William-NSCP just filed to sell 5 million shares. You know what that usually does to the stock price-D-I-L-U-T-I-O-N. Read it and weep-or bail...MOUNTAIN VIEW, Calif., Oct. 30 /PRNewswire/ -- Netscape Communications
Corporation (Nasdaq: NSCP) announced today that it has filed a registration
statement with the Securities and Exchange Commission for the public offering
of 5,000,000 shares of its Common Stock. Of the shares being offered,
2,000,000 shares are being sold by Netscape and 3,000,000 shares are being
sold by certain selling stockholders. The shares will be offered by an
underwriting group managed by Morgan Stanley & Co. Incorporated, Deutsche
Morgan Grenfell Inc., Goldman, Sachs & Co. and Hambrecht & Quist LLC.
Netscape has granted to the underwriters an option to purchase up to an
additional 750,000 shares from the Company to cover over-allotments, if any.
The Company's common stock is traded on the Nasdaq National Market under the
symbol "NSCP."
Netscape Communications Corporation is a leading provider of open software
for linking people and information over enterprise networks and the Internet.
The company offers a full line of clients, servers, development tools and
commercial applications to create a complete platform for next-generation,
live online applications. Netscape Communications Corporation is based in
Mountain View, California.
Copies of the preliminary prospectus related to the offering may be
obtained from the offices of Morgan Stanley & Co., Incorporated, 1585
Broadway, New York, New York, 10036, Attention: Prospectus Department;
Deutsche Morgan Grenfell Inc., 31 West 52nd Street, 25th Floor, New York, New
York, 10019; Goldman, Sachs & Co., Prospectus Department, 85 Broad Street, New
York, New York, 10004; or Hambrecht & Quist LLC, One Bush Street, San
Francisco, California, 94104 or 230 Park Avenue, New York, New York, 10169.
A registration statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective. This communication
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
SOURCE Netscape Communications Corp.
-0- 10/30/96
/CONTACT: media, Jennifer O'Mahony, 415-937-3084, or jom@netscape.com; or
financial, Peter Currie, 415-937-2678, or pcurrie@netscape.com, both of
Netscape/ |
