Looks like SOHU just warned for 3rd quarter and could get clobbered with a P/E over 100. According to consensus estimates on Yahoo which may not be accurate they missed EPS and revenue for this quarter as well and sequentially for next quarter EPS DECREASES and Revenue increases slightly but far less than what you see on Yahoo. If correct, the combination bad news from SOHU and ASIA could make for a very bad day for chinese internets tomorrow.