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If you end user is in a slow link in India or Malaysia there is nothing you can do to speed up the process.
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Of course you can (eg. design the site so it does still work fine with limited bandwidth).
Quote:
Originally Posted by imported_silkroad
We know the Google Performance stats are meaningless. Our users and moderators measure load times for us and post!
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That's your opinion and I am not going to argue with you here as it seems rather pointless.
To sum it up:
Speed does matter.
And IMHO the Google Webmaster Tools are far from being meaningless.