Apparently so:
"...the [U.S.] government recently subpoenaed records from all of the major ISP's and search engines. Not surprisingly, almost all of these companies complied with the subpoenas. Only Google objected. As a result of attempting to protect both its trade secrets and the public perception of privacy, Google was rewarded by an immediate drop in its stock price." ~ in The Register, Published Tuesday 31st January 2006
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