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Web Weaklings Flex Muscle

Stock quotes in this article: GOOG , YHOO , MSFT , NAPS , ABTL , KNOT , STMP , WBMD  

Wall Street may fixate on Google(GOOG Quote), but the action for Internet investors lately has been in once-abandoned niche companies.

The Knot (KNOT Quote), Stamps.com (STMP Quote) and WebMD (WBMD Quote) all have gained more than 40% this year. Meanwhile, mega-caps including Google, Yahoo! (YHOO Quote) and eBay (EBAY Quote) have declined.

Even more telling is the coverage of Wall Street analysts. The Knot, a wedding site that is up 61% this year, is covered by four analysts, while Stamps.com, an online stamp outfit, is up 52% and covered by five. Google, down 6% for 2006 after head-spinning gains in 2004 and 2005, is covered by 26. ...

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