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Technology Stocks : IPO promo campaign has stock on the move (BYND)(SWNT) -- Ignore unavailable to you. Want to Upgrade?

To: fiberman who wrote (32)	11/2/1998 2:19:00 PM
From: fiberman	Respond to of 51

Here is one for the Internet crowd: Shares of Beyond.com (BYND), which used to go by the name Software.net, are rising on heavy volume these days. Several Internet chat groups and bulletin boards say the company, which sells software via the Internet, might be an acquisition target for bookseller Amazon.com (AMZN). Beyond.com shares, at 10 1/4 Monday, are up from 7 or so just four trading days ago. Beyond.com, which sells software to government buyers and ordinary consumers, lost almost $9 million in its most recent quarter. What the Internet discussion groups don't say is that the CEO of Beyond.com is the former vice president of marketing at Amazon, Mark Breier. If a marketing executive can't convince his former employer to take the plunge, who can? Beyond.com shares, which came public in June at 9 a share, rose as much as 2 1/4 to 11 1/2 Monday, giving it a market cap of $240 million. Amazon, one of the benchmark Internet stocks, owns a market cap of $6.2 billion. The company Monday cited a broad rally in Internet stocks as a possible reason for the shares' rise, according to the Dow Jones news service.