“Shares of Beyond.com jumped 1.63, or about 25 percent, to 8.
The stock is trading well below its 52-week high of 37. Today’s
news comes just weeks after investments DLJ and Wit Capital
downgraded their outlook of Beyond.com. DLJ reduced its outlook to
“market perform” from ‘buy” while Wit lowered it to “neutral” from
“buy.”
“The company today said it is the first Red Hat certified
reseller to provide Linux software and services to the U.S.
government. Beyond.com already provides software services for
government agencies….”
“Under terms of the agreement, Beyond.com has the right to
merchandise Red Hat Linux software and services to all business
segments, particularly the business-to-government and
business-to-business (B2B) segments.”