Penguin update is the latest Google update affecting sites with a severe lack of natural links. They say it�s the same update (with some improvements) that Google first released by the name �Overoptimization update� and then the Webspam update.
Here�s about it in detail
http://searchengineland.com/the-peng...al-name-119623
http://searchenginewatch.com/article...ected-Websites
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