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NaviSite Jumps 25% on CMGI's Promised Investment

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Internet hosting company NaviSite (NAVI) was up 25% in late morning after CMGI (CMGI) , which holds a majority stake in NaviSite, reiterated its support for the company and said it would speed up its promised $80 million investment. CMGI, an Internet incubator, was up 5.6%.