DISSATISFIED WITH VERDICT, QIHOO 360 SAYS TO LODGE APPEAL

AsiaInfo Services
05-12-2011
Dissatisfied with Verdict, Qihoo 360 Says to Lodge Appeal

BEIJING, May 12, 2011 (SinoCast Daily Business Beat via COMTEX) -- Qihoo 360 Technology Co., Ltd. (NYSE: QIHU), one of the emerging antivirus software developers in China, said yesterday that it would lodge an appeal against the verdict by the Beijing No. 1 Intermediate Court.

Qihoo 360 has made an illicit competition against its cross-town rival Kingsoft Corporation Ltd. (SEHK: 3888) by vilifying and uninstalling the Kingsoft virus killer forcibly, said the Beijing No. 1 Intermediate Court in a ruling, asking the defendant to stop all the misconducts.

Qihoo 360 had to warn Internet users of possible risks because of a possible disfunction of the Qihoo 360 products after the installation of the Kingsoft likes, pointed out the Beijing-based company, noting that it will lodge an appeal against the verdict with the Higher People's Court of Beijing. Qihoo 360 is required to make an open apology for the misconducts on its official website and pay its peer CNY 300,000 in compensation, according to the ruling.

Source: www.yicai.com (May 12, 2011)

KEYWORD: BEIJING INDUSTRY KEYWORD: Internet & Online Services & Media SUBJECT CODE: Internet & Online Services
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antivirus software
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