Baidu.com (NASDAQ:BIDU), Qualcomm (NASDAQ:QCOM) Partnership for Cloud services – BIDU, FB, YHOO, GRPN, ZNGA

naidu nasdaq:bidu

China’s biggest search engine Baidu.com, Inc. (NASDAQ:BIDU) reported on Monday the firm would offer 30GB of free blur storage to Android strategy built with certain Qualcomm chips, in what’s the newest move by the firm to carve out a attendance in the country’s mobile services sector.

Baidu’s limited-time proposal applies in China to two of QUALCOMM, Inc. (NASDAQ:QCOM)’s newest chips, the Snapdragon S4 MSM 8×25 processor, and the Snapdragon S4 MSM 8x25Q processor. Users turning on Baidu’s cloud service will receive 15GB of free cloud storage over the device’s lifetime, and an added 15GB of storage free for one year.

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) traded at $92.58 by plunging -0.10% at 10:35AM EST with price volatility of 3.93% for a week and 2.93% for a month plus price volatility’s Average True Range for 14 days was 3.42 and its beta stands at 1.82 times.

Stocks after opening at $94.37 hit high price of $94.80 and on last session stock held volume of 977,371.00 shares which was lower than its average volume of 5.19 million shares.

Short-term as well long term investors always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 3.12 as current ratio and on the opponent side the debt to equity ratio was 0.10. The Company had total cash at hand $3.40 billion and a book value per share as $10.58 in the most recent quarter.

While investors who viewing BIDU against other stocks with the reference of profit margin that are Facebook Inc (NASDAQ:FB) small advanced +0.36%, Yahoo! Inc. (NASDAQ:YHOO) up +0.45%, Groupon Inc (NASDAQ:GRPN) increased +5.03% and Zynga Inc (NASDAQ:ZNGA) edged up +1.36%.

 

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.