Friday, May 13, 2011

Understatement (YHOO)

WSJ, quoting a Citigroup note on YHOO:

“This is also the second major incident in two years involving a major U.S. Internet company facing non-commercial risk in China – the first was Google facing systems disruptions and code theft in China. At some level, this raises the overall risk profile for Internet/Media/Technology companies operating in China."

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