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It is still in a speculation stage, no confirmation yet.

Recently a lot of people have reported in WebmasterWorld.com that their ranks have been hit by Google after adding new pages in a bulk (about 20% and above). Typically, people who have added pages between 2 indexing cycles have reportedly lost ranks of their well placed old pages, that were ranked high for a long time. This development is worth noticing since, addition of new pages in bulk was the only change for most sites before losing ranks.

You can read this thread here

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