Stock Watch: Beyond.com Climbs on AOL Deal

Shares of online software retailer Beyond.com (Nasdaq: BYND) climbed more than 13 percent on Wednesday, gaining 1-15/16 to 16-13/16 after the company announced the launch of its games center in America Online’s (Nasdaq: AOL) games store. Beyond.com is the exclusive reseller of digitally-downloaded software in AOL’s games store. In addition to computer software, Beyond.com’s new game center will offer game cartridges/CD-roms, gaming guides and accessories for the Game Boy, Nintendo 64, PlayStation and Sega Dreamcast Systems.

Despite Wednesday’s gain, shares of Beyond.com are nearly 25 points off their all-time high. The stock has been hit hard in recent months. On June 23, shares of Beyond.com climbed more than 28 percent, rising 7-1/4 to 32-7/8 after rumors began to spread that Amazon.com might buy the company for $48 a share. That obviously hasn’t happened.

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