Tuesday, July 04, 2006

Baidu Moves Up Earnings Report, Delays Lock-up Release

Baidu to Report Second Quarter Financial Results on July 26, 2006

BEIJING, July 4 /Xinhua-PRNewswire/ -- Baidu.com, Inc. (Nasdaq: BIDU), the leading Chinese language Internet search provider, today announced that it will report its financial results for the quarter ended June 30, 2006, after the U.S. market closes on July 26, 2006. Baidu's management will hold an earnings conference call at 9 PM on July 26, 2006 U.S. Eastern Daylight Time (9 AM on July 27, 2006 Beijing/Hong Kong time).

Due to the timing of the earnings release, the original lock-up restrictions on certain shareholders of Baidu will be extended for an additional 18 days from the date of the earnings release pursuant to the terms of the lock-up letters executed by these shareholders. As a result, all of the shares held by Baidu's pre-IPO shareholders will be released from the contractual lock-up restrictions on August 13, 2006.

From Baidu


Post a Comment

Subscribe to Post Comments [Atom]

<< Home