This article was copied from http://pr.efactory.de/e-pr0.shtml, and the author is Markus Sobek.
By the end of 2001, the Google search engine introduced a new kind of penalty for websites that use questionable search engine optimization tactics: A PageRank of 0. In search engine optimization forums it is called PR0 and this term shall also be used here. Characteristically for PR0 is that all or at least a lot of pages of a website show a PageRank of 0 in the Google Toolbar, even if they do have high quality inbound links. Those pages are not completely removed from the index but they are always at the end of search results and, thus, they are hardly to be found.

A PageRank of 0 does not always mean a penalty. Sometimes, websites which seam to be penalized simply lack inbound links with an sufficiently high PageRank. But if pages of a website which have formerly been placed well in search results, suddenly show the dreaded white PageRank bar, and if there have not been any substantial changes regarding the inbound links of that website, this means – according to the prevailing opinion – certainly a penalty by Google.
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