Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Piper Jaffray Downgrades Sina

Piper Jaffray downgrades Sina (SINA) to market perform from outperform. The company posted 30 cents fourth-quarter GAAP earnings per share and sees $11 million to $13 million in first-quarter net income.

Analyst Safa Rashtchy says the company is experiencing growing pains of an industry that's facing rising competition amid high-growth prospect in China. While this is not the end of growth, he sees the start of a more modest growth path, with lower margins.

He notes, however, that things are becoming more complicated due to the surprise government decision to ban TV advertising of certain types of wireless services, nearly routine quarterly policy changes by CHL, ad others that restrict one type of a service or another.

Rashtchy cuts $1.36 2005 earnings per share estimate to 83 cents, citing first-quarter guidance.

blog comments powered by Disqus