NEWS FLASH: Netscape to bow out of local market

Netscape's Australian operation is reportedly on the verge of closure. According to industry reports, the Internet software vendor will shut down its Melbourne office and run its Australian business from Singapore.

Marketing manager for Netscape Australia, Imogen Boas, said she is unable to confirm the reports at press time, and was working with US-based management to prepare a formal statement which is expected to be delivered later this afternoon.

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