Word: browser
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Dates: during 1990-1999
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Netscape, based in Mountain View, California, makes an essential piece of Internet software known as a browser, which can be thought of as the 3-D glasses your computer wears to pick up images, sounds and text on the World Wide Web, the multimedia portion of the Internet. Netscape controls a cozy 70% of the market for browsing software...
Investors are increasingly keen to buy into Internet-related companies, but have had few opportunities. Four such companies have gone public: Internet-access providers Netcom On-line Communications Services, Performance Systems International and UUNet Technologies; and another Web-browser maker, Spyglass. All are performing extremely well because the Internet is regarded as the next stage of the information revolution. Now that computers are being linked around the globe, techno-happy investors are trying to stay ahead of that curve and find the next big company. Netscape, says Lise Buyer, technology analyst at T. Rowe Price, "has the potential...
...reason Netscape's Navigator dominates the browser market is that the company gave it away to home and school users, which in turn attracted Web-based businesses. Commercial users pay for the Netscape software that makes them accessible to browsers-another market that Netscape controls...
...best thing Netscape has going for it is its techies, most notably Andreessen, who, as a 22-year-old undergraduate at the University of Illinois, conceived the first graphical Web browser, Mosaic, at the National Center for Supercomputing Applications in the fall of 1992. That bit of software transformed the drab, black-and-white, hard-to-get-around-in world of the Internet into a colorful place and stimulated an explosion in new kinds of content, from Web-based magazines to online casinos. Mosaic, which is licensed by the university to customers, was also given away and gained an estimated...
...next Microsoft? Much like Microsoft did with its Windows operating system, Quittner notes, "Netscape is like this big blob that just absorbs everything -- Real Audio and Adobe Acrobat are two examples -- into its system. And Netscape has had a pretty big start on every one else in the browser business...