Tuesday, September 4, 2012

Two Hot Stocks: Baidu.com, Inc. (NASDAQ:BIDU) & Oracle Corporation (NASDAQ:ORCL)

As people in China increasingly use mobile phones for Internet access, the company which provided China’s answer to Google, Baidu.com, Inc. (NASDAQ:BIDU), has released a new browser.  It also has plans of investing in a cloud company center. "The cloud-supported mobile Internet is the focus of the next wave of innovation," said Chairman Robin Li, at the company’s annual conference.

Although Baidu operates China’s most popular search engine, it is yet to catch up with rivals Tenacet and UCWeb in web access.

China has the world’s largest Internet market.  Not only that, Internet access through mobile phones and tablet PCs is growing at double the pace of the overall market.

According to an official report, in July, China had 538 million Internet users, an 11 percent rise from last year, while the number of mobile Internet users was 388 million, up 22% from the previous year.

Can BIDU Bounce Back After The Recent Turmoil? Find Out Here

Baidu’s China market share in search is a whopping 78.6 percent, miles ahead of Google’s 15.7 percent.
Meanwhile, in the U.S., the case filed by Oracle Corporation (NASDAQ:ORCL) against SAP is likely to drag on for some more years thanks to an appeal filed by the former.  The business software maker wants the German Company to pay additional damages for copyright infringement than what was earlier agreed upon.  SAP’s spokesman has expressed the company’s disappointment. He said, "We agreed to a reasonable arrangement, since we believe this case has already persisted long enough."

In August, SAP had agreed to pay Oracle $306 million as damages and the latter had accepted the offer.  In 2010, a jury in Northern California had heard the case in which Oracle had accused SAP  subsidiary, TomorrowNow of wrongfully downloading millions of Oracle files and ruled that SAP should pay $1.3 billion as damages.

But last year, a U.S. District judge discarded this verdict and ruled that Oracle should either accept $272 million or opt for a new trial.

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