Spotlight: Pointcast Files for Initial Public Offering

Pointcast Inc., which pioneered the Internet “push” technology that delivers customized news and information, has filed for an initial public stock offering. The Sunnyvale company said it planned to offer 3.8 million shares through underwriters BT Alex. Brown Inc. and BancAmerica Robertson Stephens. The offering price is expected to be between $10 and $12 a share. The company said in a statement that it plans to use proceeds for general corporate purposes and to expand its marketing efforts.