Qihoo 360 (QIHU) Gets Desparate, Issues Response to Citron
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Qihoo 360 Technology Co. Ltd. (NYSE: QIHU), once again rejects a series of allegations made since November 1, 2011 by Citron Research who has admitted that it stands to profit from a drop in the share price of the Company.
Qihoo 360 stands by all of the information contained in its filings with the U.S. Securities and Exchange Commission. The Company reiterates that Citron's commentary contained numerous errors of fact and groundless speculations and lacked understanding of China's internet sector and of the Company's business model.
Qihoo 360 is dedicated to continuing open and transparent communications with investors, security analysts and the public. The Company welcomes opportunities for direct dialog with all parties that are genuinely interested in gaining a better understanding of the Company's business model, operations, or the Chinese internet industry.
Qihoo 360 intends to protect its reputation and the interests of its shareholders, and reserves legal rights against any deliberately false accusation or personal attack.
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Qihoo 360 stands by all of the information contained in its filings with the U.S. Securities and Exchange Commission. The Company reiterates that Citron's commentary contained numerous errors of fact and groundless speculations and lacked understanding of China's internet sector and of the Company's business model.
Qihoo 360 is dedicated to continuing open and transparent communications with investors, security analysts and the public. The Company welcomes opportunities for direct dialog with all parties that are genuinely interested in gaining a better understanding of the Company's business model, operations, or the Chinese internet industry.
Qihoo 360 intends to protect its reputation and the interests of its shareholders, and reserves legal rights against any deliberately false accusation or personal attack.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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