Clark, Doerr give Healtheon $220M infusion

Two prominent Healtheon/WebMd Corp. (hlth) directors gave the company a vote of confidence Friday by requesting to purchase flagging shares on the open market.

Jim Clark, co-founder of Netscape and founder of Silicon Graphics, and John Doerr, partner of venture capital firm Kleiner Perkins Caufield & Byers, will buy $220 million in Healtheon shares.

The move, an exception to usual trading rules, coincides with the company's announcement that revenue for the first quarter will be almost double that of the preceding quarter. Full story. -- Tiffany Kary, ZDNet Inter@ctive Investor