CMGI Jumps in Premarket Trading

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CMGI

(CMGI)

was climbing 8.8% to $2.85 in Instinet trading before the opening bell.

Fresh news from the Internet holding company wasn't evident Monday morning, but late last week, CMGI Chairman David Wetherell agreed to cut his pay to $1 in fiscal 2002. He's slated to make $530,000 in 2001.