These businesses are in their early stages in China. Search, e-commerce and wireless are relatively nascent industries.

I think the initial read of the numbers was disappointing for a lot of people. Guidance as of last quarter was $500 (million)-to-$530 million. With typical analyst and investor behavior, we expect companies to upside from what their guidance is.

Investors need to be able to stomach this ride, must keep at the forefront of their minds that they're buying into this for the long-term, because there are lots of short-term uncertainties.

The long-term fundamentals are intact and similar to what we saw here in the Internet sector.

It will be considered a one-time adjustment, rather than any real growth in a company's value.

Trade has all the fascination of gambling without its moral guilt.