March 17, 2006

Since the Washington Post article cites

posted by MR WAVETHEORY at 3/17/2006 03:47:00 AM

Since the Washington Post article cites significant click fraud at Google, I went through the 10K to see what Google says. According to the filing, Google has regularly refunded invalid clicks to advertisers and intends to do so even retrospectively. This implies that Google is exposed to past fraud and also future fraud. In fact, the paragraph on click fraud ends with a warning from Google that it continues to be exposed to litigation risk from click fraud, even after the recently announced $90 million settlement. Past click fraud, which has been undetected, could become an unquantifiable future liability. Henry Blodgett seems to agree.

If we fail to detect click fraud or other invalid clicks, we could lose the confidence of our advertisers, thereby causing our business to suffer.

We are exposed to the risk of fraudulent clicks and other invalid clicks on our ads from a variety of potential sources. We have regularly refunded fees that our advertisers have paid to us that were later attributed to click fraud and other invalid clicks, and we expect to do so in the future. Invalid clicks are clicks that we have determined are not intended by the user to link to the underlying content, such as inadvertent clicks on the same ad twice and clicks resulting from click fraud. Click fraud occurs when a user intentionally clicks on a Google AdWords ad displayed on a web site for a reason other than to view the underlying content. If we are unable to stop these invalid clicks, these refunds may increase. If we find new evidence of past invalid clicks we may issue refunds retroactively of amounts previously paid to our Google Network members. This would negatively affect our profitability, and these invalid clicks could hurt our brand. If invalid clicks are not detected, the affected advertisers may experience a reduced return on their investment in our advertising programs because the invalid clicks will not lead to potential revenue for the advertisers. This could lead the advertisers to become dissatisfied with our advertising programs, which has led to litigation, could lead to further litigation and could lead to a loss of advertisers and revenues.

March 16, 2006

The Washington Post reports that Advertisers Are Coming Up Empty with Google

posted by MR WAVETHEORY at 3/16/2006 10:26:00 PM
The Washington Post reports that Advertisers Are Coming Up Empty with Google. Radiator.com, which spends $40,000 per month on Google found that 35% of paid clicks reported by Google were fraudulent, and that 17% of paid clicks on Yahoo were fraudulent. The Washington Post implies that nearly 1 in 3 to 1 in 5 clicks on Google are fradulent.

Radiator.com got a jolt this month from the firm it hired to audit the nearly $40,000 worth of sponsored links it buys every month from Google and Yahoo.

It appears that many of the clicks on the Web site's search-engine ads were made not by potential customers but instead by automated programs or people trying to drive up Radiator's advertising bill. Like other advertisers that place links on search engines, Radiator.com pays only when people click on the links.

After analyzing where and when each click came from, auditing firm ClickFacts Inc. estimated that 35 percent of the referrals that Radiator paid Google for stemmed from bogus traffic. Likewise, 17 percent of the leads that came from Yahoo search results were illegitimate.

Google's 10-K is out today

posted by MR WAVETHEORY at 3/16/2006 01:03:00 PM
Google's 10-K is out today. There are several interesting notes in there:

1) Our revenue growth rate has generally declined over time, and we expect it will continue to do so as a result of increasing competition and the difficulty of maintaining growth rates as our revenues increase to higher levels.

Mr Wave Theory's Translation: Growth rates and margins are exepcted to slow and not accelerate as most Wall Street analysts would predict.

2) Prior to the second quarter of 2004, these seasonal trends may have been masked by the substantial quarter over quarter growth of Internet traffic focused on commercial transactions and ultimately by the substantial quarter over quarter growth in our revenues. In addition, in the third quarters of 2004 and 2005 these seasonal trends may have been masked by certain monetization improvements to our advertising programs, as well as by the continued expansion of our global advertiser base and partner network.

Mr Wave Theory's Translation: In Q2 2004, internet traffic masked slow down in our business. In Q3 2004 and 2005, we masked the slow down by adding more ads to our search results and increasing their font size.

3) Beginning in the second quarter of 2004, growth in advertising revenues from our web sites has exceeded that from our Google Network members’ web sites. We expect that this will continue in the foreseeable future although the relative rate of growth in revenues from our web sites compared to the rate of growth in revenues from our Google Network members’ web sites may vary over time.

Mr Wave Theory's Translation: Expect to see us tweek our mix of revenue so that we hit our operating margin targets. We will do so by adding fewer partners into the Google Network. We will be spending less to buy other people's traffic.

4) Our operating margin may decrease as we invest in building the necessary employee and systems infrastructures required to manage our anticipated growth. We have experienced and expect to continue to experience substantial growth in our operations as we invest significantly in our research and development programs, expand our user, advertiser and Google Network member bases and increase our presence in international markets, as well as promote the distribution of our Google toolbar and other products in order to make our services easier to access.

Mr Wave Theory's Translation: We will be spending more to buy other people's traffic by paying for toolbar distribution.

5) We currently anticipate that our effective tax rate will decrease to approximately 30% in 2006 from 31.6% in 2005, primarily because we expect that our Irish subsidiary will recognize proportionately more of our earnings in 2006 as compared to 2005, and such earnings are taxed at a lower statutory tax rate than in the U.S. However, if future earnings recognized by our Irish subsidiary are not as proportionately great as we expect, our effective tax rate will be higher than we currently expect.

Mr Wave Theory's Translation: We get a real sweet tax deal in Ireland so we will be moving more business there to get a tax break.

Google then lists a laundry list of risks which most analysts have been happy to ignore so far:

1) AOL - We rely on our Google Network members for a significant portion of our revenues, and we benefit from our association with them. The loss of these members could adversely affect our business. In addition, advertising and other fees generated from one Google Network member, AOL, primarily through our AdSense program, accounted for approximately 9% of our revenues in 2005.

Mr Wave Theory's Translation: We still haven't closed our deal with AOL but we're going to bend over backwards to do it.

2) Click fraud - If we fail to detect click fraud or other invalid clicks, we could lose the confidence of our advertisers, thereby causing our business to suffer.

Mr Wave Theory's Translation: Click is a major issue and we'd just like you to be aware that you are factoring it in.

3) Index spamming - Index spammers could harm the integrity of our web search results, which could damage our reputation and cause our users to be dissatisfied with our products and services.

Mr Wave Theory's Translation: We are getting spammed like crazy by direct marketers and expect us to throw a lot of bodies at cleaning up this problem.

3) Privacy concerns - Privacy concerns relating to our technology could damage our reputation and deter current and potential users from using our products and services.

Mr Wave Theory's Translation: We keep all your search history and data and this is becoming a big liability.

4) Hiring and stock options - The incentives to attract, retain and motivate employees provided by our option grants may not be as effective as in the past and our current and future compensation arrangements, which include cash bonuses, may not be successful in attracting new employees and retaining and motivating our existing employees. In addition, we have recently introduced new stock award programs, and under these new programs new employees will be issued a portion of their stock awards in the form of restricted stock units.

Mr Wave Theory's Translation: Google is no longer a place to get rich, so we may have problems hiring talented people. In order to fix this problem, we are granting GSUs which will dilute your ownership in our business. Our old employees are vesting in peace (VIPs).

March 15, 2006

WSJ Finally Prints News That Mr Wave

posted by MR WAVETHEORY at 3/15/2006 08:01:00 PM




The WSJ finally prints the news that Mr Wave Theory broke last night - that AOL is launching In2TV to compete with Google Video. The article does have an interesting factoid.

An estimated 63 million U.S. Internet users watch online video at least once a month, according to Parks Associates, a Dallas-based market researcher. Eight percent of those viewers say they are paying for the content, according to the survey, completed this month.

FT Reports That Google Is Considering

posted by MR WAVETHEORY at 3/15/2006 05:56:00 PM
The FT reports that Google is considering a retail push. Frankly, I don't get it. If someone does, please educate me. It appears to be yet another PR stunt - call it the daily Google PR stunt.
Google (NASDAQ:GOOG) is attempting a significant push into the European retail industry with plans to launch a service aimed at giving traditional bricks-and-mortar retailers a base from which to market and sell their goods online.

The US-based search engine company plans to develop Google Base, a product still in testing, into an online retail platform. The service would give retailers access to the hundreds of millions of Google users.

As I Mentioned Yesterday Microsoft

posted by MR WAVETHEORY at 3/15/2006 05:51:00 PM
As I mentioned yesterday, the Microsoft news would have a negative impact on the stock price of Google which fell -6.66 today to close at 344.50. While a significant number of institutional investors are still in denial, I think it really has made the Microsoft threat more real. Microsoft's breadth of products makes Google's products look like toys in comparison.

Live Mail wins hands down against GMail
Office Live wins hands down against Blogger
MSN portal wins hands down against Google Personal

March 14, 2006

Why Is Microsoft's Advertising

posted by MR WAVETHEORY at 3/14/2006 11:53:00 PM
Why is Microsoft's advertising announcement bad for Google? Because Microsoft is attacking Google's weakest link. Google excels at catering to direct marketers but it is horrible at dealing with brand advertisers. To put things into perspective, hear this out.

Google is a direct marketer's wet dream. Unfortunately, direct marketers are very price sensitive. These are the companies hawking flowers, toys, and other unwanted products. When keyword pricing moves up, they bail. That's what happened in Q4. Keyword prices went up and Google's revenue growth slowed down because direct marketers rebelled.

Google frankly stinks at brand advertising. Have you seen a Coca Cola ad on Google? No. Why? Because you can't sell the image of Coca Cola with a one line text link, and until Google figures out how, Coca Cola won't do anything. So, for now, what does Coca Cola want from Google? Nothing.

Now, ask yourself what happens when MSN offers Coca Cola or Yahoo branding opportunities on their home page with video spots and Flash rich media? Coca Cola jumps at it - as in the case of the MSN trial. Coca Cola loves it. That's their bread and butter because that's what they know. Coca Cola doesn't do direct response marketing. They do brand marketing. And while direct response may be big, brand advertising is huge. Brand advertising = television advertising.

Why can't Google do this? Simple. Google's product management philosophy is to build a site that allows users to find what they are looking for and leave the site as fast as possible. Oh and by the way, in case you haven't noticed, Google doesn't sell ads on its home page.

Mr

posted by MR WAVETHEORY at 3/14/2006 11:03:00 PM



Mr. Softie has fired its first shot against Google. Microsoft Developing Web's Largest Advertising Network - Ad Testing Begins on Office Live, Windows Live Mail and MSN Spaces. Apparently, most of Microsoft's next generation initiatives will be advertising supported. The announcement is interesting for several reasons. First, Microsoft's test partners are brand advertisers as opposed to direct marketers (which are Google's primary customers). Since the vast majority of ad dollars are spent on brand advertising, the market size is significantly larger. Second, Microsoft is not merely focused on search. In fact, the announcement shows that Microsoft's advertising strategy is much broader as tests are conducted through Office Live, Live Mail, and MSN Spaces. Finally, the message is clear - Microsoft will not take the heat from Google lying face down. Google will have to spend more money either on acquisitions or on talent, meaning that costs will be going up. This announcement really marks the beginning of the end for Google. The barriers to entry for Google's businesses are very low as evidenced by Amazon's unexpected announcement that it will be attacking the online storage market which Google has been secretly working on and also plans to enter. And yet the barriers to success are very high. Google has shown that it can only succeed in one business - search. Watch out Google.


Coca-Cola Brazil, JCPenney and Monster Worldwide are among the 20 global marketers participating in the initial ad tests. The results of the multiple ad formats being tested will help determine which ad offerings provide the best return on investment for marketers while adding value to the consumer experience.

“Taking part in the Windows Live Mail beta program is something that perfectly matches Coca-Cola’s day-by-day attitude,” said Monica Horcades, marketing director for Coca-Cola Brazil. “We understand that one of the most important roles of a global brand like us is to believe, support and stimulate innovation in communication of all kinds, especially on the Web. Coca-Cola has always been a pioneer on talking to young people wherever and whenever they are. It’s in our brand’s DNA. And we believe that Windows Live Mail is going to be a great way to do that.”

Microsoft will continue to invest heavily in MSN.com, as well as continue to explore new advertising opportunities on Live.com, OfficeLive.com, Microsoft.com, the Xbox Live® service, Internet Protocol television (IPTV), mobile devices and other Microsoft properties.

AOL Announced That Video Is Core Part

posted by MR WAVETHEORY at 3/14/2006 10:35:00 PM



AOL announced that video is a core part of its online growth strategy. AOL clearly sees itself competiting with Google. You may recall that Google Video is a direct competitor to AOL Video. It is surprising to see that there is no mention of Google as an advertising partner since Google is currently AOL's largest source of advertising revenue. It looks like AOL is done using Google and now plans to go stag. This only makes sense since AOL owns a treasure trove of online content that it produces via TimeWarner, while Google has no content production capabilites of its own. Watch out Google - your largest partner is turning into your largest competitor.

AOL said it plans to launch on Wednesday one of the biggest free video services on the Internet, serving up vintage shows and short clips backed by online advertisements.

The service, called In2TV, will launch with four advertisers -- Intel Corp., (INTC.O: Quote, Profile, Research) Kia Motors Corp., (000270.KS: Quote, Profile, Research) Kraft Foods Inc., (KFT.N: Quote, Profile, Research) and Hershey Co. (HSY.N: Quote, Profile, Research)
"It's from the strength of the online advertising market that we can bring free on demand (videos)," Kevin Conroy, executive vice president of AOL Media Networks said in an interview.
In2TV will feature thousands of shows from corporate sibling Warner Bros., which owns the rights to shows that include "Welcome Back Kotter", "Kung Fu" and "Growing Pains."

AOL now sees video as a linchpin to the company's turnaround after its online presentation of the Live 8 global concerts last year were watched by more viewers than those on TV. Free videos will make up the bulk of its growth, Conroy said. "The real volume of activity is in the free streaming (video) model," he said.

Marketwatch Reports That US May Levy

posted by MR WAVETHEORY at 3/14/2006 08:24:00 PM
Marketwatch reports that the US may levy tariffs and protectionist policies against China. The tariff would have devastating effects on the economy, bring the US back to an era, post circa-1929, of the Smoot Hawley Tariff.

"When China fails to act, it only strengthens those who want to build protectionist barriers around the U.S. market," Gutierrez said. "That's the last thing we need." Pending legislation would impose tariffs of 27.5% on all Chinese imports unless China revalues its currency.

WSJ Reports That Google Must Turn Over

posted by MR WAVETHEORY at 3/14/2006 11:36:00 AM

The WSJ reports that Google must turn over data to the DOJ.

A federal judge said he is likely to require Google Inc. to turn over some information about its users' searches to the Justice Department, after the government said it would scale back its request.

After a hearing in San Jose, Calif., U.S. District Court Judge James Ware said he will pay special attention to privacy concerns as he weighs the government's request for the information with the interests of a private company.

The legal showdown over how much of the Web's vast databases should be shared with the government has pitted the Bush administration against the Internet giant, which resisted a subpoena to turn over any information because of user privacy and trade secret concerns.
The Justice Department downplayed Google's concerns, arguing it doesn't want any personal information nor any data that would undermine the company's thriving business. At Tuesday's hearing, a lawyer for the Justice Department told Judge Ware that the government would like to have a random selection of 50,000 Web addresses and 5,000 random search requests from Google, a small fraction of the millions the government originally sought.

Berkshire Hathaway Inc.

posted by MR WAVETHEORY at 3/14/2006 11:04:00 AM
BERKSHIRE HATHAWAY INC.

Warren Buffett wrote a very interesting vignette in his annual letter about the Helpers and the GotRocks. To provide some background for readers, Warren asks the reader to suppose that all American corporations are owned by a single family. The GotRocks are truly a wealth family. One day, the Helpers take notice and begin to hover around.

Imagine for a moment that all American corporations are, and always will be, owned by a single family. We'll call them the Gotrocks. After paying taxes on dividends, this family -- generation after generation -- becomes richer by the aggregate amount earned by its companies.

Today that amount is about $700 billion annually. Naturally, the family spends some of these dollars. But the portion it saves steadily compounds for its benefit. In the Gotrocks household everyone grows wealthier at the same pace, and all is harmonious

But let's now assume that a few fast-talking Helpers approach the family and persuade each of its members to try to outsmart his relatives by buying certain of their holdings and selling them certain others. The Helpers -- for a fee, of course -- obligingly agree to handle these transactions. The Gotrocks still own all of corporate America; the trades just rearrange who owns what.

So the family's annual gain in wealth diminishes, equaling the earnings of American business minus commissions paid. The more that family members trade, the smaller their share of the pie and the larger the slice received by the Helpers. This fact is not lost upon these broker-Helpers: Activity is their friend, and in a wide variety of ways, they urge it on.

If you don't have time to read the entire post, at least walk away with this. The Fourth Law of Motion as posited by Warren Buffett:

For investors as a whole, returns decrease as motion increases.

Google Has Acquired @Last Software

posted by MR WAVETHEORY at 3/14/2006 10:30:00 AM
Google has acquired @Last software. @Last are the developers of the truly awesome SketchUp application - a 3D environment for Windows and Mac OS X.SketchUp is an incredible and innovative tool. I love playing with it, but I can't possibly justify the $495 price tag. Could it be that Google might offer it for free? I hope this is an acquisition in the style of Picasa (which was released more-or-less as-is but for free) and not in the style of Urchin (which completely screwed over TextDrive in a big way). Check out the posting on the Google Blog http://googleblog.blogspot.com/2006/03/new-home-for-last-software.html

I am starting to understand Google's M&A strategy.

We buy profitable software companies that have paying customers and make them free and turn them into unprofitable companies.

DJ Wire Says Judge Expresses

posted by MR WAVETHEORY at 3/14/2006 09:45:00 AM
The DJ Wire says Judge Expresses Reservations about DOJ Claims vs Google. What does this cryptic note mean? Is the judge supportive of the secretive and illegal information being distributed by Google? This is a move to fade.

CFA Magazine's January/February Cover is

posted by MR WAVETHEORY at 3/14/2006 08:44:00 AM
CFA Magazine's January/February Cover is "What If Markets Are Targets." Requires subscription. Post your email if you would like a PDF copy. The opening paragraph is about a real life act of terrorist where 260 people were killed at the Bombay Stock Exchange when a car bomb exploded in the garage.


It was a perfectly ordinary day at the stock exchange. Three thousand brokers crowded the busy trading floor. At 1:25 p.m., a bomb went off in the basement garage. “We were all lifted above the ground by two feet,” one trader told the newspapers later. “There was blood everywhere and people were rushing to get out,” the director of the exchange said. Some traders were trampled to death in the stampede. In all, 50 people died at the exchange that day.

Fact or fiction? It really happened. The explosion at the Bombay Stock Exchange in 1993 was one of several attacks that killed 260 people across the city that day. And
it wasn’t the first time a stock exchange had been bombed. In 1990, a bomb destroyed most of the visitors’ gallery and tore a hole in the façade of the London Stock Exchange. There were no casualties, partly because the bomb threat was phoned in but also partly because electronic trading had already supplanted activity on the trading floor in London to the point that the visitors’ gallery was scheduled to be closed. (The “electronification” of trading is a key point in security thinking, as we shall see later.)

Add to these incidents the suspension of trading in the United States for four days after the terrorist attacks of 11 September 2001, and you cannot help but wonder what major security threats face financial markets today — and what investment firms, stock exchanges, and regulators are doing about them.

Amazon has launched online web storage service

posted by MR WAVETHEORY at 3/14/2006 08:42:00 AM
Amazon has launched an online web storage service:

S3 lets developers pay only for what they consume and there is no minimum fee. Developers pay just $0.15 per gigabyte of storage per month and $0.20 per gigabyte of data transferred.

March 13, 2006

This is a hilarious Internal Google Memo

posted by MR WAVETHEORY at 3/13/2006 04:38:00 PM
This is a hilarious Internal Google Memo from megayieldseeker who posts regularly on the Yahoo board.


Internal Google Memo !by: megayieldseeker (42/M)
03/13/06 07:25 pm

October 10, 2006
Internal Distribution Only - Do Not Distribute
Google Human Resources & Fun Department

Dear Employee:

Recently, there has been some negative press regarding how employees of our Fun Factory spend their time. To counteract this unfair negative publicity, we are asking that employees comply with the following new HR&F policies:

1) You may bring a strict limit of two of the following to work in the morning: a skatehoard, a fishtank, a silicone-enhanced girlfriend, an air hockey table, or a nerf basketball set. If you bring more than two, you will be awarded 10,000 fewer GSUs than the normal increase of 100,000 we intend to give out.

2) You are required to be at work for a minimum of 45 minutes per day, effective immediately. You are not required to be "working" during all of that time, but you must be present. If this is an imposition, you may contact your Friendly Team Leader (FTL) to discuss a 20 or 30 minute at-work exception.

3) You are limited to the purchase of one sports team per week, no exceptions.

4) Any Porsches you give as presents on a first date cannot have license plates that say "TNX GOOG"

5) After loading video games on your computer, you must have at least 10 MG free space for work stuff.

6) Whenever a reporter or analyst is in the building, you must begin repeating the phrase "We will crush Microsoft with our superior intellect" until that person has left the building.

7) The cafeteria will no longer sell tofu burgers and soy milk as a package. You will have to buy them seperately.

8) We ask that you monitor your email usage to ensure that a minimum of 1 of every 100 emails is work related.

9) No more sex on the foosball table, unless it involves a woman.

10) The next time someone wanders through HQ with a videocam, offer to buy it from them for a few GSUs - do not let them leave the building with a video of what we actually do in here.Thank you for your cooperation.

Google failed to stay above the 200 Day

posted by MR WAVETHEORY at 3/13/2006 12:08:00 PM
Google failed to stay above the 200 Day EMA 3 times in the last 3 days. This is setting up to be a massive short. See my previous post on Yahoo's analog chart and my 248 prediction.

SilivonValley.com

posted by MR WAVETHEORY at 3/13/2006 10:31:00 AM
SilivonValley.com reports that Google is going to court on Tuesday.

In a widely anticipated hearing in San Jose federal court, lawyers for the Mountain View-based search engine and the government will square off Tuesday over whether Google should be forced to turn over a vast array of data, including 1 million Web addresses. The case is viewed by many experts as a test of how vulnerable the voracious search habits of the nation's Web users might be to the prying eyes of government.

Accoona has raised $100 million to

posted by MR WAVETHEORY at 3/13/2006 08:48:00 AM
Accoona has raised $100 million to compete against Google according to MarketWatch. Today's NY Times has a profile on Accoona. The company is led by former Compaq CEO Eckard Pfeiffer. My sources mentioned that Pfeiffer was quite the dot com CEO, flying in jets with hot blonde secretaries and spending lavish cash on parties. We all know how Compaq ended up - getting gobbled up. The company also has ties to the Chinese government.

The Web site was started in China and the United States in November 2004, with Eckhard Pfeiffer, Compaq Computer's former chief executive, as chairman, and with the company's headquarters in New Jersey. The name Accoona, according to its Web site, is derived from the Swahili phrase "Hakuna Matata," which means "Don't worry, be happy."

The AP just reported that the Tokyo Stock Exchange

posted by MR WAVETHEORY at 3/13/2006 08:23:00 AM
The AP just reported that the Tokyo Stock Exchange will delist LiveDoor. This is significant because Livedoor was the #2 Internet company in terms of market cap - prior to being charged with fraud - second only to Softbank. LiveDoor shares have lost 90% of their value since January falling from over 700 yen to 66 yen on Monday erasing close to $7 billion in market capitalization. Over 200,000 investors held Livedoor shares and lost money due to the fraud. There is now a class action lawsuit being filed.

Google was recently accused of click fraud (estimated at 20% of revenues) and the delisting of LiveDoor brings into serious question the growth and profitability of internet companies. Google's fraud is even more serious because it brings into question the revenue growth achieved over the past year. Google never reveals the types of publishers it has in its network. The risks inherent in Google's business are never quite factored in as pointed out by PhilStocks which says that Google will have to own 100% of the search market in 2009 in order to justify its current valuation. This is quite unlikely given that MSN just launched Adcenter into beta and Yahoo is beta testing Yahoo Publisher.

Tokyo Stock Exchange to Delist LivedoorMonday
March 13, 10:44 am ET By
Hiroko Tabuchi, Associated Press Writer Tokyo Stock Exchange to Delist Livedoor
Shares Over Alleged Securities Law Breaches TOKYO (AP) -- Shares of disgraced
Japanese Internet startup Livedoor Co. will be delisted from the Tokyo Stock
Exchange next month over alleged securities law violations, the exchange said
Monday.The exchange will remove Livedoor's stock -- which has fallen 90 percent
in the last two months -- from the so-called Mothers market of emerging
companies on April 14, the TSE said in a statement.

Yahoo has quietly launched its Adsense killer called Yahoo Publisher

posted by MR WAVETHEORY at 3/13/2006 07:35:00 AM
Yahoo has quietly launched its Adsense killer called Yahoo Publisher. Unlike Adsense, Yahoo appears to be going after much higher quality publishers. Yahoo insists:

"If your site generates more than two million searches or 20 million page views monthly, you may be eligible for a customized program featuring a full range of Yahoo! products and dedicated account management"

I found this cool search engine today called PeopleBot

posted by MR WAVETHEORY at 3/13/2006 05:44:00 AM
I found this cool search engine today called PeopleBot. Interestingly, I found that they had Eric Schmidt's phone number. Check it out. Also, satellite photo of his address.