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More ugliness lies ahead.
Despite some seemingly positive trends, first-quarter trading results show the death rate for Internet stocks should accelerate this year. Given the current state of the economy, that figure could edge higher. Granted, when the dust from the wreckage clears, Internet investors will be better off for it. But to quote the great economic analyst Tom Petty, the waiting is the hardest part. Two stayed even, while 263 lost ground.