The following article is copyrighted by Dow Jones, thus I am only repeating a
small (but the most significant) part of the news article. It was released
Friday afternoon (June 13).

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SAN JOSE, Calif. -(Dow Jones)- Netscape Communications Corp. Friday confirmed
that a flaw in its software for browsing the World Wide Web could allow
operators of Web sites to view files stored on the computers of users
connected to their sites.

News of the flaw, reported late Thursday on CNNfn, sent shares of Netscape
(NSCP) down $1.0625, or 3.2%, to $32.25 in Friday's trading.

The bug affects all versions of Netscape Navigator since 2.0, issued 1 1/2
years ago, as well as Communicator - Navigator's successor - the company
said. The security hole exists on Netscape browsers running on any platform,
including Windows 95, Windows NT, or Unix.

Navigator is the most popular program for getting around the Internet.

Analysts said the hole wasn't a big deal in itself, but the timing of its
discovery was unfortunate. Earlier this week, Netscape released new versions
of its Communicator product and SuiteSpot 3.0 server software.

The glitch was first discovered by Cabocomm, a Danish software company, CNNfn
reported. CNNfn and PC Magazine, running their own tests, also found the
glitch.

PC Magazine editor-in-chief Michael Miller said technicians in the magazine's
labs verified the flaw by logging onto Cabocomm's Web site and then giving
Cabocomm the name of a file. From its Web site, Cabocomm pulled the file out
of the PC Magazine computer and e-mailed its contents back to PC Magazine.

The test showed that Internet security firewalls - measures intended to
protect confidential information on computer networks - offer no protection
from the bug, CNNfn said.

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Wirt Atmar