Google Kills Estimates

Google shares spiked by over 18 percent in after hours trading, about the same time the search giant's earnings report hit. The dramatic rise is attributed to a trouncing of Wall Street estimates.Google reported revenues of $5.19 billion for Q1 2008, or $3.7 billion after traffic-acquisition costs, pulling in a non-GAAP earnings per share of $4.84. Analysts had predicted $3.61 billion in revenues and an…

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Global PC Shipments Remain Solid

Global PC shipments grew by 14.6 percent to 69.5 million units in the first quarter of 2008, which beat previous estimates of 13.2 percent according to IDC's Worldwide Quarterly PC Tracker.The U.S. market showed signs of the economic slowdown, but growth remained positive at 3.5 percent for the quarter. The other international markets compensated for the U.S. coming in more than 2 points above estimates…

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Search Engines Increasingly Important To Video Sites

Video sites should thank comedy shows, car magazines, and news anchors for traffic - they've been plugged by all of them.  Search engines and social networks also belong on that list, though, and new Hitwise data shows that they're about even in terms of significance.

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Lonelygirl15 Creators Grab $5 Million

The minds behind the smash made-for-the-Web series lonelygirl15 and, more recently, KateModern, have formed EQAL (a la "equal"), a web video content production company with Series A backing of $5 million.Spark Capital, which includes names like Conrad Riggs, Ron Conway, Marc Andreesen and George Harik, leads the way in funding.

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