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NEW YORK Shares in Google fell $4.96 or nearly 3 percent to close on the Nasdaq today at $167.54, following the company’s warning that its revenue growth rate would continue to decline.
“Although our revenue growth rate increased in the third quarter of 2004 compared to the second quarter of 2004, our revenue growth rate has generally declined, and we expect it will continue to do so as a result of increasing competition and the inevitable decline in growth rates as our revenues increase to higher levels,” the search behemoth said in a document filed with the Securities and Exchange Commission this morning.
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