The document discusses trends in search engine marketing, including:
1) Google remains the dominant search engine and recipient of pay-per-click spending, though the Yahoo/Bing partnership may impact market share.
2) Local search is a growing trend, with over 20% of searches having local intent, and Google Places and Bing Maps providing local business listings.
3) Mobile search is rising rapidly as smartphone ownership increases, comprising 1.3% of web usage, and 33% of mobile searches have local intent.
4) New pay-per-click features include Google remarketing targeting previous site visitors and Bing's cashback ads, while alternative networks like Facebook Ads and Business.