BNW

B N W: Biafra Nigeria World News

Mobile Boohoo for Sohu Chinese net stock Sohu.com dropped by 10% on Friday after the company announced that its multimedia messaging services with China Mobile Communication had been temporarily suspended for a year. The sanctions were imposed after Sohu sent solicitations for phone messaging services without China Mobile's approval. Sohu is now down 25% after its high-flying start to this calendar year. Other China portals all moved down in unison, including Sina, whose stock had already been punished earlier last week when the company revealed that China Mobile had suspended its interactive voice response service. Sohu said that the suspension, coupled with the recent cut of billing rates for messaging services by some China Mobile subsidiaries, would lower third-quarter revenue by $1.5 million to $1.8 million, making the lower end of guidance $26.3 million. The significance of the suspension has further-reaching aspects, though. Multimedia messaging services may have accounted for only 15% of Sohu's revenue the previous quarter, but demand for them is growing at a rapid rate. Should the multimedia messaging suspension end up lasting the full year, Sohu would lose ground on competitors rushing to fill the void, especially because China Mobile is the country's leading mobile operator. Who Are We ? | About THISDAYOnLine.com | THISDAY People | Contact Us © Copyright 2000 Leaders & Company Limited

	BNW News
Voice of Biafra | Biafra World | Biafra Online | Biafra Web | MASSOB | Biafra Forum | BLM | Biafra Consortium
	© 2001 BNW BiafraNigeriaWorld  Privacy Policy ---------------------------------------------------------------------------------- Powered by ACENetwork ----------------------------------------------------------------------------------
	Axiom PSI Yam Festival Series, Iri Ji Nd'Igbo the Kola-Nut Series,Nigeria Masterweb