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Is the Google PageRank still important?

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Google Pagerank is a controversial topic in the SEO field. Many SEOs claim that the PR is not important any more.
Without a doubt, the Google PR update does not take place as often as before and displaying of the the PR was removed in Webmaster Tools.
The SeoSlave team thinks the PR is still an important factor in the SEO business.
For this reason, the pagerank is taken as the basis of SeoSlave ranks. (About 30% effect)

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