I think you might want to update your info! Panda was last year's Google update that targeted "content farms" that are full of poor content but with lots of links. Many article directories were affected by this, which is one reason I stated elsewhere that "traditional" article marketing is not as effective as it used to be.
We've learned in this last week that Google has another major algorithm change, named Penguin, that we're still trying to figure out because it's supposedly supposed to be helping to weed out the weaker content but seems to have bubbled it up instead.
(Hmm... Panda... Penguin... Is Polar bear next?)
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