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Google Announces First Quarter 2012 Results and Proposal for New Class of Stock

Proposal Would Effectively Implement 2-for-1 Stock Split While Preserving Long-Term Governance Structure

MOUNTAIN VIEW, Calif. – April 12, 2012 - Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended March 31, 2012.

“Google had another great quarter with revenues up 24% year on year,” said Larry Page, CEO of Google. “We also saw tremendous momentum from the big bets we’ve made in products like Android, Chrome and YouTube. We are still at the very early stages of what technology can do to improve people's lives and we have enormous opportunities ahead. It is a very exciting time to be at Google.”

Google announced today that its Board of Directors unanimously approved a stock dividend proposal designed to preserve the corporate structure that has allowed Google to remain focused on the long term. More information is available on our Investor Relations site, including a letter from our founders Larry Page and Sergey Brin explaining the proposal, and in our forthcoming proxy statement.


Q1 Financial Summary

Google reported revenues of $10.65 billion for the quarter ended March 31, 2012, an increase of 24% compared to the first quarter of 2011. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the first quarter of 2012, TAC totaled $2.51 billion, or 25% of advertising revenues.

Google reports operating income, operating margin, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis. The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures at the end of this release.

GAAP operating income in the first quarter of 2012 was $3.39 billion, or 32% of revenues. This compares to GAAP operating income of $2.30 billion, or 27% of revenues, in the first quarter of 2011. Non-GAAP operating income in the first quarter of 2012 was $3.94 billion, or 37% of revenues. This compares to non-GAAP operating income of $3.23 billion, or 38% of revenues, in the first quarter of 2011.
GAAP net income in the first quarter of 2012 was $2.89 billion, compared to $1.80 billion in the first quarter of 2011. Non-GAAP net income in the first quarter of 2012 was $3.33 billion, compared to $2.64 billion in the first quarter of 2011.
GAAP EPS in the first quarter of 2012 was $8.75 on 330 million diluted shares outstanding, compared to $5.51 in the first quarter of 2011 on 326 million diluted shares outstanding. Non-GAAP EPS in the first quarter of 2012 was $10.08, compared to $8.08 in the first quarter of 2011.
Non-GAAP operating income and non-GAAP operating margin exclude the expenses related to stock-based compensation (SBC) and a charge related to the resolution of a Department of Justice investigation in the first quarter of 2011. Non-GAAP net income and non-GAAP EPS exclude the expenses noted above, net of the related tax benefits. In the first quarter of 2012, the charge related to SBC and related tax benefits were $556 million and $118 million compared to $432 million and $92 million in the first quarter of 2011. In the first quarter of 2011, the charge related to the resolution of the Department of Justice investigation was $500 million. We recognized no tax benefit for the charge related to the resolution of the Department of Justice investigation. Reconciliations of non-GAAP measures to GAAP operating income, operating margin, net income, and EPS are included at the end of this release.
Q1 Financial Highlights

Revenues – Google reported revenues of $10.65 billion in the first quarter of 2012, representing a 24% increase over first quarter 2011 revenues of $8.58 billion. Google reports its revenues, consistent with GAAP, on a gross basis without deducting TAC.

Google Sites Revenues - Google-owned sites generated revenues of $7.31 billion, or 69% of total revenues, in the first quarter of 2012. This represents a 24% increase over first quarter 2011 revenues of $5.88 billion.

Google Network Revenues - Google’s partner sites generated revenues of $2.91 billion, or 27% of total revenues, in the first quarter of 2012. This represents a 20% increase from first quarter 2011 network revenues of $2.43 billion.

International Revenues - Revenues from outside of the United States totaled $5.77 billion, representing 54% of total revenues in the first quarter of 2012, compared to 53% in the fourth quarter of 2011 and 53% in the first quarter of 2011. Excluding gains related to our foreign exchange risk management program, had foreign exchange rates remained constant from the fourth quarter of 2011 through the first quarter of 2012, our revenues in the first quarter of 2012 would have been $79 million higher. Excluding gains related to our foreign exchange risk management program, had foreign exchange rates remained constant from the first quarter of 2011 through the first quarter of 2012, our revenues in the first quarter of 2012 would have been $67 million higher.

Revenues from the United Kingdom totaled $1.15 billion, representing 11% of revenues in the first quarter of 2012, compared to 11% in the first quarter of 2011.
In the first quarter of 2012, we recognized a benefit of $37 million to revenues through our foreign exchange risk management program, compared to $14 million in the first quarter of 2011.
A reconciliation of our non-GAAP international revenues excluding the impact of foreign exchange and hedging to GAAP international revenues is included at the end of this release.

Paid Clicks – Aggregate paid clicks, which include clicks related to ads served on Google sites and the sites of our Network members, increased approximately 39% over the first quarter of 2011 and increased approximately 7% over the fourth quarter of 2011.

Cost-Per-Click – Average cost-per-click, which includes clicks related to ads served on Google sites and the sites of our Network members, decreased approximately 12% over the first quarter of 2011 and decreased approximately 6% over the fourth quarter of 2011.

TAC - Traffic acquisition costs, the portion of revenues shared with Google’s partners, increased to $2.51 billion in the first quarter of 2012, compared to TAC of $2.04 billion in the first quarter of 2011. TAC as a percentage of advertising revenues was 25% in the first quarter of 2012, compared to 25% in the first quarter of 2011.

The majority of TAC is related to amounts ultimately paid to our Network members, which totaled $2.04 billion in the first quarter of 2012. TAC also includes amounts ultimately paid to certain distribution partners and others who direct traffic to our website, which totaled $468 million in the first quarter of 2012.

Other Cost of Revenues - Other cost of revenues, which is comprised primarily of data center operational expenses, amortization of intangible assets, content acquisition costs, and credit card processing charges increased to $1.28 billion, or 12% of revenues, in the first quarter of 2012, compared to $897 million, or 10% of revenues, in the first quarter of 2011.

Operating Expenses - Operating expenses, other than cost of revenues, were $3.47 billion in the first quarter of 2012, or 33% of revenues, compared to $3.34 billion in the first quarter of 2011, or 39% of revenues.

Stock-Based Compensation (SBC) – In the first quarter of 2012, the total charge related to SBC was $556 million, compared to $432 million in the first quarter of 2011.

We currently estimate SBC charges for grants to employees prior to March 31, 2012 to be approximately $2 billion for 2012. This estimate does not include expenses to be recognized related to employee stock awards that are granted after March 31, 2012 or non-employee stock awards that have been or may be granted.

Operating Income – GAAP operating income in the first quarter of 2012 was $3.39 billion, or 32% of revenues. This compares to GAAP operating income of $2.30 billion, or 27% of revenues, in the first quarter of 2011. Non-GAAP operating income in the first quarter of 2012 was $3.94 billion, or 37% of revenues. This compares to non-GAAP operating income of $3.23 billion, or 38% of revenues, in the first quarter of 2011.

Interest and Other Income, Net – Interest and other income, net increased to $156 million in the first quarter of 2012, compared to $96 million in the first quarter of 2011.

Income Taxes – Our effective tax rate was 18% for the first quarter of 2012.

Net Income – GAAP net income in the first quarter of 2012 was $2.89 billion, compared to $1.80 billion in the first quarter of 2011. Non-GAAP net income was $3.33 billion in the first quarter of 2012, compared to $2.64 billion in the first quarter of 2011. GAAP EPS in the first quarter of 2012 was $8.75 on 330 million diluted shares outstanding, compared to $5.51 in the first quarter of 2011 on 326 million diluted shares outstanding. Non-GAAP EPS in the first quarter of 2012 was $10.08, compared to $8.08 in the first quarter of 2011.

Cash Flow and Capital Expenditures – Net cash provided by operating activities in the first quarter of 2012 totaled $3.69 billion, compared to $3.17 billion in the first quarter of 2011. In the first quarter of 2012, capital expenditures were $607 million, the majority of which was related to IT infrastructure investments, including data centers, servers, and networking equipment. Free cash flow, an alternative non-GAAP measure of liquidity, is defined as net cash provided by operating activities less capital expenditures. In the first quarter of 2012, free cash flow was $3.09 billion.

We expect to continue to make significant capital expenditures.

A reconciliation of free cash flow to net cash provided by operating activities, the GAAP measure of liquidity, is included at the end of this release.

Cash – As of March 31, 2012, cash, cash equivalents, and short-term marketable securities were $49.3 billion.

Headcount – On a worldwide basis, Google employed 33,077 full-time employees as of March 31, 2012, up from 32,467 full-time employees as of December 31, 2011.

WEBCAST AND CONFERENCE CALL INFORMATION

A live audio webcast of Google’s first quarter 2012 earnings release call will be available at http://investor.google.com/webcast.html. The call begins today at 1:30 PM (PT) / 4:30 PM (ET). This press release, the financial tables, as well as other supplemental information including the reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, are also available on that site.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that involve risks and uncertainties. These statements include statements regarding our continued investments in our core areas of strategic focus, our expected SBC charges, and our plans to make significant capital expenditures. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, unforeseen changes in our hiring patterns and our need to expend capital to accommodate the growth of the business, as well as those risks and uncertainties included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2011, which is on file with the SEC and is available on our investor relations website at investor.google.com and on the SEC website at www.sec.gov. Additional information will also be set forth in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2012. All information provided in this release and in the attachments is as of April 12, 2012, and we undertake no duty to update this information unless required by law.

ABOUT NON-GAAP FINANCIAL MEASURES

To supplement our consolidated financial statements, which statements are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP EPS, free cash flow, and non-GAAP international revenues. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures," "Reconciliation from net cash provided by operating activities to free cash flow," and “Reconciliation from GAAP international revenues to non-GAAP international revenues” included at the end of this release.

We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures that may not be indicative of our "recurring core business operating results," meaning our operating performance excluding not only non-cash charges, such as SBC, but also discrete cash charges that are infrequent in nature. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management's internal comparisons to our historical performance and liquidity as well as comparisons to our competitors' operating results. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.

Non-GAAP operating income and operating margin. We define non-GAAP operating income as operating income plus expenses related to SBC, and, as applicable, other special items. Non-GAAP operating margin is defined as non-GAAP operating income divided by revenues. Google considers these non-GAAP financial measures to be useful metrics for management and investors because they exclude the effect of SBC and as applicable, other special items so that Google's management and investors can compare Google's recurring core business operating results over multiple periods. Because of varying available valuation methodologies, subjective assumptions and the variety of award types that companies can use under FASB ASC Topic 718, Google's management believes that providing a non-GAAP financial measure that excludes SBC allows investors to make meaningful comparisons between Google's recurring core business operating results and those of other companies, as well as providing Google's management with an important tool for financial and operational decision making and for evaluating Google's own recurring core business operating results over different periods of time. There are a number of limitations related to the use of non-GAAP operating income versus operating income calculated in accordance with GAAP. First, non-GAAP operating income excludes some costs, namely, SBC, that are recurring. SBC has been and will continue to be for the foreseeable future a significant recurring expense in Google's business. Second, SBC is an important part of our employees' compensation and impacts their performance. Third, the components of the costs that we exclude in our calculation of non-GAAP operating income may differ from the components that our peer companies exclude when they report their results of operations. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from non-GAAP operating income and evaluating non-GAAP operating income together with operating income calculated in accordance with GAAP.

Non-GAAP net income and EPS. We define non-GAAP net income as net income plus expenses related to SBC, and, as applicable, other special items less the related tax effects. The tax effect of SBC is calculated using the tax-deductible portion of SBC and applying the entity-specific, U.S. federal and blended state tax rates. We define non-GAAP EPS as non-GAAP net income divided by the weighted average outstanding shares, on a fully-diluted basis. We consider these non-GAAP financial measures to be a useful metric for management and investors for the same reasons that Google uses non-GAAP operating income and non-GAAP operating margin. However, in order to provide a complete picture of our recurring core business operating results, we exclude from non-GAAP net income and non-GAAP EPS the tax effects associated with SBC and, as applicable, other special items. Without excluding these tax effects, investors would only see the gross effect that excluding these expenses had on our operating results. The same limitations described above regarding Google's use of non-GAAP operating income and non-GAAP operating margin apply to our use of non-GAAP net income and non-GAAP EPS. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from non-GAAP net income and non-GAAP EPS and evaluating non-GAAP net income and non-GAAP EPS together with net income and EPS calculated in accordance with GAAP.

Free cash flow. We define free cash flow as net cash provided by operating activities less capital expenditures. We consider free cash flow to be a liquidity measure that provides useful information to management and investors about the amount of cash generated by the business that, after the acquisition of property and equipment, including information technology infrastructure and land and buildings, can be used for strategic opportunities, including investing in our business, making strategic acquisitions, and strengthening the balance sheet. Analysis of free cash flow also facilitates management's comparisons of our operating results to competitors' operating results. A limitation of using free cash flow versus the GAAP measure of net cash provided by operating activities as a means for evaluating Google is that free cash flow does not represent the total increase or decrease in the cash balance from operations for the period because it excludes cash used for capital expenditures during the period. Our management compensates for this limitation by providing information about our capital expenditures on the face of the statement of cash flows and under the caption “Management's Discussion and Analysis of Financial Condition and Results of Operations” in our Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Google has computed free cash flow using the same consistent method from quarter to quarter and year to year.

Non-GAAP international revenues. We define non-GAAP international revenues as international revenues excluding the impact of foreign exchange and hedging. Non-GAAP international revenues are calculated by translating current quarter revenues using prior quarter and prior year exchange rates, as well as excluding any hedging gains realized in the current quarter. We consider non-GAAP international revenues as a useful metric as it facilitates management’s internal comparison to our historical performance.

The accompanying tables have more details on the GAAP financial measures that are most directly comparable to non-GAAP financial measures and the related reconciliations between these financial measures.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

This press release may be deemed to be solicitation material in respect of the solicitation of proxies from stockholders for Google’s 2012 annual meeting of stockholders (“2012 Annual Meeting”). Google intends to file with the Securities and Exchange Commission (the “SEC”) and make available to the stockholders of Google of record on April 23, 2012 a proxy statement containing important information about the proposed creation of a new class of stock (the “Proposal”) and certain other matters to be considered by the stockholders of Google at its 2012 Annual Meeting. BEFORE MAKING ANY VOTING DECISION, GOOGLE’S STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) WHEN IT BECOMES AVAILABLE CAREFULLY AND IN ITS ENTIRETY BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSAL AND CERTAIN OTHER MATTERS TO BE CONSIDERED AT THE 2012 ANNUAL MEETING.

Investors will be able to obtain the proxy statement and other relevant materials, when available, free of charge at the SEC’s website (http://www.sec.gov). In addition, documents filed with the SEC by Google, including the proxy statement when available, and the Annual Report on Form 10-K for the year ended December 31, 2011, will be available free of charge from Google, at Google’s website (http://www.google.com) or by writing to Google Inc., 1600 Amphitheatre Parkway, Mountain View, CA 94043, Attn: Corporate Secretary.

PARTICIPANTS IN THE SOLICITATION

Google and its directors, nominees, and executive officers may be deemed to be participants in the solicitation of proxies from Google’s stockholders with respect to the matters to be considered at the 2012 Annual Meeting, including the Proposal. Information regarding the names, affiliations, and direct or indirect interests (by security holdings or otherwise) of these persons will be described in the proxy statement to be filed with the SEC.

Contact:

Willa Lo
Investor Relations
+1-650-214-3381
wlo@google.com

Google Inc.
CONSOLIDATED BALANCE SHEETS
(In millions)

As of
December 31,
2011 * As of
March 31,
2012
(unaudited)
Assets
Current assets:
Cash and cash equivalents $9,983 $23,108
Marketable securities 34,643 26,208
Accounts receivable, net of allowance 5,427 5,163
Receivable under reverse repurchase agreements 745 550
Deferred income taxes, net 215 51
Prepaid revenue share, expenses and other assets 1,745 1,779
Total current assets 52,758 56,859
Prepaid revenue share, expenses and other assets, non-current 499 664
Non-marketable equity securities 790 880
Property and equipment, net 9,603 9,875
Intangible assets, net 1,578 1,541
Goodwill 7,346 7,325
Total assets $72,574 $77,144
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $588 $760
Short-term debt 1,218 2,468
Accrued compensation and benefits 1,818 1,017
Accrued expenses and other current liabilities 1,370 1,248
Accrued revenue share 1,168 1,164
Securities lending payable 2,007 2,252
Deferred revenue 547 594
Income taxes payable, net 197 239
Total current liabilities 8,913 9,742
Long-term debt 2,986 2,987
Deferred revenue, non-current 44 42
Income taxes payable, non-current 1,693 1,787
Deferred income taxes, net, non-current 287 384
Other long-term liabilities 506 490
Stockholders' equity:
Common stock and additional paid-in capital 20,264 20,795
Accumulated other comprehensive income 276 422
Retained earnings 37,605 40,495
Total stockholders' equity 58,145 61,712
Total liabilities and stockholders' equity $72,574 $77,144
* Derived from audited financial statements.

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Google Inc.
CONSOLIDATED STATEMENTS OF INCOME
(In millions, except share amounts which are reflected in thousands and per share amounts)

Three Months Ended
March 31,
2011 2012
(unaudited)
Revenues: $8,575 $10,645
Costs and expenses:
Costs of revenues ¹ 2,936 3,789
Research and development ¹ 1,226 1,441
Sales and marketing ¹ 1,026 1,269
General and administrative ¹ 591 757
Charge related to the resolution of Department of Justice investigation 500 -
Total costs and expenses 6,279 7,256
Income from operations 2,296 3,389
Interest and other income, net 96 156
Income before income taxes 2,392 3,545
Provision for income taxes 594 655
Net income $1,798 $2,890
Net income per share - basic $5.59 $8.88
Net income per share - diluted $5.51 $8.75
Shares used in per share calculation - basic 321,527 325,299
Shares used in per share calculation - diluted 326,383 330,136
¹ Includes stock-based compensation expense as follows:
Costs of revenues $49 $74
Research and development 237 299
Sales and marketing 78 97
General and administrative 68 86
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Google Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)

Three Months Ended
March 31,
2011 2012
(unaudited)
Operating activities
Net income $1,798 $2,890
Adjustments:
Depreciation and amortization of property and equipment 301 378
Amortization of intangible and other assets 100 133
Stock-based compensation expense 432 556
Excess tax benefits from stock-based award activities (24) (28)
Deferred income taxes 289 354
Gain on marketable equity securities - (44)
Other 36 (24)
Changes in assets and liabilities, net of effects of acquisitions:
Accounts receivable 181 301
Income taxes, net 73 143
Prepaid revenue share, expenses and other assets (78) (308)
Accounts payable 27 169
Accrued expenses and other liabilities 37 (855)
Accrued revenue share (33) (11)
Deferred revenue 33 40
Net cash provided by operating activities 3,172 3,694
Investing activities
Purchases of property and equipment (890) (607)
Purchases of marketable securities (7,591) (8,688)
Maturities and sales of marketable securities 4,645 17,201
Investments in non-marketable equity securities (131) (103)
Cash collateral received (returned) related to securities lending (481) 245
Maturities of reverse repurchase agreements 175 195
Acquisitions, net of cash acquired, and purchases of intangible and other assets (148) (92)
Net cash provided by (used in) investing activities (4,421) 8,151
Financing activities
Net proceeds (payments) related to stock-based award activities 116 (47)
Excess tax benefits from stock-based award activities 24 28
Proceeds from issuance of debt, net of costs 2,184 3,149
Repayments of debt (2,435) (1,900)
Net cash provided by (used in) financing activities (111) 1,230
Effect of exchange rate changes on cash and cash equivalents 145 50
Net increase (decrease) in cash and cash equivalents (1,215) 13,125
Cash and cash equivalents at beginning of period 13,630 9,983
Cash and cash equivalents at end of period $12,415 $23,108
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Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures

The following table presents certain non-GAAP results before certain material items (in millions, except share amounts which are reflected in thousands and per share amounts, unaudited):

Three Months Ended March 31, 2011 Three Months Ended March 31, 2012
GAAP
Actual Operating
Margin (a) Adjustments Non-GAAP
Results Non-GAAP
Operating
Margin (b) GAAP
Actual Operating
Margin (a) Adjustments Non-GAAP
Results Non-GAAP
Operating
Margin (b)
$432 (c) $556 (d)
500 (e)

Income from operations $2,296 26.8% $932 $3,228 37.6% $3,389 31.8% $556 $3,945 37.1%
$432 (c) $556 (d)
(92) (f) (118) (f)
500 (e)

Net income $1,798 $840 $2,638 $2,890 $438 $3,328
Net income per share - diluted $5.51 $8.08 $8.75 $10.08
Shares used in per share calculation - diluted 326,383 326,383 330,136 330,136
(a) Operating margin is defined as income from operations divided by revenues.
(b) Non-GAAP operating margin is defined as non-GAAP income from operations divided by revenues.
(c) To eliminate $432 million of stock-based compensation expense recorded in the first quarter of 2011.
(d) To eliminate $556 million of stock-based compensation expense recorded in the first quarter of 2012.
(e) To eliminate $500 million of the charge related to the resolution of Department of Justice investigation.
(f) To eliminate income tax effects related to expenses noted in (c) and (d).
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Reconciliation from net cash provided by operating activities to free cash flow (in millions, unaudited):

Three Months Ended
March 31, 2012
Net cash provided by operating activities $3,694
Less purchases of property and equipment (607)
Free cash flow $3,087
Net cash provided by investing activities* 8,151
Net cash provided by financing activities $1,230
* Includes purchases of property and equipment.

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Reconciliation from GAAP international revenues to non-GAAP international revenues (in millions, unaudited):

Three Months Ended
March 31,
2012 Three Months Ended
March 31,
2012
(using Q1'11's FX rates) (using Q4'11's FX rates)
United Kingdom revenues (GAAP) $1,150 $1,150
Exclude foreign exchange impact on Q1'12 revenues using Q1'11 rates 7 -
Exclude foreign exchange impact on Q1'12 revenues using Q4'11 rates - 4
Exclude hedging gains recognized in Q1'12 (4) (4)
United Kingdom revenues excluding foreign exchange and hedging impact (Non-GAAP) $1,153 $1,150

Rest of the world revenues (GAAP) $4,621 $4,621
Exclude foreign exchange impact on Q1'12 revenues using Q1'11 rates 60 -
Exclude foreign exchange impact on Q1'12 revenues using Q4'11 rates - 75
Exclude hedging gains recognized in Q1'12 (33) (33)
Rest of the world revenues excluding foreign exchange and hedging impact (Non-GAAP) $4,648 $4,663
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The following table presents our revenues by revenue source (in millions, unaudited):

Three Months Ended
March 31,
2011 2012
Advertising revenues:
Google websites $5,879 $7,312
Google Network Members' websites 2,427 2,913
Total advertising revenues 8,306 10,225
Other revenues 269 420
Revenues $8,575 $10,645
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The following table presents our revenues, by revenue source, as a percentage of total revenues (unaudited):

Three Months Ended
March 31,
2011 2012
Advertising revenues:
Google websites 69% 69%
Google Network Members' websites 28% 27%
Total advertising revenues 97% 96%
Other revenues 3% 4%
Revenues 100% 100%
Google Announces First Quarter 2012 Results and Proposal for New Class of Stock. Proposal Would Effectively Implement 2-for-1 Stock Split While Preserving Long-Term Governance Structure. Download PDF ...
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191 comments
Will G
 
Congrats Larry!
 
Well Done! for the next level ;-)
 
Well that about covers it +Larry Page :) Here's wishing Google continued success! Cheers!!
 
Mr. Larry all the support for you, remember that GOOGLE has to maintain its level of efficiency in industry, technology, and black people forget that there are very hungry and very mad that eventually are taking over the technology, the world relies on you
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Good stuff google keep up the work am a loyal user to all things google!!! I support everything u guys do!!!
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Steve jobs said he will create a company that will dent the universe he ended up denting his pocket from inside.... its +Google which actually did a much better job.
 
Glad but i cant beleive that Goodwill has reduced (depreciated). The fact is its under valued/under stated. You might have grown financially 24% but in the customers mind/userfriendly product level the real growth must be 240%. Keep rocking google team & larry
 
Congratulations on the split. I so wish I'd put a grand in when you guys went IPO - I nearly did, but chickened out at the last minute.
 
Oh come master Larry Page... The new gui is not good u.u. Dont copy facebook, be original. u.u
 
Sicko tu Thorsten eff your shit cuz you dont speak spanish peter street too .I.
 
Fair profits for a good company. #dontbeevil
 
My only suggestion from the earning's call....why isn't it on Hangout?
 
When i have to scroll down for 2 minutes to reach the end of this article i don't think it's the best way to use google +. Linking would be the better solutions
 
And now the next step : Google Drive.... with full access from New (Sony) Chromebooks and Tablets.... streaming Music, Video etc.
 
Its insane that they don't have the conference call on a hangout!!!!!
 
Great quarter! Apple is giving a tiny dividend. I wonder if Google is also thinking along these lines or is money better spent on growth?
 
Google Net Rises 61% As Stock Is Split
Wall Street Journal - 18 minutes ago
 
Good article but not enough details on google future direction...
 
Larry, when will we fix this #whitespace problem? that is really I care.
 
Congratulation Larry for your Great Job as Google CEO!!
Google Profit Rises 61%!!!!
 
Larry, thx for another great quarter. Btw, is the Google glasses coming out anywhere soon?
 
Google Larry Page showing that g+ is more than just a social media.It 's a business media.
 
Would be nice to post link or summary, google plus abused
 
Chromebook is the future.It is virus proof and android apps will be able to run seamlessly on chrome OS. Considering the trojan attack on MAC, chromebook will become "post native computing" system
 
Appreciate the good news
 
Go Google~ We know sometimes things can get tough but you have to push past the bad to see the good.
 
I don't like the new google+
 
ignore those ignorant investors and analysts! keep your great works!
 
Love the improvements to the Google+ layout. Definitely a lot more intuitive to navigate. Keep up the good work. Keep innovating :)
 
Congratulations to the Google team...
 
Congrats Team, Keep iterating.....
 
+Larry Page ... Sir i have an idea by which you can show ads on Google Plus with out cracking any patent ....
 
Larry Sir , your Google team is going awesome , please try to kill facebook shit with better ad programs and features
 
not sure i love location of profile pics. would like to see it float as i scroll down the page.
 
keep up the great work your dream is coming true in all the best ways that most large companies need to take a hint from.
 
It will be interesting to see how the two classes of shares diverge in the stock market. Hopefully, it won't create too much of a confusion.
 
new class of stocks, please tell me more... #realtalk
 
Maybe we can get Google to actually pay some taxes in the countries where it operates. Google is certainly fond of tax havens.

Methinks Larry Page thinks a little too highly of Google...
CP Sinh
 
Suggestion to Larry : Many People use Gmail, create functionality, so the Gmail user can see Goolge Plus updates in one liner on top of their email. Which will drive the people to Google Plus.
 
Quelle croissance 24% !!! En tant que pourcentage de croissance c'est énorme. 5, je ne sais combien de milliard de dollars de benifices. Je demande à google d' ouvrir une université dans un pays sous developé pourquoi le Maroc
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Mr. Page,

Did you know that Google Chrome does NOT work in VMware View, Citrix XenApp or Citrix XenDesktop and you cannot virtualize Google Chrome like IE, FF, or other common browsers? I truly enjoy Chrome, but for Enterprise 5000+ user environments with virtualization. It's 100% hands off.
 
Chromium Bug #84045 Open since early 2011 and "still" not fixed.
 
How to switch circles NOW!!!?
 
+Larry Page - new looks r great... but still chat box is not app as it covers the whole page... try to make fonts small
& still notification area and top menu bar disappoints me :(
 
Reaching 13,000 (standing ovation)
 
Nearly 5% GOOG stock plunge yesterday! I lost a ton on my options, but I have faith. Stupid WALL STREET ANALYSTS hear only one thing and don't get past it. CPC rates down...who cares! Can't they see margin strength is improving in businesses that matter in the future!? With FB getting bigger, that is where GOOG has to be competitive and they are doing a great job at it! Nice job Mr. Page.....I would put my money on you guys over the idiots on Wall Street any time!
 
That's right decision and certainly in the best interests of shareholders, no one could run company as successful as Larry and Sergey, and this commitment on restriction to sell C class shares without equal sales in voting shares is not really necessary
 
Dude, why do you make stock also split this confusing and difficult?
 
I have the same question as Pavani has
 
I know you will never answer to me...but...
are Italians white?
for youtube italians are not white...
I opened many tickets about many racist videos against italians
none of them was replied by youtube admins
must I start to think that youtube is racist.?
must I go to italian police and ask to close youtube site until they will not remove all racist videos...?
they(youtube admins) can't even say they are hard to find...
test yourself please go to youtube and write "italians not white"...
I know you will never answer me...
 
Why are you splitting your stock and leaving shareholders powerless?
 
Keep up the great work guys. Great products, great services and great financial numbers. Thanks
 
I would think the link to full quarterly statement would suffice.
 
集权式管理,for more power。
 
you are very intelligent man in the world,i use google chrome and google web and gmail and store and ...,you change my world,so thank you
 
I know you will never answer to me...but...
are Italians white?
for youtube italians are not white...
I opened many tickets about many racist videos against italians
none of them was replied by youtube admins
must I start to think that youtube is racist.?
must I go to italian police and ask to close youtube site until they will not remove all racist videos...?
they(youtube admins) can't even say they are hard to find...
test yourself please go to youtube and write "italians not white"...
I know you will never answer me...
 
while google continues to do well - you guys missed on acquiring Instagram when you are working on gaining traction in the social media space!
 
Mr. Page good luck I would be honored to work for you
 
how about becoming a naming rights partner for liverpool fc new stadium. The google stadium. Worldwide instant hit i reckon
 
Instead of issuing a new share class, why not buy back Class A stock? The shares looks pretty cheap to me (maybe 10.5x 2013 earnings excluding cash, even after accounting for the MMI acquisition and dilution from stock-based comp), so repurchases should create value for Google. Not only would repurchasing shares add value, but reducing the sharecount will further concentrate voting control with the founders (isn't this the point of the C shares proposal?) and reward long-term shareholders that don't sell their stock back to the company, since these shareholders would then own a greater proportion of the company's earnings stream. Wouldn't this be the Googly thing to do?
 
To be frank: do you already have a pair of Google Glasses?
 
hello mr.page
please give me your e-mail.
*thank you so much*
Le Minh
 
Tại sao trong trang Obama Google Plus lại tràn ngập tiếng Tàu, trong khi đó đây là thế giới của tư bản Plus. 2 anh Các Mác và Thomas Polya nói chuyện sao nỗi. Plus 2012 Release Candidate

Tận hưởng Plus 2012 online với Internet 8.0, Firefox 4, Chrome 12 hoặc các phiên bản cao
hơn
http://www.box.com/s/7dab93ee56a04aaeff81
Tận hưởng Plus 2012 offline với XP SP3, Ram 512 MB, VGA 64 MB hoặc các cấu hình cao hơn
http://www.mediafire.com/?f99h83cc99ep44t
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Hi Mr Page, can I have your email address?
 
FINALLY ! - Google Stock split is LONG overdue
 
Now all we need is to bring back Google LIVELY
 
We could also use better apps likein the Corning AWallMade of Glass Video
 
Another recent change to GOOGLE DOCS is they stopped us from adding a link to a graphic.

HELP

I was creating PDFs that could stream audio through clickng on a graphic that was LINKED TO A MP3 file on my server. Now I have to display the url!!!!!

Look
http://youtu.be/GSg3Mek-hJM
 
I would like to see every one of the seven billion people registered as a sole proprietor; their CV on the Google. Imagine the ad revenues. "Brian Elwin Pomeroy" or brianelwinpomeroy.posterous.com and click on services offered in Calgary.
 
Buenas.. como podríamos contactarnos con uds. (GOOGLE), ya que deseamos realizar negocios con uds. para nuestra empresa.. muchas gracias!..
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Sir my Account is having this Temporary Error (500) << gmail error ,

I am your reliable gmail user, please compensate , =)

Thanks you
 
Keep up the great work. Someone needs too keep the other guys in check. I just wish more oem that use icecream would allow for more open access to google apps. It really underminds the integrity of the google platform when other companies implement their own app structure.
 
I would like to see more deep integration on all products and services provided by Google. Beautiful design and coherently and consistently implement in all products and services. The seamlessly compatible services and products that can transfer information and data without much effort by users.
 
I always have this vision with me. I hope Google can spearhead a project that bring e-cash to the nation. Meaning, paper cash will no longer exist. All consumer and business transactions will be captured and transferred into cloud services.

Businesses no longer need to key in invoices and other paper documents, and instantly analyse daily/weekly transactions and take actions to respond to new situations.

Consumer will manage their personal finance with instant alert to inform them about current financial situation without going into debt.

What I am trying to picture here is just an instances of life, there are many things that need to be automated.

This way, it will create another sub-industry or even new industry to cope with this new things.

I hope you can help me to bring this vision into reality.

Thank you,
The Boy
Dan Ho
 
Good job #Google!
 
Message for Google
Dear Sir,
Most Urgent First of all I would like to congratulate your goodself on your huge effort to connect the whole world with google. it is indeed a very good effort. I would like to request goodself to add something more humane to your effort which will help people to search blood groups when needed particularly in developing countries means ONLINE BLOOD DATABASE. And thus it can help saving millions of lives all over the world by searching blood group through a well designed system when needed and you can do it very handsomely.
Thanking You in Advance
Vikas Kumar, India
919915998699
 
Stock split is childish. If you want more control, stop selling your stock and GASP, buy more on the open market like a man. It is a lie to say you are so focused on Google that investors should not worry where your allegiances lie. With every share sold and funds diverted away from Google, whether bc investing in a new startup or buying a personal jet pack, that's a diversion. Its a diversion the buyer of your sold shares doesn't have, so why shouldn't that buyer have more say... votes. Your company believes in the wisdom of crowds yet your A B C shares voting scheme betrays the wisdom of crowds in favor of the wisdom of two experts. Sound like a familiar mistake? Stop assuming your shareholders are evil and short-term focused. Stock split is a HORRIBLE idea and its why the stock was punished after the otherwise good report, and why it will continue to attract a low PE vs Facebook who will continue to outbid you for prizes like Twitter and valuable employees. Stock price MATTERS.
 
I have a suggestion but could not locate a way to message you other than a comment.. With FB stuffing "Timeline" down everyone's throat, now is the perfect time to capitalize on their users disappointment and get Google+ up to competition strength.. Simply getting the users over is no going to happen on its own.. but tell the users that if they move over to Google+, they will have the ability to mark the name, posts, etc.. as private and control if google.com will return any information on them when their name is googled.. Over night, you will have 50% + of FB users in Google+ and grow exponentially afterwards. People value privacy above all else.. embrace it.. user will follow.
 
thats some awesome bla bla !
 
Hi Larry, Please have someone fix the bugs with YouTube that makes the monetize button disappear and not return automatically once a video has been approved.
 
Larry, a new look Gmail, will kill Google...people hate you. I also hate you! People run away from your new solutions and work. Our eyes are sore, my heart hurts, from your design ugly gray text and background.
--------------------
read forum, read HERE http://productforums.google.com/forum/ #! category-topic/gmail/managing-settings-and-mail/zHq8h1KIHZs
 
Larry Page you are fantastic very more fantastic
 
Dear Larry,
Sorry to Disagree with Purple Nick... You Might be fantastic But The Google SerVice IS Most Certainly NOT.. My Server is Petulant and Annoying.. it keeps Crashing and I have to go out to an internet cafe on my Bike in the Rain to check my e mails.. I have fallen off my Bike Twice so far AND lost my chain and padlock...I should Really Sue Google for Emotional Distress and Ruining My Outfits.. I am trying to set up a company and need to be on the internet a lot.. Google is making this almost impossible.... I must say I am very surprised... I thought you would support Small Independent Businesses... not Try and Wreck them before they are even Existant... FaceBook seem to offer more Friendly Services to Independent Cutting Edge Companies.... why Don't you?? x
 
I'm sorry...Kate, are you blaming Google for your lack of internet connection at your house? I am fairly sure that they have nothing to do with that...
 
It's going to be harder and harder to keep the revenue up year after year... I just hope it won't cut from the product quality in order to monetize more...
 
this is in persian
use google translate to understand
اگه میشه قابلیت ترجمه ی گوگل(google translate) رو به گوگل + اضافه کنید تا بتونیم از جریان های به زبان های دیگه هم لذت ببریم
کاربران گوگل + تو این امر کمک زیادی به بهبوده ترجمه ها میکنن و اشتباها خیلی سریع برطرف میشه
البته اگه این قابلیت رو به صورته هوشمند اضافه کنید که فوق العاده میشه
ممنون
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+Larry Page , please I BEG you, put the "except" option to share on the circles. Sometimes we don't want to share something with our parents, our co-works or so on... That's so easy, just a "except" option. Please, do it!
 
Dear mr. Larry page,...can u help me as an android user,why we have to kill apps or clear chace in android?can u help us by making auto clear or something like that,couse that will make us more fun too use android,that will make it more user friendly.thx be 4
 
Larry, well done to you and the owners with the 2-1 stock split decision. This will encourage new investment and expansion of Google services, and no doubt provide some amazing capital for Google+. I like the company's direction of capital growth as opposed to dividend payouts, as with this non-stop momentum Google really will have the chance to expand into limitless markets and increase the value of service offered to all consumers.
 
感谢谷歌公司做出巨大努力!推动Google+在大陆发展!
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In the light of greenpeace' latest campaing 'clean our cloud': how green is google, what energy is used for server farms and storage facilities? Coal? Nuclear power? Wind and solar?
賀問
 
google drive i hold 不住了.....今天能出来吗?
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persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
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persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
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persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
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persian gulf for ever
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persian gulf for ever
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persian gulf for ever
persian gulf for ever
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persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
 
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
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persian gulf for ever
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persian gulf for ever
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persian gulf for ever
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persian gulf for ever
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persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
 
Persian Gulf forever
Persian Gulf forever
Persian Gulf forever
Persian Gulf forever**Persian Gulf forever**Persian Gulf forever**Persian Gulf forever**Persian Gulf forever**Persian Gulf forever**Persian Gulf forever**Persian Gulf forever
Persian Gulf forever
Persian Gulf forever
Persian Gulf forever**Persian Gulf forever
Persian Gulf forever
Persian Gulf forever**Persian Gulf forever**Persian Gulf forever

Persian Gulf forever
Persian Gulf forever
Persian Gulf forever**Persian Gulf forever
Persian Gulf forever
Persian Gulf forever

Persian Gulf forever
Persian Gulf forever**Persian Gulf forever**Persian Gulf forever
 
Persian Gulf forever
Persian Gulf forever
Persian Gulf forever
Persian Gulf forever**Persian Gulf forever**Persian Gulf forever**Persian Gulf forever**Persian Gulf forever**Persian Gulf forever**Persian Gulf forever**Persian Gulf forever
Persian Gulf forever
Persian Gulf forever
Persian Gulf forever**Persian Gulf forever
Persian Gulf forever
Persian Gulf forever**Persian Gulf forever**Persian Gulf forever

Persian Gulf forever
Persian Gulf forever
Persian Gulf forever**Persian Gulf forever
Persian Gulf forever
Persian Gulf forever

Persian Gulf forever
Persian Gulf forever**Persian Gulf forever**Persian Gulf forever
 
_______♥♥♥♥♥♥♥♥____________♥♥♥♥♥♥♥♥__**
___♥♥♥♥__________♥♥♥♥__♥♥♥♥__________♥♥♥♥¸.•*´ღ♥
♥♥♥♥____I________♥♥♥♥________________♥♥♥♥-**
♥♥♥♥_________________♥♥__________________♥♥♥♥-**
♥♥♥♥_____LOVE__________________________♥♥♥♥¸.•*´ღ♥
_♥♥♥♥___________________________________♥♥♥♥-**
_♥♥♥♥_______My______________________♥♥♥♥-**
____♥♥♥♥_____________________________♥♥♥♥¸.•*´ღ♥
_____♥♥♥♥_____Pershian___________♥♥♥♥-**
________♥♥♥♥_____________________♥♥♥♥-**
___________♥♥♥♥___Gulf_____♥♥♥♥¸.•*´ღ♥
________________♥♥♥♥_____♥♥♥♥-**
_____________________♥♥♥♥-**
______________________♥♥¸.•*´ ღ♥
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Persian Gulf links through a unitary disambiguation (possibly a bug) to Persian Gulf which is the Persian Gulf. To add the name that you want it to appear as, click "Report a problem" near the bottom of the left hand column, then select "Address/Marker" and then click "Point out the issue on the map." Then place the marker where you would like the Persian Gulf to appear. Then select "Other" from the pull-down menu and type in the text box something like, "This should appear as 'Persian Gulf' or 'خلیج فارس'" depending on your language preferences. Then click "Report problem."
 
PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN
 
PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN GULF PERSIAN
 
PERSIAN GULF stay's PERSIAN GULF for ever, even little gOOgle try to change it !!!
 
"Persian Gulf"
It's recognized by National Geographic
It's recognized by United Nations Cartographic Section
It's recognized by IHO (International Hydrographic Organization)
It's an international term
!You made a big mistake!

 
PERSIAN GULF FOREVER.PERSIAN GULF FOREVER.
PERSIAN GULF FOREVER.PERSIAN GULF FOREVER.
PERSIAN GULF FOREVER.PERSIAN GULF FOREVER.
PERSIAN GULF FOREVER.PERSIAN GULF FOREVER.
PERSIAN GULF FOREVER.PERSIAN GULF FOREVER.
 
خلیج فارس

داغلاری سوکر تیراختور!!
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Hey larry...
Do you understand the human language?!!!
persian gulf for ever
got it?!
Omid B
 
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
persian gulf for ever
...
 
Persian Gulf links through a unitary disambiguation (possibly a bug) to Persian Gulf which is the Persian Gulf. To add the name that you want it to appear as, click "Report a problem" near the bottom of the left hand column, then select "Address/Marker" and then click "Point out the issue on the map." Then place the marker where you would like the Persian Gulf to appear. Then select "Other" from the pull-down menu and type in the text box something like, "This should appear as 'Persian Gulf' or 'خلیج فارس'" depending on your language preferences. Then click "Report problem."
 
خلیج فارس از طریق لینک ابهام زدایی واحد (احتمالا اشکال) به خلیج فارس خلیج فارس. برای اضافه کردن نام که می خواهید آن را به عنوان ظاهر شد، بر روی "گزارش مشکل" در نزدیکی پایین ستون سمت چپ کلیک کنید و سپس "آدرس / نشانگر" را انتخاب کنید و سپس بر روی دکمه "اشاره به این مسئله بر روی نقشه. سپس نشانگر که در آن شما را از خلیج فارس به نظر می رسد قرار دهید. سپس از منوی کرکره عمودی، و نوع جعبه متن را در چیزی مانند، بسته به تنظیمات زبان خود را "این باید" خلیج فارس "یا" خلیج فارس به نظر می رسد "" دیگر "را انتخاب کنید. سپس بر روی دکمه "گزارش مشکل است."
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hey Larry did you understand what should do?
change & correct The wrong word.it was and be and will be for ever PERSIAN GULF instead of every hell
 
▂▃▅▇█▓▒░ PERSIAN GULF FOREVER ░▒▓█▇▅▃
 
▂▃▅▇█▓▒░ PERSIAN GULF FOREVER ░▒▓█▇▅▃
 
You deserve it, keep up the good work, don't let money and pride corrupt you, mankind needs great companies like GOO!
 
Sir, please help me with a monetize issue. I am following the copyright rules, have permission, and use this composers' music all the time. Suddenly, a newly uploaded video is stuck "under review" and it is due to go public on my channel (youtube.com/utahactor) on the 17th. Please ask someone to look into the issue. Thank you!
 
Larry Page!
I think that Google is wasting time!
Why not move the entire Orkut to Google+?
You "for now" has two of the largest and most promising markets of the world: Brasil and India!
Not to mention the ease of abondonados have multiple profiles that can be easily migrated to a profile G +
You can do it @ the right time, (which may be going through right now), #disappointmentoftheFacebookIPO, and this would be a interesting bombshell in the race between Facebook and Google+
 
Hello Larry, 3 blogs removed for "spam" by a bot, I asked to your employees and nobody replied! What's going on with Google?!!!
On the message it appearead also the bot may have deleted the blogs by mistake. Are we joking or what, I put efforts for my blogs, and then a bot deletes blogs by mistake.
It seems that my blogs and many other are removed because competitors of employee's blogs.
That's why I will fill a complaint against Google to antitrust, and I will propose other banned bloggers to file a class action!
 
I think u mean the Arabian gulf
 
persian gulf for ever
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It's Called The PERSIAN GULF and has been called The PERSIAN
 
Persian Gulf's name in Greek history we can see even its closest Arab source map can be seen in 50 years ago after a name to this beautiful clear
 
الخليج الفارسي اسم في التاريخ اليوناني يمكننا أن نرى حتى يمكن أن ينظر إلى أقرب حلفائها العرب في خريطة مصدر منذ 50 عاما بعد اسما لهذا واضح جميل
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Stock markets do not look to clever at all around the world. But just maybe there are still one or two great companies to invest in. Lets hope +Larry Page can deliver the goods.
 
Larry I have asked Vic G about the chromebooks in Canada to no avail, it is embarrassing that your next door neighbor and one of the busiest markets for google products can't enjoy the wonders of chromebooks.
 
Dear Larry Page, the service of his great
I feel it's simpler and more efficient facebook
I use facebook for 4 years
I have transferred his services from a young Mark Zuckerberg confusing. network to google+
it's better than expected
 I can talk to him and Mark Zuckerberg is not possible. he will be very successful,
thank you
 
pay a small dividend to the non voting shares ?
 
Salve, ho acquistato azioni Google, per favore potete farla salire a 1230 altrimenti perdo dei soldi.Grazie.

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