Whither Netscape?
PC Mag | at | by Mike
The longstanding battle between Netscape and Microsoft has finally come to an end. On May 29, AOL Time Warner, which now owns Netscape, agreed to settle a 2002 antitrust suit. AOL had charged Microsoft with illegally using its power in the operating system market to overtake Netscape in the market for Web browsing software. Microsoft will pay AOL $750 million, and over the next seven years, AOL will license the Microsoft Internet Explorer Web browser for use with the AOL online service, which now has 35 million members.
So what does this mean for Netscape Communications, purchased by AOL for $4.2 billion in 1999? According to Netscape spokesperson Derrick Mains, it's still business as usual at the company. Netscape will release a new version of its browser in the next 45 days, and the company still puts a great deal of work into its Web portal, Netscape.com.