Netscape Communications' executives filed to sell today about 559,000
shares, an amount
valued at $34.7 million, the first time that company officials have sold any
significant amount of stock since Netscape went public last August.
Netscape cofounder Marc Andreessen and six executives filed with the
Securities and Exchange Commission for the stock sale. Andreessen personally
filed to sell 10 percent of his holdings, or 200,000 shares, worth
about $12 million.
Peter Currie, Netscape's chief financial officer, filed to sell 75,000 of
his 800,000 shares. Eric Hahn, Netscape vice president, filed to sell
100,000 of his 586,000 shares.
Netscape stock has more than quadrupled in price since the IPO and
the stock split in January.
Web giant is spending $120 million to beef up its Mountain View, Calif., headquarters, according to filings with the city reviewed by the San Jose Mercury News.
The Samsung Galaxy Mini 2 S6500 could make its debut at the Mobile World Congress in Barcelona later this month, according to a leaked promotional image.
MIT creates a simulation to celebrate the 50th anniversary of Spacewar. A relic of the early days of minicomputers, it was one of the first computer video games and set the stage for many others, including Asteroids.
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