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Short Take: Netscape files for second offering

Looking to dip back into the well after its hot IPO last year, Netscape Communications Wednesday filed a registration statement to launch a secondary offering of 5 million additional shares of stock. Netscape said the secondary offering will pay for future expansion, such as additional computer equipment, building improvements, and expansion of its management information systems.

Looking to dip back into the well after its hot IPO last year, Netscape Communications Wednesday filed a registration statement to launch a secondary offering of 5 million additional shares of stock. Netscape said the secondary offering will pay for future expansion, such as additional computer equipment, building improvements, and expansion of its management information systems.