“Web browser company Netscape Communications Corp. plans to sell
500,000 shares of open source software concern Red Hat (RHAT),
according to a Form 144 filed released today by the SEC.”
“The shares have an estimated market value of $10.5
million.”
“Of note, a Form 144 only shows a filer’s intent to sell the
shares. Actual verification of the sales, if and when they occur,
would be provided in a subsequent filing.”