Beyond.com Signs Deal With Symantec to Create, Operate Software Store for http://www.symantec.com.SUNNYVALE, Calif.--(BUSINESS WIRE)--April 14, 1999-- Alliance Strengthens Relationship between Beyond.com and Software Giant Symantec Internet software superstore Beyond.com(TM) (Nasdaq:BYND) announced today it has signed an agreement to create and manage a global online software store for Symantec Corporation (Nasdaq:SYMC SYMC Symantec Corporation (stock symbol) ), the leader in utility and communication software for keeping individuals and businesses productive in a connected world. The Symantec software store is scheduled to launch for U.S. customers in the second quarter of calendar 1999. The international store, which will be multi-lingual and support multiple currencies, is scheduled to launch in the third quarter. With annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. revenues of more than $600 million and 2,400 employees worldwide, Symantec's award-winning software products include Norton AntiVirus A popular antivirus program from Symantec. The AntiVirus function is available as a separate product for home and business users or as part of various packages that contain other utilities such as Norton SystemWorks and Norton Internet Security. See Norton Utilities. , Norton SystemWorks, Norton 2000, WinFax, pcANYWHERE, and Visual Cafe A family of Java development products formerly from the WebGain division of Symantec and sold to TogetherSoft Corporation in 2002, which was acquired by Borland in 2003. Versions for Windows and the Macintosh were available that included a host of Java components and features for rapidly . "Beyond.com has successfully created and continues to operate commercial websites on behalf of several, large e-commerce partners, including Autodesk, Microsoft and others," said Mark Breier, president and chief executive officer of Beyond.com. "Companies choose to partner with Beyond.com because we help them operate e-commerce websites successfully." "After careful study, Symantec concluded that Beyond.com is the most effective outsourcing partner for Symantec," said Pamela Roberts, senior director of e-commerce at Symantec. "Beyond.com is a leading software reseller on the Internet and their track record speaks to the company's ability to create and operate stores that make the Internet shopping experience the best it can be for our customers." Beyond.com has established strategic alliances with America Online See AOL. Inc., @Home Network, CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. Inc., Excite Inc., Microsoft Corp., Netscape Communications Corp., Xoom.com Inc., Yahoo! Inc. and ZDNet. About Beyond.com Beyond.com sells commercial, off-the-shelf software to the government, enterprise, corporate and consumer markets, offering its customers a better place to buy software. Visitors to the company's online store http://www.beyond.com enjoy a comprehensive selection of software backed by customer service and competitive pricing. Approximately 44,000 software stock-keeping units (SKUs) are available for online purchase with 5,600 SKUs available for immediate, electronic delivery, including software from such major publishers as Adobe Systems Adobe Systems Incorporated (pronounced a-DOE-bee IPA: /əˈdoʊbiː/) (NASDAQ: ADBE) (LSE: ABS) is an American computer software company headquartered in San Jose, California, USA. Inc., IBM/Lotus Corp., Microsoft Corp., Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. Inc. and Symantec Corp. The company has established strategic marketing alliances with America Online Inc., @Home Network, CNET Inc., Compaq Computer Corp., Excite Inc., Microsoft Corp., Netscape Communications Corp., Xoom.com Inc., Yahoo! Inc. and ZDNet. Additionally, Beyond.com offers publishers transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , physical and electronic order fulfillment Order fulfillment (in BE also: order fulfilment) is in the most general sense the complete process from point of sales inquiry to delivery of a product to the customer. Sometimes Order fulfillment , customer support, site design consultation, marketing support and reporting. The company has applied for federal registration of the marks BEYOND.COM and BEYOND DOT COM dot com - com . 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 ("SEC"). To the extent that this news release discusses Beyond.com's expectations about plans to grow the company's revenue or customer base as a result of its relationship with Symantec Corporation, these statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. The company does not expect to recognize any material impact from the agreement in the second quarter of 1999. Actual results may differ from the results discussed in the forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Factors that might cause such a difference include, but are not limited to, risks associated with: Reductions in or cancellations of customer orders, changes in relationships with software suppliers, changes in relationships with strategic partners, changes in the product mix sold by the company, competition from other online software resellers or publishers, inability to raise sufficient capital on satisfactory terms, or at all, and other factors described in the company's filings with the SEC. Beyond.com news and product/service information is available at the company's World Wide Web site located at http://www.beyond.com. |
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