Google (GOOG)

our plans to launch our ebook platform in 2010;

our plans to work with original equipment manufacturers to introduce computers running Google Chrome OS in 2010;

the growth of our business and revenue;

seasonal fluctuations in internet usage and traditional retail seasonality are likely to cause fluctuations in our quarterly results;

our plans to continue to invest in our business, including increasing our hiring rate, and to make acquisitions;

the decline in our revenue growth rate;

our expectation that growth in advertising revenues from our web sites will continue to exceed that from our Google Network members’ web sites, which will have a positive impact on our operating margins;

our expectation that we will continue to pay most of the Google AdSense fees we receive from advertisers to our Google Network members;

our expectation that we will continue to take steps to improve the relevance of the ads we deliver and to reduce the number of accidental clicks;

fluctuations in aggregate paid clicks and average cost-per-click;

our belief that our foreign exchange risk management program will not fully offset the exposure to fluctuation in foreign currencies;

the fact that our cost of revenues will increase in dollars and may increase as a percentage of revenues;

our belief that our research and development and sales and marketing expenses will increase in dollars and may increase as a percentage of revenues;

the fact that traffic acquisitions costs may fluctuate in the future;

the timing for the consummation of our acquisitions of On2 and AdMob;

our estimated guaranteed minimum revenue share payments;

continued investments in international markets;

our future stock-based compensation expenses;

the increase of costs related to hedging activities under our foreign exchange risk management program;

fluctuations in our effective tax rate;

the sufficiency of our existing cash, cash equivalents, marketable securities, and cash generated from operations;

our payment terms to certain advertisers which may increase our working capital requirements;

fluctuations in our capital expenditures; and

our belief that the EPA’s investigation will not have a material adverse effect on our business, consolidated financial position, results of operations, or cash flows;