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To: David Kelly who wrote (26)4/3/1999 1:19:00 PM
From: jacksoo  Respond to of 34
 
Shoot, sorry David I Think I'm following too many stocks. Cybersource is the sister of Beyond.com not Buycom. Anyway, IPO for these guys must also be in the air this year and they'll certainly be worth a play.IMHO



To: David Kelly who wrote (26)5/3/1999 7:58:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 34
 
Buy.com's Blum May Be Forced to Leave Before IPO, Paper Says

Bloomberg News
May 3, 1999, 11:40 a.m. PT

Aliso Viejo, California, May 3 (Bloomberg) -- Buy.com Inc.
Chairman Scott Blum may be forced to leave as the Internet
retailer prepares to go public, the San Jose Mercury News
reported. Merrill Lynch & Co., the investment bank leading the
public offering, has told Blum it will underwrite the sale only
if he departs, and will assume no fiduciary responsibility once
shares begin trading, according to a person ''in the Internet
financial community,'' the paper said. The Mercury News reported
two weeks ago, citing unidentified sources, that Buy.com had been
turned down by several other investment banks for the IPO because
of Blum's previous association with Pinnacle Micro Inc., which
had been charged by the Securities and Exchange Commission with
misrepresenting its revenue, a charge he and Pinnacle later
settled with the SEC.

Jennifer Blanchfield, a spokeswoman for Buy.com in Aliso
Viejo, California, did not return calls and a spokeswoman for
Merrill Lynch couldn't be reached, the paper reported.