It appears you have not yet registered with our community. To register please click here...

Go Back [M] > For Sale - LAN Parties - Other > Off-Topic Hangout
You know hardware - do you know how to make money? You know hardware - do you know how to make money?
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

You know hardware - do you know how to make money?
Closed Thread
Thread Tools
Old 5th August 2005, 17:18   #1
Sidney's Avatar
Join Date: Mar 2004
Posts: 15,738
Sidney Freshly Registered
Default You know hardware - do you know how to make money?

To make a lot of money in a few hours using your knowledge of PC and Internet -

The Chinese Google IPO, began with $27 this morning and being trade at ~$74

Google has 3% in the company.

Opteron 165 (2) @2.85 1.42 vcore AMD Stock HSF + Chill Vent II
Sidney is offline  
Old 5th August 2005, 18:53   #2
Sidney's Avatar
Join Date: Mar 2004
Posts: 15,738
Sidney Freshly Registered

The shares of China's largest Web search company,, almost tripled in their market debut on Friday after pricing above their expected range in a hot initial public offering. shares surged about 195 percent, to about $78, in morning Nasdaq trading from their initial public offering price of $27 per American depositary share, which was $2 above the top of an already raised price range.

Comparisons between the Beijing-based company and world search leader Google, which owns 2.6 percent of Baidu, had sparked strong interest in the offering, the first U.S. listing for a pure-play Chinese search engine company.

"People are buying shares in Baidu because of Google," said Tat Au Yeung, managing director of Apex Capital Management in Hong Kong. "But the pricing looks expensive."

Baidu priced its American Depositary Shares at $27 each--$2 a share above the top of an already raised price range--in a deal that valued the company at $872 million.

Analyst predictions for the stock's debut were generally well off the mark.

One analyst at a major U.S. brokerage predicted the stock would jump as much as 30 percent to $30 to $35 on its first day as investors who could not get IPO shares scramble into the market.

"The issue is very small and demand is very big," the analyst said.

But another Internet analyst with a Western bank in Hong Kong said the counter likley would climb by around just 10 percent on its debut as the IPO price was fixed above the proposed range.

After generating a wealth of investor demand, Baidu on Wednesday raised its indicative price range from $19 to $21 per American Depositary Share to $23 to $25 per ADS and increased its offering to 4.04 million American Depositary Shares, from 3.7 million.

Analysts have questioned's high valuation, which is largely based on assumptions of strong growth in China.

Baidu sold 12.5 percent of its enlarged share capital at 540 times historical earnings per ADS of 5 cents each. By comparison, Google and Chinese Web portal Sina trade at 87 times and 32 times 2004 earnings, respectively.

But Baidu, with a market value about one-hundredth of Google's, offers better growth prospects as China now accounts for just a tiny fraction of the $8 billion global search market.

Baidu generated earnings of $1.48 million (12 million yuan) on revenue of $13.7 million in 2004, compared to a net loss of $1 million in 2003.

Its earnings in the first quarter jumped 140 percent to $308,500 from the year-ago period, according to a filing.

Baidu said it will use funds from the IPO to develop or buy new technology and products and for general corporate purposes.

Five-year-old Baidu, whose name comes from an ancient Chinese poem about a man in search of love, is the clear leader in China's search market, which was worth about $150 million last year, according to new media consultant Shanghai iResearch, but is forecast to grow rapidly in the next few years.

China is the world's second-largest Internet market with about 100 million users but e-commerce is still relatively underdeveloped, largely due to lack of effective payment channels. The number of Internet search users is projected to grow to 187 million in 2007, according to iResearch.

Google and its rival Yahoo are eyeing Baidu's fledgling home market and domestic competition growing with search engines recently launched by two Chinese Internet veterans, and Sina.

Baidu, led by co-founder Robin Li, hired Goldman Sachs, Credit Suisse First Boston and Piper Jaffray as underwriters.

Opteron 165 (2) @2.85 1.42 vcore AMD Stock HSF + Chill Vent II
Sidney is offline  
Closed Thread

Similar Threads
Thread Thread Starter Forum Replies Last Post
Using Your Old Socket 775 Mounting Hardware On Your Brand New P55 Setup jmke WebNews 0 22nd October 2009 13:18
The State of Hardware Accelerated Physics jmke WebNews 0 26th July 2007 12:39
Intel Enables Hardware T&L on G965 jmke WebNews 0 19th June 2007 14:38
transerfing goods and money overseas. kristos Mad Bargains 8 2nd February 2005 10:15
ASUS P5GD2 Premium @ Legion Hardware Sidney WebNews 0 4th July 2004 21:07
Global WIN introduces the Travel Box Dorri with hardware encryption technology jmke WebNews 0 25th April 2004 18:50
HOW-TO: not to kill hardware TeuS General Madness - System Building Advice 24 19th March 2004 07:07

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 11:37.

Powered by vBulletin® - Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO