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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (4448)	11/11/1998 10:15:00 PM
From: Yiota	Respond to of 4903

News From the Wall Street Journal..... November 11, 1998 ----------------------- Technology Briefs Netscape to Acquire AtWeb Netscape Communications Corp., Mountain View, Calif., plans to acquire AtWeb Inc., an online Web site services company based in Sunnyvale, Calif. Software company Netscape plans to issue about 3.36 million of its shares to purchase 100% of AtWeb's outstanding sshares and options and expects the acquisition will be accounted for as a pooling of interests. Based on Netscape's closing price Wednesday of $28.31, the transaction is valued at $95.1 million. Netscape said the acquisition is part of its plan to expand its Netcenter portal site into a portal network by linking its installed user base to Netcenter services and independent Web sites. The acquisition will integrate more than 600,000 Web sites into Netscape Netcenter. Netscape expects the transaction will close in the first fiscal quarter of 1999, subject to customary approvals. Netscape plans to maintain AtWeb as a unit, with AtWeb reporting into the Netscape Netcenter division. regards Giota