Beyond.com Granted Hearing Before Nasdaq Listing Qualifications Panel.Business Editors SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Feb 21, 2001 E-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. services provider Beyond.com (Nasdaq:BYND) announced that The Nasdaq National Market has granted its request for a hearing before the Nasdaq Listing Qualifications Panel ("Panel"). On November November: see month. 16, 2000, Beyond.com received a Nasdaq Staff Determination indicating that its securities may be subject to delisting Delisting When the stock of a company is removed from a stock exchange. Notes: Reasons for delisting include violating regulations and/or failure to meet financial specifications set out by the stock exchange. because its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive trading days In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. as required by Marketplace Rule 4450(a)(5). Beyond.com was provided 90 calendar days, or until February 14, 2001, to regain compliance with this rule. Beyond.com subsequently requested a hearing before the Panel to review the Staff Determination. On February 15, 2001, Beyond.com was notified that its request was granted and that a hearing before the Panel had been set for March 29, 2001. There can be no assurance that the Panel will grant Beyond.com's request for continued listing. About Beyond.com Beyond.com is an e-commerce services provider that builds, manages and markets online stores for businesses. The company also sells software and computer-related products to consumers and U.S. Government agencies. The company's BuyDirect Group provides eStores by Beyond.com, a suite of services that enables software developers, systems OEMs and hardware manufacturers to market and sell over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . Beyond.com's Government Systems Group provides digital distribution of software and related services to a growing list of U.S. Government agencies. Beyond.com Corporation trades on the Nasdaq National Market under the symbol ("BYND"). More information on the company can be found in the company's filings with the Securities and Exchange Commission. |
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