TECHNOLOGY - Nov. 15, 1995
<i> Times Staff and Wire Reports</i>
Netscape Plans Stock Split: The Mountain View, Calif.-based Internet software maker, whose shares more than tripled in their first three months of public trading, plans a 2-for-1 stock split to meet demand from individual investors, analysts said. Netscape Communications Corp. also said employees can start selling as many as a million shares after their release from “lock-up” agreements with underwriters. Demand for the stock is expected to offset investor concern that insider selling will cause Netscape shares to drop, analysts said. The stock closed down 25 cents at $96.50 in Nasdaq trading. Netscape said it will ask shareholders to approve the split at a Jan. 23 stockholders meeting.
