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Internet Capital Group


was up 11.7% in early afternoon after

Salomon Smith Barney

started coverage with an outperform rating and a target of $7, saying the manager of business-to-business companies has a "potentially strong portfolio" and a solid cash position.

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Salomon also began coverage of Internet holding company



, assigning it a neutral rating and a target of $6. Salomon applauded CMGI's restructuring but expressed caution due to the lack of visibility.

CMGI was up 4.1%.