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"It took more than 20 years to grow the worldwide base of PC users to 600-plus million. By 2010, I expect that to grow to 1 billion, due to opportunities in emerging markets and new scenarios and form factors," Microsoft CEO Steve Ballmer wrote in a recent e-mail to employees, outlining the company's growth potential.

On Tuesday, Yahoo was in the news when it said it released a beta version of Yahoo Local. This local search engine integrates proprietary Yahoo Search Technology, Yellow Pages, maps offerings and third party user-generated content, to create an improved local search experience for consumers, all in one place.

“A great search experience is about more than just offering users relevant and comprehensive Web search results.

It’s also about creating an experience where we can quickly and easily provide users the answers they are seeking, whether it’s the best Italian restaurant in their neighborhood or the nearest museums while traveling,” said Jeff Weiner, senior vice president of Yahoo Search and Marketplace.

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