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SOHU's 1Q2004 CC Summary# Investment - 投资
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I am very confident in SOHU after listening to its CC. It is still a company
with strong leadership in both technology and business.
On the business side, shareholder equity increased 12M from the end of 2003.
Of that increase, total cash reserve increased 8M. We are definitely seeing
growth in cash flow. Compared with a year ago, when cash was 47M, there is an
increase of 103M. Minus the 90M debt, there is an increase of 13M. Out of
that, 8M is from this quarter.
I do not understand the analyst
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