Netscape rumours mean shares soar

There was speculation last week that Netscape was the victim of a takeover bid, causing its shares to rocket over 30 per cent during last week. Netscape was rumoured to be in strategic talks with IBM, Sun Microsystems, Oracle and AOL.

Logica aims for top UK software and services giant Logica is set to reach the FTSE 100 within the next three years. The company is valued at #1 billion and analysts expect it to spend up to #200 million this year on buying additional companies.