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Short Take: Netscape chairman files to sell shares

Netscape chairman James Clark has filed to sell 250,000 of his shares in the company, which are valued at nearly $5.5 million, according to an SEC filing. The proposed sale, made through Clark's Monaco Partners, adds to the approximately 360,000 shares the partnership sold in August. The two transactions account for less than 5 percent of Monaco's total Netscape holdings of 13.9 million shares.

Netscape chairman James Clark has filed to sell 250,000 of his shares in the company, which are valued at nearly $5.5 million, according to an SEC filing. The proposed sale, made through Clark's Monaco Partners, adds to the approximately 360,000 shares the partnership sold in August. The two transactions account for less than 5 percent of Monaco's total Netscape holdings of 13.9 million shares.