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Qihoo CFO Says Short Sellers Target Stock on Co-Appointment
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Qihoo 360 Technology Co. Chief Financial Officer Alex Xu said in an e-mail to analysts that short sellers are targeting the Chinese software developer after the company named Jue Yao as co-CFO.
“I heard some short sellers are out there trying to make the co-CFO appointment an issue,” Xu wrote in the e-mail sent to analysts May 23. “This is totally nonsense.”