This excerpt taken from the SOHU 10-K filed Mar 25, 2005.
The acquisition and integration of 17173.com, Focus.cn and Goodfeel create certain risks and uncertainties.
We completed the acquisitions of 17173.com and Focus.cn in November 2003 and the acquisition of Goodfeel in May 2004. As a result of the acquisitions, we continue to spend considerable time and effort in integrating into our company the employees, organization, customers and operations of 17173.com, Focus.cn and Goodfeel. Also, there can be no assurance that we will succeed in realizing the anticipated economic benefits of the acquisitions, including increased advertising and wireless revenues.