Are the People over at Qihoo 360 This Dumb ?

Qihoo 360 (“QIHU”) is what some would call a “battleground stock.” On one corner, you have short seller Andrew Left over at Citron Research. On the other corner you have Kaifu Lee (former Google China exec), who initially defended QIHU, and then went out of his way to start a website called citronfraud.com . Kaifu must have had a lot of time on his hands.

Well, the following press release  just issued by QIHU (thanks to the friend who tipped LST off) looks more like a $20 million market cap penny stock promotion rather than a multi-billion $ market company’s press release. See for yourself:

Press Release

Market Influences That Drive Equities Forward – Industry Report on EarthLink, Inc. and Qihoo 360 Technology Co. Ltd.
Sep 26, 2012 (Marketwire via COMTEX) — Moments ago, DividendSeeker.net introduced new coverage of EarthLink, Inc. (NASDAQ: ELNK) and Qihoo 360 Technology Co. Ltd. (NYSE: QIHU). Full outlook, analysis and consensus opinion is available to readers via the links below.www.DividendSeeker.net/r/forbes/222c_ELNK
www.DividendSeeker.net/r/forbes/b0e4_QIHUThe consistent delivery of accurate analyses relies solely on two factors, namely: market awareness and industry insight. Recent market drivers include August’s existing home sales increasing more than expected within the U.S., a surprise slip in U.S. initial jobless claims in the week ending September 15, 2012 and the spark of U.S. housing starts over the last month. When it comes to discovering the right edge at the right time, all these factors play into effect. For a deeper understanding of the mechanics behind these events and how it can affect your portfolio, please refer to our email newsletter delivered to your inbox.

Dividend Seeker is releasing new coverage on EarthLink, Inc. for its current position within the technology sector. EarthLink, Inc. (EarthLink) is a network, communications and information technology (IT) services provider to business and residential customers in the United States. The Company operates in two segments: Business Services and Consumer Services. A copy of this report featuring EarthLink, Inc. (NASDAQ: ELNK) is available at: www.DividendSeeker.net/r/forbes/222c_ELNK.

Dividend Seeker has released research on Qihoo 360 Technology Co. Ltd. for its changing role within the technology sector. Qihoo 360 Technology Co Ltd (Qihoo 360), formerly Qihoo Technology Company Limited, is engaged in the operations of Internet services and sales of third party anti-virus software in the People’s Republic of China. It provides Internet and mobile security products in China. To access the full research report on Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) we welcome investors to visit: www.DividendSeeker.net/r/forbes/b0e4_QIHU.

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Here’s the link:  QIHU’s idiotic Press Release

Memo to QIHU and QIHU Shareholders : Are you guys really this dumb ? Or Desperate? Both?

 

— UPDATED 2012 09 27 2:02 PM EST —

Looks like QIHU removed that idiotic press release…too bad I copy/pasted for that very possibility.

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3 Responses to Are the People over at Qihoo 360 This Dumb ?

  1. haha that is epic. Pretty soon they will be sending out 3rd party options reports, citing positive Call/Put trading volumes! I’d love to see what DividendSeeker has to say… but I feel like signing up to receive this (undoubtedly) brilliant report will lead to a ton of spam coming my way… so I sadly must refrain.

  2. Given his background and celebrity status, Kai-fu Lee’s behaviour doesn’t make any sense… Political pressure, maybe?

    • All good questions. Whatever the case, it seems to be in China’s (and Kaifu’s) longer term interests to embrace critics, in order to strengthen China’s capital markets, business culture, etc. These things all pay off, though they do take time.

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