New York, NY – Netscape Navigator, the world’s first commercial Web browser and the launch pad of the Internet boom, will be pulled off life support Feb. 1 after a 13-year run.
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Netscape fed the gold-rush atmosphere with a landmark initial public offering of stock in August 1995. Netscape’s stock carried a then-steep IPO price of $28 per share, a price that doubled on opening day to give the start-up a $2 billion market value even though it had only $20 million in sales.
But Netscape’s success also drew the attention of Microsoft, which quickly won market share by giving away its Internet Explorer browser for free with its flagship Windows operating system. The bundling prompted a Justice Department antitrust lawsuit and later a settlement with Microsoft.
Netscape eventually dropped fees for the software, but it was too late. Undone by IE, Netscape sold itself to AOL in a $10 billion deal completed in early 1999. [ap]
Anon. 9:36 AM Thank you [for analyzing my MO. (Not “Modern Orthodox”). It’s an amazing [not to mention, amusing] attempt at imitation.
p.s.: I’m sure, your keyboard contains the same keys for parentheses (a/o parentehesis) [and brackets], [and you’re free to use them] as does mine.
It’s amusing to read [every] comment [posted] by “bigwheel.” Every second word is (either) included in (parenthesis) or [bracketed] for no apparent reason. Clearly the sign of [someone] trying (really) hard to impress.
Boruch Dayan Emes
As was the case with Thomas Edison
who made his fame and fortune by stepping on a lot of corpses. (Not literally). One of the ingredients for success,[with Thomas A. Edison] was his ability to reduce (even the inventions of others) all the gadgets to practical use. [One of the ingredients for success with] Microsoft was the availability and accessibility of his products.