Key3Media Rises on Initiation

Key3Media ( KME) was up 8.7% and hit a new intraday high of $10.38 after SG Cowen initiated coverage with a strong buy. Cowen also began coverage of several other Internet and technology companies, including Commerce One ( CMRC), rated a strong buy and SAP ( SAP), given a buy. Both were down slightly in early trading.

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