valeyard - 11:47 pm on Feb 3, 2005 (gmt 0)

Shares in Google closed up more than 7% on Wednesday following the firm's announcement of a huge rise in profits. Google have now overtaken eBay as the biggest internet firm in terms of stock market value. Google made profits of $204.1m (£108m) in the three months to 31 December.

I haven't bothered reading Google's accounts, perhaps someone else can say how much of Google's asset base is attributed to "goodwill" and the value of the brand name?

These are areas where Google is shooting itself in the foot with this update.