Technology Sector Review: Transparency at Baidu and Sina, Linear Earnings
After Linear Technology Corp. (NASDAQ:LLTC) reported largely in-line Q2 results and provided higher than expected Q3 revenue guidance, Oppenheimer expects investors to view the data as indications that the company has bottomed. The firm recommends buying the stock.
The shares closed at $33.32, up $3.45, or 11.55%, on the day. Its market capitalization is $7.59 billion.
Baidu.com, Inc. (NASDAQ:BIDU): China will eventually force citizens throughout the country to use their real names to register for microblogs, according to The New York Times, which cited statements by the nation’s top Internet regulator The policy had been in place on a trial basis in five Eastern cities. The nation’s most popular microblog is owned by SINA (NASDAQ:SINA).
The shares closed at $126.07, down $2.78, or 2.16%, on the day. Its market capitalization is $44.00 billion.
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