Shares of Google (GOOG) fell 1.6% to $581 after the company cited a
series of cyber-attacks, aimed mainly against human-rights activists
in China, in considering withdrawing from the major Asian market.
The warning won rave reviews from human-rights advocates, but
Jefferies & Co. analyst Youssef Squali said it would mean "a strategic
loss for Google."
"While we commend Google's management for 'doing the right thing' on
important issues of human rights and online censorship, the company's
inability to participate in China's growth will be seen as a long-term
negative, and therefore cause a valuation discount in the stock,"
Squali wrote.
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