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

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Commerce One

(CMRC)

, rated a strong buy and

SAP

(SAP) - Get SAP SE Sponsored ADR Report

, given a buy. Both were down slightly in early trading.