Short Take: Excite files to sell shares held by Netscape
Excite has filed for an offering of 423,079 shares of its stock held by Netscape that "may be offered for sale from time to time," according to a regulatory filing. The shares, amounting to a 1.8 percent stake in Excite, are part of the companies' recent cobranded Web site deal. Excite also reiterated that it expects to post a loss for the second quarter and for the full year.
Jeff Pelline Staff Writer, CNET News.com
Jeff Pelline is editor of CNET News.com. Jeff promises to buy a Toyota Prius once hybrid cars are allowed in the carpool lane with solo drivers.
has filed for an offering of
423,079 shares of its stock held by Netscape that "may be offered for sale
from time to time," according to a regulatory filing. The shares, amounting
to a 1.8 percent stake in Excite, are part of the companies' recent
cobranded Web site deal. Excite also reiterated that it expects to post a
loss for the second quarter and for the full year.