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Yahoo!

(YHOO)

was down 2.4% in midmorning after

Merrill Lynch

analyst

Henry Blodget said Internet advertising will probably remain soft through the middle of 2001.

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Blodget said Yahoo! faces a tough environment, while

America Online

(AOL)

is less exposed. AOL was off 0.2%. Online ad agency

DoubleClick

(DCLK)

was down 8.3%.