site navigation flow among

SAN GMT May 4 morning news, Morgan Stanley research report published today, Qihoo 360 stock (NYSE: QIHU) the initial rating to $ 32.
The following is the summary report:
as dominant in the Chinese market of Internet security service provider, Qihoo 360 has received the important Internet portal in the browser and the desktop, users over four million. Qihoo 360 is one of the most subversive Internet service, high barriers to entry. We believe that the company's model has great commercial prospects, given an initial rating of
Qihoo 360 free Internet security services to help attract a huge user base oakley sunglasses uk, and to be commercialized. Between 2008-2011, the company's revenue soared 10 times, advertising and value-added services to become a driving factor; non-GAAP operating margin increased by 50 percent to 39 percent. We expect the company's earnings per share compound annual growth rate in 2012-2014 was 1.1 times, mainly by the support of the excellent prospects and operating leverage. Our target price of $ 32 corresponds to 2013 earnings of 43 times is about 28 times (according to non-U.S. GAAP), PEG (price-earnings ratio relative to earnings growth ratio) is about 0.8 times.
We believe that the reason why Qihoo 360 over the past three years of monthly active users increased by 3 times, more than 400 million, mainly due to the first-mover advantage in the field of free security products. Benefiting from higher brand trust beats by dre sale, Qihoo 360 has been through a browser (over 255 million users) and desktop (over 50 million users) and vital Internet entrance, creating a huge advertising and content distribution platform.
Qihoo 360 is still in the early stages of commercialization. Data released in April 2011 in accordance with the IResearch (microblogging), Qihoo 360 security web site navigation flow among the first major navigation site in China. Although its 2011 advertising sales grew 2.2 times, but the total was only Baidu (microblogging), 6-36% of peers such as Sina and Sohu. Paying players less than 2%, indicating that the potential is huge. Intelligent link referrals and new vertical sites will also increase the company's advertising and traffic. We believe that the new project (such as desktop, vertical search, and mobile) will bring more business opportunities for the company.
a higher level of brand trust and strong network effects enhance the industry barriers to entry, but Qihoo 360 faces in the field of Internet security, the browser and open platform competition is still growing. In addition, its advertising sales mainly in the field of electronic commerce (about 50% in 2011). (Book Yu)
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and received a Bachelor of

SAN FRANCISCO, May 4 morning news , Yahoo radical shareholder Daniel Loeb (Daniel Loeb ) on Thursday accused Yahoo CEO Scott Thompson (Scott Thompson ) lie in its Graduate Diploma . </ p> Loeb said Thompson, a bachelor's degree in computer science from Rock Hill Prada Bags Store, Boston College ( Stonehill College ) did not . Loeb anger to the news told the Yahoo board of directors , after the Yahoo board of directors that Loeb is not suitable for the operating companies . </ p> Yahoo's regulatory filing last week to retain Thompson diploma . Yahoo confirmed Loeb found to give , but think it belongs to the Rock Hill Academy until 1983 - Thompson graduated four years - was awarded their degree in Computer Science . Thomas in the Rock Hill School of Professional Accounting , and received a Bachelor of science degree in business management . </ p> Yahoo has yet to release information to point out who is mistakes in Thomson degree issue . Just the other day , Yahoo 's board of directors inform shareholders that Loeb is not suitable for the operating companies . Loeb is currently held by the hedge fund Third Point LLC, a 5.8 percent stake in Yahoo , he hoped that the reorganization of Yahoo 's board of directors to replace Yahoo's four directors Coach HOBO, Third Point staff . ( Xiaoming ) < / p> share :> Report: Microsoft's R & D center in New York poached Yahoo's 14 experts from Yahoo's new CEO released a new strategy: to reduce the size of the company to strengthen the focus on Yahoo and Microsoft to discuss new measures to prevent the sharing of data channels banned Yahoo CEO : to focus on the sale of shares matters microblogging | SAN official microblogging is willing to work with Alibaba

million investment in the bank

SAN SAN FRANCISCO , May 3 evening news , note - taking service Evernote today confirmed that the $ 70 million D round of financing investment . Round of financing led by Meritech Capital and CBC Capital , Evernote 's valuation of $ 1,000,000,000 . </ p> fact , Evernote does not need funds . So far , most of the Evernote $ 96 million investment in the bank . However coach outlet store, Evernote will make use of these funds to cope with adverse market conditions . Evernote will use the funds to expand internationally , for example, to enter the Chinese market . In addition Monster iBeats Headphones With ControlTalk Black Aluminum, Evernote may also carry out strategic acquisitions and development enterprise account , or recruit developers and designers . </ p> as the company matures , Evernote does not want to slow down development . The Evernote CEO Phil Libin (Phil Libin ) said : Libin said : build relationships . ( Viking ) < / p> share :> Related reports : cloud notes application Evernote subscribers approaching $ 100 million of 30 million notes application Evernote financing valuation of $ 1,000,000,000 cloud notes tool the Evernote : the business logic of the virtual brain microblogging | SAN official microblogging

the proportion of consulting fees of 1.1% , only one fifth of the U.S. IPO conventional consulting fees proportion

SAN FRANCISCO, May 4 morning news Burberry Bags Store, according to informed sources , Facebook, tomorrow will be meeting in New York underwriters , to discuss the IPO (initial public offering ) issues . </ p> Informed sources said that Facebook will one by one to meet with major investment bank Morgan Stanley , followed by JP Morgan Chase and Goldman Sachs . The company's executives will take this opportunity to carefully study the company's growth prospects , as well as other highlights of the roadshow . </ p> the Roadshow arrangements, Facebook, will be held May 7 in New York investor meeting in Boston , May 8 , May 11 in California帕罗奥尔托. </ p> Facebook spokesman for the underwriters declined to comment . Facebook spokesman has yet to respond. </ p> Facebook IPO hired 33 investment behavior of underwriters led by Morgan Stanley . In the February 1 issue of the prospectus , Facebook only accept their fate, Morgan Stanley, JP Morgan Chase, Goldman Sachs, Bank of America, Barclays Capital and Allen & Co. , but then added other investment banks . </ p> Facebook, up to $ 11.8 billion IPO financing , listing date was set for May 17 . Informed sources revealed in March , the company plans to pay 1.1% of consulting fees to the underwriters . According to this ratio , if Facebook in accordance with the ceiling issue stock , the underwriters will share about $ 130 million revenue . However Oakley New Released Sunglasses Cheap, the lead underwriter can usually get a higher proportion of return . </ p>According to statistics, the proportion of consulting fees of 1.1% , only one fifth of the U.S. IPO conventional consulting fees proportion . Larger IPOs , investment banks typically can withstand a lower rate . Not only that , Facebook 's famous enterprises will contribute to the future conduct of business , investment banks are also willing to accept low rates . But Facebook has refused to disclose the actual rates before the IPO is completed . (Book Yu )
share : > Related Topics : Facebook, listing topics > relevant reports : investment in Facebook Microsoft wisest investment : annual return of five times the Facebook CEO and early investors will be $ 5.5 billion cash Facebook determine the range of prices up to finance the $ 13.6 billion Facebook plans next Monday IPO road show May 18 listed the microblogging Recommend | SAN official microblogging

Coordinator: Rongming Chang the Pan Jianyong

Ding via video and college representatives, workers' representatives to communicate.
Nanfang Daily interview with Ding
guests: NetEase founder, CEO Ding Lei
Moderator:
Nanfang Daily reporter thunderstorm
of Universities Media Alliance member units of the reporter Zhoushi Ling Shen Jie Lin
struggle, will always be the subject of the younger generation. Faced with this word, today's
Ding Lei, Netease founder and CEO. As a youth idol, Ding entrepreneurial stories inspired a generation of young people. Is what he chose the road of entrepreneurship, he encouraged young entrepreneurs? Him in the eyes of young people should have the kind of quality? My youth I series of search activities through the network of online dialogue Ding. The course of struggle and message to the youth, the interpretation of the struggle of his eyes.
to Guangzhou
early not read Jade, but the ad learned creative
Nanfang Daily: Can you talk about your young age, that The segment experienced have any effect on your career and choose?
Ding Lei: I am a secondary school from 1983 to 1989, during which a lot of pressure. Because the decision that our destiny is just a test. High school classroom learning, and did not give me a lot of fun, but a lot of anxiety. As the society is in the early stages of reform, not too many young people career direction, once into university, you can only go to the farmers, or replace the parents' work.
but fortunately, the secondary school where I attach great importance to the student's interests. My junior high school, joined the radio interest in extracurricular groups and chemical extracurricular interest groups. High school when I joined the Computer Interest Group will cultivate such an understanding: the computer can improve our work efficiency, can our work from complex to simple. I attended the University is the first batch of credit system universities, so that I can choose hobbies. Interest groups of this experience, my high school stage and the lifetime is very large indeed.
Nanfang Daily: University graduate first came to Guangzhou, the period of time mean to you? What is the goal at the beginning of your venture?
Ding Lei: My initial idea is very simple, is to do something you enjoy, at the same time for consumers. Graduated from the second year, I Guangzhou Sybase, Inc., more than 4000 yuan monthly salary, I think this is rely on my strength. My strength is how come? Two years before you rely on me to continue learning. Nothing to do in two years, Sybase went to the audio City buy Fashao Die, which makes me have a more profound understanding of music. I was in Guangzhou is also the confusion of foreign people, do not understand Cantonese, can not read Jade, could only watch TVB Pearl, because it is the English-speaking, I see a little more smoothly. From which I learned a lot, such as its advertising, I learned creativity. Today's young people more but it is fun, and time wasted.
talk about Now give the outside world How do you see?
Ding: Although the material conditions of a lot, but the community has also brought them a lot of anxiety. When they graduated from college, holding a meager salary, but found that house prices are expensive, can not afford to buy a house, even despair of this world will feel its own has no place, even a small foothold. So many people choose to escape.
In addition, today's young people lack the ability of independent judgment on the reality of things. Some people would think to me the best students can only get more than 8000 yuan monthly salary, then I have no hope. In fact, it is not so, there are many success stories, but they do not concern. The majority of self-awareness and understanding of the society is still relatively narrow.
Nanfang Daily: How to understand the Can you give some examples?
Ding: For example, when the founder of facebook, His own initial motivation is simple, the girls initially just want to go to Harvard girls to put up the photos, but now facebook has become popular in the world of social networking. Another example is the Apple store on an image processing software instagram, initially only 13, because the focus of the image, and later became the most downloaded image processing applications, and finally facebook acquisition. So, if today's young people have sufficient cognitive analysis of these cases can also have a lot of inspiration.
Nanfang Daily: This year is the If you want to recruit some young people, you want them to have what kind of characteristics?
Ding Lei: I hope they break through the cognitive limitations. The university is just a learning method, you should be aware of what consumers want most. The rural food security, agriculture and aquaculture, environmental processing industry has much room for development, young people should be aware of this.
suggest that young people create innovation should not be too utilitarian, motives to be pure, has to be focused, to be enriching themselves.
read a trip. Young people do not complain, and produce more to go outside for a walk, a good look at the world, reading and practice. Create opportunities to broaden their horizons.
talk about entrepreneurship
find their place in the
Zhoushi Ling: It is now difficult entrepreneurial environment, and high business failure rate of college students, college students venture have any suggestions?
Ding Lei: I think that the advocate of college students venture that is itself a problem. I graduated in 1993, 1997 Coach Kristin Outlet Store, entrepreneurial middle this time I have been to many companies, I worked at the state-owned enterprises, foreign invested enterprises, the basic experience I have also tried.
but today's young people, they kind of attitude regarded Start a Business? I think a lot of people desire when the ideal , the limitations of this knowledge has led to the failure of a lot of people start with the difficult business.
my opinion, today's entrepreneurial environment than a dozen years ago is more difficult, you slightly have a good idea, a lot of cottage came, this is too much trouble. Young people can be a good platform to play to their better and better, to find their place. Students start conservative attitude. Link

Guangdong youth leader listed on the incubator project by the League Committee, the Provincial Youth Federation and the United Guangdong Securities Regulatory Bureau, the Provincial Department of Science and Technology, the Provincial Federation of Industry and Commerce co-sponsored, write the provincial government work report, tied for the 2012 government priorities. 100 outstanding young leader has been selected in the province, with a path to guide policy support, financing aid, resource sharing, support to promote the companies listed.
Guangdong Merchants Lecture Hall of the event, jointly organized by the League Committee, Guangdong Province, Young Entrepreneurs Association and the Guangdong Provincial Junior Chamber of Commerce, the country's first specialized to build the Guangdong Merchants Lecture Hall of the learning team . Organized 44 invited experts and scholars from all walks of life, government officials, business celebrities, mainly based on the current affairs hot, the needs of our members to carry out targeted marketing innovation, restructuring and development of Guangdong merchants seminars and Unicom Live real-time video of the province's 21 cities.
reporter's notes

23-year-old > founder bell Nongfushangquan he just graduated from the Department of Chinese reporters, Zhang Yimou was originally a photographer, Yu Hua before writing a novel turned out to be a dentist, students will not be professional limitations live. That time of his study is a military communications professional, height 178 cm, weight 60 kg.
Ten years later, Ding has more than a few thousand employees of Internet companies, the net worth of nearly a hundred billion.
interview, Ding has always stressed that one word -
talk about struggle, Ding does not encourage college students to business, said it was Founder of Netease, he worked three jobs, state-owned enterprises, foreign enterprises are to be had. Two years after graduation oakley sunglasses cheap, he often read books to 2 o'clock in the morning, to an experienced colleague for advice. With the accumulation and struggle, Ding got Guangzhou sybase offer. clear and grasp of the market. As he said, money is not the most important thing. Full of desire and temptation, to give young people about the struggle for enlightenment, is the proper meaning of the story.
the Coordinator: Rongming Chang the Pan Jianyong
Nanfang Daily reporter thunderstorm
intern Xingsi Yue correspondent the Yemin Liang
video / image: Liangwen Yue Liu Zhenhua
share:> Related topics: project reports: Ding admitted that World of Warcraft declining revenue evaded cooperation with Blizzard plans Netease CEO Ding Lei: weak protection of intellectual property who Innovation Shuidao Mei Ding: Guangzhou to support efforts behind the entrepreneurial by attractive enough the Netease the Ding swine Zaichao Ding said the impatient could not get good pork microblogging | SAN official microblogging

This ambition also

the Lead: foreign media wrote that as an emerging field of science and technology industry, the cloud storage industry not only sought after by technology giants, and even spawned a large number of start-up companies. With the first-mover advantage, these start-up companies are not worried about Google and other established businesses incoming will have an impact.
following is the text of the article:
confident full
In past , every time Google launched a similar product with the start-up companies, will make these fledgling corporate-ism. Now, however, has been completely transformed. April 24, Google launched the highly anticipated Drive cloud storage service, which help users store data and synchronize between different devices. File synchronization services to the Dropbox CEO Drew Houston, Drew Houston on Twitter quipped: Manufacturers Box according to the original plan, a rooftop terrace in Manhattan on April 25 held a party. Alan Levy, CEO of the company by Aaron Levie, happily dressed in suits and sneakers, dance, Hollywood actor Elijah Wood (Elijah Wood) is responsible for playing the disc. If the CEOs fear, then had to admit that he was an excellent camouflage.
Houston and Levy indeed reason to be confident that their companies not only to attract a first-class Silicon Valley investors, also have tens of millions of users. Sequoia Capital, at Greylock Partners, and even U2 lead singer Bono (Bono) has accumulated to the Dropbox to invest $ 257 million, valued at approximately $ 4,000,000,000. Box also $ 162 million financing from Draper Fisher Jurvetson (DFJ) and Anderson - Horowitz Fund (Andreessen Horowitz) company. Phone, browser and e-mail, everyone needs this technology. This product is rare.
In addition to start-up companies such as Box and Dropbox, Microsoft, Amazon (microblogging) and Apple have joined this fight, hoping to seize the high ground in advance in the future of computing. With the popularization of science and technology, people create pictures, video, Word documents and other files are also increasing year by year. Gradually, these data scattered in mobile phones, tablet PCs, PC and other devices. Thus, the new store start-up companies have come into being. Their competitors are focused on creating a central console, hoping to help users manage all the information. the CTO of 2005, the company was acquired by Microsoft. Success or failure cases

of cloud storage appears to be simple, but really want to do is not easy. FolderShare story fully reflect this. This company, founded in 2002, can help users to sync between multiple computers as much as possible of the folder, but the excessive freedom has forced some users feel unwell. Many users did not even understand the
Dropbox was established in 2007, chose an easier path. When users install the desktop or mobile applications produced by the company, this service will be created on each device to a separate file folder, which is a dropbox in the Whatever the contents stored in the folder will be synchronized to other devices. FolderShare needs the Internet can use Dropbox but both keep a copy in a computer or mobile device to create a file will be an additional copy of storage to the server rented from Amazon. This means that users can work offline, then on-line synchronization. The Dropbox to select a single folder mode is very wise. Venture company currently has more than 50 million users, but did not disclose the specific proportion of paying customers - to get more than 2GB of space, you need to pay the costs.
due to fears of a price war with Google and Microsoft Box, Levy did not focus on the consumer market, but rather focus on workplace users. His decision is very wise. Pay $ 15 per person per month, companies can use the service, the convenience of staff PowerPoint presentation is issued Burberry Bags Online, promotional photos, and legal texts stored in the cloud. Box tool can also be a designated colleagues, customers and partners access, and collaborative editing the document.

more innovation on party in Manhattan, Levy trumpeted the innovation of the Box Innovation Network. The platform can support third-party software, user-Box service store files or collaborate. For example, the iPad version Quickoffice to adjust the document is completed font, can be directly connected to Box nike shox, the modified document for distribution to colleagues or LinkedIn connections, without having to turn sent via e-mail.
Levi is very optimistic about the The 27-year-old college dropout, by virtue of the close integration of mobile and desktop devices, this more flexible product can replace Microsoft, IBM (microblogging) and Oracle (microblogging) and other classic commercial software for established businesses. There is a saying: for the corporate purchasing department employees will not be dismissed because the procurement of IBM products. But Levy was released rhetoric: The companies have refused to mergers and acquisitions offer - Citrix Systems, had bid more than 500 million U.S. dollars acquisition Box unsuccessful - and expressed hope to remain independent, and the final IPO (initial public offering). This ambition also contributed to the star of the storage industry must strive to surpass the old giant, to provide better service. Dropbox is currently only offers 2GB of free storage space, while Google and Microsoft free space of 5GB and 7GB extra space charges are slightly lower.
start-up companies want users to not only focus on storage space. For example, the Box on the provision of much enterprise-winning security features and collaboration tools. Dropbox is also concerned about the usability issues. Replace the choice of the services. (Book Yu)
share:> Report: Amazon launched Cloud Drive Cloud storage services desktop client Dropbox free cloud storage space from 2GB to 5GB Microsoft officially launched the paid version of SkyDrive cloud storage service ( Figure) Baidu to launch disk cloud storage service with Microsoft Google competition microblogging | SAN official microblogging >> more

drawn from Facebook

SAN SAN FRANCISCO , May 4 morning news , Zynga Air Griffey Max shoes, as you draw I guess promotion. </ p> you draw I guess the traditional mode of the game : three words given by the user from the system , choose one, and then draw the image oakley sale, and guess its content is drawn from Facebook friends to guess can score . This new ad will be </ p> American Hockey League , the first purchase of such advertisements advertisers, and has drawn a picture of some users to publish to the social picture sharing service Pinterest . </ p> this ad popular , but you draw I guess the heat seemed to begin to decline . According to market research firm App of the Data data , active users of the game has slipped from 14 million in early April to 10 million . </ p> Zynga, acquired in March this year , Zynga has just been listed last year , the fourth quarter of 2011 operating income of $ 311.2 million , about 9% from advertising, but its main revenue still comes from virtual goods within games . (Book Yu ) < / p > share :> Related: game, to design games social drawing game you draw I guess downloads exceeded 50 million micro- Bo | SAN official microblogging