This is for all of the Paul Allen fans...
July 19, 1999 11:47 AM
WASHINGTON, July 19 (Reuters) - Several stockholders in online software reseller Beyond.com Corp. BYND , including the company's chairman and Paul Allen's Vulcan Ventures Inc., may sell shares in Beyond.com, the company said on Monday.
Beyond.com Chairman William McKiernan might sell the 8.4 million common shares, or 23.4 percent, that he beneficially holds in the Sunnyvale, Calif.-based company, according to a Securities and Exchange Commission filing.
McKiernan, who co-founded Beyond.com, also serves as chief executive officer of CyberSource Corp. CYBS , a San Jose, Calif., e-commerce transaction services company spun off by Beyond.com, and, accordingly, "plays a limited role" in Beyond.com's management, according to the filing.
Others who may sell shares included Bellevue, Wash.-based Vulcan Ventures, the investment vehicle of Allen, Microsoft Corp.'s MSFT co-founder. Vulcan may unload its 2.9 million shares, which amounted to an 8.2 percent stake, the filing said.
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