FT.com: Google (GOOG) Almost Certain to Close Down China Site

By Trader Mark
14 March 2010 @ 01:55 pm EDT

Hmmm, could be an ugly day for Google on Monday... despite China making up just a smallish fraction of current business.  Baidu.com (BIDU) on the other hand might be ready to tack on even more premium to that juicy 55x forward PE.  While this is a hit long term to Google, any major downside in the stock price near term will be an over reaction as the stock has already been punished quite severely and the majority of its business is elsewhere.

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