November 28, 1995 1:00 PM PST

Netscape Stock Snares 20-Point Gain

Netscape Communications' stock took another leap into the stratosphere today closing at $131 per share, up 20 points from yesterday's close of $111.

Industry analyst Michael Levine attributes the gain to a post-Comdex high. "Everyone wants to be connected with Netscape," says Levine. "There's a growing realization that it is the standard." Levine says he hasn't heard any takeover rumors but adds, "It wouldn't surprise me. They're a very attractive candidate."

Other analysts say the jump is mystifying. Netscape chair Jim Clark will speak tomorrow morning on the subject of online security at the Email/Internet World trade show in Boston.

In other high-tech stock news, Sun Microsystems' shares are up 4 1/4, closing today at 81 1/2.

1 comment

Join the conversation!
Add your comment
Nice, Netscape and Sun both rising stocks....
Posted by otgkhan (56 comments )
Reply Link Flag
 

Join the conversation

Add your comment

The posting of advertisements, profanity, or personal attacks is prohibited. Click here to review our Terms of Use.

What's Hot

Discussions

Shared

RSS Feeds

Add headlines from CNET News to your homepage or feedreader.