Beyond.com downgraded on Amazon squeeze

Beyond.com (Nasdaq:BYND) tumbled 11 percent Thursday after the stock was downgraded to a "hold" from a "buy" by CS First Boston. Credit Suisse First Boston analyst Lise Buyer downgraded Beyond.com Corp to "hold" from "buy," the brokerage firm said on Thursday. Amazon.com Inc.'s recent announcement that it will enter the software market was the impetus for the downgrade. The downgrade also cited a recent management turnover, and said Beyond.com's proposed transition to a business market from a predominately consumer market will take more than two quarters. Full story. --Tiffany Kary, ZDNet Inter@ctive Investor

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