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Inktomi Punished Again, Merrill Cuts Rating

Author:

Inktomi

(INKT)

, already reeling from a

Robertson Stephens

TheStreet Recommends

downgrade of a dozen Internet infrastructure companies, was lowered to near-term accumulate from near-term buy by

Merrill Lynch

analyst Henry Blodget. The stock was down 23.1% in the early afternoon after trading as low as $13.31.