This is another way to control browser caching. To use this tag, the value must be "no-cache". When this is included in a document, it prevents Netscape Navigator from caching a page locally. These two tags can be used as together as shown to keep your content current.
Many users have reported that Microsoft’s Internet Explorer refuses the META tag instructions, and caches the files anyway. So far, nobody has been able to supply a fix to this "bug." As of the release of MSIE 4.01, this problem still existed.
More Meta Tags