Jefferies Comments On Google And Bing's Market Share Gain (GOOG, MSFT)

Jefferies is commenting on the Google GOOG and Bing's MSFT market share gain during the month of March. “Google gained about 29 bps to 65.7% in March vs. 65.4% in February while Yahoo! YHOO lost 38bps to 15.7%,” Jefferies writes. “Bing took some M/M share during March mostly from AOL AOL and Yahoo!, and was up 31 bps from January to 13.9%. For 1Q11, Google had 65.6% market share down from 66.4% a quarter ago, while Yahoo! was slightly down to 16.0% vs. 16.3%.” Jefferies says that Bing had the highest Q/Q gain (about 117bps) from 11.8% during 4Q10 to 13.6% during 1Q11. Google closed Tuesday at $570.61; Microsoft closed at $25.64.