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I've worked for a couple of hosting companies, and I've got to be honest when I say that you get what you pay for. As far as cheap hosting that still offers quality service I'd suggest hostmonster.com or bluehost.com.
I've written a couple of articles (available at my site, or through eZine) that can help you get established as well as reviewed a few hosts and compared their services. I also exclusively use one of those two afforementioned hosting companies (and no, I've never worked for either). I've been with them for years and have had nothing but grade A service.
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