Netscape posts record profits

Netscape Communications, which announced today that it would be purchasedby America Online, also reported record revenues of $162 million for itsfourth quarter, which ended October 31. Netscape made a net profit of $2.7million for the quarter, or 3 cents per share. Revenues from its NetCenterWeb portal rose 4% to $48 million, making it the most lucrative part ofNetscape's business.

"Results for the fourth quarter demonstrate that Netscape's NetCenter andenterprise software and services businesses continue to attract customersworldwide who want to participate in the Net economy," said Netscape president and CEO Jim Barksdale