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February 4, 1998: 7:27 p.m. ET

More related sites... NEW YORK (CNNfn) - Shares of Netscape Communications Corp. shot up Wednesday amid rumors that the company is being eyed as a possible takeover target by Sun Microsystems Inc. [INLINE] The takeover scuttlebut drove Netscape (NSCP) stock up 1-1/16 to 19-1/4 in active trading. The surge capped a four-day trading period in which the Internet software company's shares have jumped roughly 20 percent from a Friday close of 16-1/16. [INLINE] Despite the leap, Netscape stock remains sharply down in 1998, having dropped nearly 20 percent in the first 23 trading days of the year.

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