Netscape stock falls with analyst report

A Merrill Lynch analyst issued a report today questioning Netscape's fourth quarter earnings, sending the controversial Internet company's stock down another 10%. It closed at $42.25. Netscape doesn't report its fourth quarter results until January 28, but the company logged a disproportionate amount of sales right at the end of quarter, suggesting they did so "to just make the quarter." The analyst also mentioned that such a push would result in risky 1997 sales possibilities. Merrill Lynch cites competition from Microsoft in the browser market and competition from Lotus in the messaging and groupware market as the reason they downgraded Netscape's rating to "hold.

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