Thursday, February 17, 2005

Sina News: UBS Lowers Price Target to $30; Lawsuit Looms

From PacificEpoch: UBS Lowers Sina Price Target To US$30

"UBS lowered its price target for Sina from US$35 to US$30 on Wednesday. However, UBS maintained a Buy 2 rating for the stock. UBS' chief concern regarding Sina is the company's lack of growth potential. According to UBS, online gaming is the only sector that offers significant growth potential for Sina and Sina needs to internally develop and launch one or more massively multiplayer online role playing games with 100,000 or more players."

From ChinaTechNews: Lawsuit Looms Over Sina

"At least four separate law firms in the United States have issued press releases notifying investors that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all securities purchasers of Sina between October 26, 2004 and February 7, 2005." Read more