares to the public, a 12% sliver of the 31.7 million shares that will be outstanding after the offering. The company's executives, directors, and venture-capital firms will continue to own substantial stakes in Baidu after it goes public.

(from The Wall St Journal)

Goldman Sachs is lead underwriter and it is expected to begin trading at $19-$20.
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1796Getting ready for the bounce back up. [graphic]hollyhunter-last Friday
1795Going way back, I think Robin Li "invented" search algorithms based onSr K-December 7
1794Backchannel has been profiling the AI initiatives of the major tech companies. TGlenn Petersen-December 7
1793Wired is too wordy, as if they just discovered Baidu. … to chronicle this tenuoSr K-December 7
1792Inside Baidu’s Bid to Lead the AI Revolution Author: Jessi Hempel Backchannel DGlenn Petersen1December 7
1791ATH 272.07.Sr K-October 16
1790A series of all-time highs today, up to 253.84. Latest 253.59, +5.90. On no newSr K-October 9
178952-week high today, 242.70 last 241.90Sr K-September 22
1788Baidu places a huge bet on autonomous driving technology: Message 31275045Glenn Petersen-September 22
1787BIDU hit a 52-week high today, 233.79 prices not seen since the first days of 2Sr K-September 1
1786Baidu buys Seattle startup, a unit within the Allen Institute for ArtifiSr K-July 11
1785Baidu intends to become the preeminent player in autonomous vehicle technology. Glenn Petersen-July 6
1784 Baidu leads China’s self-driving charge in Silicon Valley Message 31166437 Glenn Petersen-June 30
1783BIDU was +$2 pre-market as was NFLX, after this: after the company was reportedSr K-April 25
1782" The common jibe about Baidu among local experts is that it is becoming thPaul Senior-April 24
1781Three kingdoms, two empiresChina’s internet giants go global Tencent is leadingGlenn Petersen-April 24 11:02 PM ET Baidu to Open Source Its Self-Driving Technology -- UpdateSr K-April 19
1779Baidu furthers AI push with acquisition of digital assistant startup Raven Tech JakeStraw-February 16
1778Baidu Scoops Up AI Talent From Microsoft, But the Tech Titan Won't Be Left BJakeStraw-January 25
1777Former Microsoft executive and noted AI expert Qi Lu joins Baidu as COO techcrunJakeStraw-January 17
1776Baidu, Inc. was upgraded by analysts at Stifel Nicolaus from a "hold" JakeStraw-January 10
17753 Ways Baidu Is Harnessing AI to Power Its Business AI has long been thJakeStraw-12/28/2016 Baidu opens up access to its speech technologies with launch Sr K-11/22/2016
1773Thank me later. This one is due for a pop--looks like BIDU gets sharp bump follomore100-10/20/2016
1772Weakness remains in the game but bears need to prove their case so far they weremore100-8/4/2016
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