Baidu.com, Inc. (ADR) (BIDU) Bites Back at Qihoo 360 Technology Co Ltd (QIHU)

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Flat market share doesn’t mean flat growth. The market itself is expanding at a heady clip, and Baidu.com, Inc. (ADR) (NASDAQ:BIDU) continues to expand into new product categories and new geographical regions. Analysts see revenue climbing 36% this year and 29% come 2014. It’s against this backdrop that the stock is trading for less than 16 times next year’s projected earnings.

Qihoo 360 Technology Co Ltd (NYSE:QIHU) is growing faster, but it also trades at a richer multiple. The best bet for investors continues to be to buy both companies. There doesn’t have to be just one winner, and naysayers that have relished Baidu.com, Inc. (ADR) (NASDAQ:BIDU)’s slide since peaking last year will need to remember that as Baidu continues to claw its way back into the market’s good graces.

The article Baidu Bites Back at Qihoo 360 originally appeared on Fool.com.

Longtime Fool contributor Rick Munarriz has no position in any stocks mentioned. The Motley Fool recommends Baidu. The Motley Fool owns shares of Baidu.

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