Beyond.com and Digital River Settle Lawsuit.SUNNYVALE, Calif.--(BUSINESS WIRE)--April 16, 1999-- Beyond.com(TM) Corp. (Nasdaq:BYND) and Digital River Inc. (Nasdaq:DRIV DRIV Drive (street type) ) have reached an out-of-court settlement An agreement reached between the parties in a pending lawsuit that resolves the dispute to their mutual satisfaction and occurs without judicial intervention, supervision, or approval. of the defamation and unfair competition lawsuit commenced by Digital River on March 30, 1999, in Hennepin County District Court in Minneapolis, and the related countersuit coun·ter·sue tr.v. coun·ter·sued, coun·ter·su·ing, coun·ter·sues Law To bring proceedings against (a plaintiff) in direct opposition to a suit brought against onself. commenced by Beyond.com. The parties agreed to keep the terms of the settlement agreement confidential. 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 Inc., IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corp., Lotus Development Corp., Microsoft Corp., Sun Microsystems Inc. and Symantec Corp. The company has established strategic marketing alliances with America Online, Inc., @Home Network, CNET (body) CNET - Centre national d'Etudes des Telecommunications. The French national telecommunications research centre at Lannion. Inc., Compaq Computer Corp., Excite Inc., Microsoft Corp., Netscape Communications Corp., XOOM XOOM Extraction of Object Oriented Software Metrics .com Inc., Yahoo! Inc. and ZDNet. Additionally, Beyond.com offers publishers transaction processing, physical and electronic 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. 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"). |
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