Below is traceroute from Brazil to a host (www.unerg.edu.ve aka 63.246.132.10) apparently in Venezuela 
(according to Geo IP Tools).
It was run on 6/23/06. Each hop is anotated with the apparent location according to Geo IP Tools
and Hostip.info. Not only does Hostip.info get the location of hop 7 correctly (in the US)
while Geo IP Tools says it in Italy, but Hostip.info
also spots that hop 11 is not in Venezuela. Separately Geo IP Tools says 63.246.132.10 is in Venezuela
while Geo IP Tools says Venezuela.


traceroute to 63.246.132.10 (63.246.132.10), 30 hops max, 38 byte packets			GeoIPTool, HostIP.info
 1  200.143.197.129 (200.143.197.129)  0.884 ms  0.797 ms  0.757 ms 				Brazil , Brazil
 2  ge-1-0-0-r1-rj.bkb.rnp.br (200.143.252.181)  0.877 ms  0.660 ms  0.567 ms			Brazil , Brazil
 3  so-0-1-0-r1-sp.bkb.rnp.br (200.143.252.21)  6.204 ms  6.182 ms  16.310 ms 			Brazil , Brazil
 4  rnp-whren-stm.ampath.net (198.32.252.221)  142.899 ms  142.934 ms  142.910 ms		United States , Mexico
 5  juniper-to-i2.ampath.net (198.32.252.194)  235.374 ms  234.854 ms  236.957 ms		United States , Mexico
 6  juni2.ampath.net (198.32.252.23)  238.381 ms  236.049 ms  234.959 ms			United States , Mexico
 7  mia2-fiu-1-us.mia.seabone.net (195.22.199.101)  233.482 ms  235.062 ms  233.018 ms		Italy , United States
 8  64.208.110.213 (64.208.110.213)  301.912 ms  235.931 ms  236.269 ms				United States , United States
 9  Lightspeed-IP-Inc-Triple-8-Tampa.ge-2-1-0.402.ar2.TPA1.gblx.net (64.208.17.94)  239.803 ms  225.903 ms  226.033 ms  United States , United States
10  gi0-2.ds05.tpa.sagonet.net (65.110.32.75)  240.130 ms  226.404 ms unused.backbone.tpa.sagonet.net (65.110.32.15)  226.355 ms United States , United States
11  tepuy1.dattacapanaparo.com (63.246.132.10)  228.201 ms  229.724 ms  230.191 ms Venezuela , United States