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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Rob S. who wrote (46186)	3/17/1999 3:11:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Beyond.com <BYND.O> files to offer 4 mln shares WASHINGTON, March 17 (Reuters) - Beyond.com Corp., an Internet software retailer, filed on Wednesday with the Securities and Exchange Commission for an offering of four million common shares. The Sunnyvale, Calif., company is selling three million shares and stockholders, which include Chairman William McKiernan and Vulcan Ventures, the investment vehicle of Microsoft Corp. <MSFT.O> co-founder Paul Allen, are selling one million shares. Underwriters Credit Suisse First Boston, Donaldson, Lufkin & Jenrette, BancBoston Robertson Stephens and C.E. Unterberg, Towbin have an over-allotment option on 600,000 additional shares. Net proceeds will be used for general corporate purposes, including working capital, principally sales and marketing for brand development, potential acquisitions and debt service payments, the company said. It will not, however, receive any proceeds from the shares sold by the stockholders. Beyond.com's selling shareholders include co-founder and Chairman McKiernan, who is offering to sell 530,887 shares. He would beneficially own 8,465,267 shares, or 27.8 percent, of the company after the offering, the SEC filing said. Allen's Vulcan Ventures is offering 179,762 shares for sale, reducing its stake in Beyond.com to 10 percent from 11.1 percent, the filing added. Another selling shareholder is Chief Technical Officer John Pettitt, who is offering 71,272 shares. He would beneficially own 1,178,728 shares, or 3.9 percent, after the offering, down from the 1,250,000 shares, or 4.4 percent, he had before it. On Tuesday the company's stock fell $1.625 to $24.375 on Nasdaq.

To: Rob S. who wrote (46186)	3/17/1999 4:18:00 PM
From: CookiePuss	Read Replies (2) \| Respond to of 164684

Don't forget this is options expiration week and the AMZN outstanding March calls far exceed outstanding March puts. Marketmakers are just shaking out weak hands as they usually due at this time of the month. This stock will continue it's upward trend into earnings after options expire on Friday. Good trading!