Google rules out any interest in designing or building a new Internet browser

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(Continued) The RFS Newsletter, Jun. 3, 2006. Page 4
But IT giants such as Microsoft and Intel are determined to harness the full power of the Internet with its virtually unlimited choice into every TV and into every household.

In other news, during an investment conference call this week, top management at Google told Wall Street it expected to diversify into different markets such as print advertising. Google also stated it will continue to hire additional workers in the San Francisco Bay area where it is located. On the other hand, the company ruled out any interest whatsover in designing a new Internet browser that would directly compete with Microsoft's Internet Explorer, or any other Web browser for that matter. Shares of Google quickly went into negative territory after the conference call began. As a public company, Google has often been criticized for not offering investment analysts enough guidance about its financial affairs and immediate plans for the future. Google's stock is down about 10% so far this year, after increasing more than 115 percent in 2005.

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