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TIME's Joshua Quittner says a serious security flaw found in Netscape, the most popular World Wide Web browser, probably won't cast a pall over emerging electronic commerce. Two University of California at Berkeley graduate students have found that a knowledgeable computer user could crack the system in less then a minute, potentially giving users access to information such as credit card or bank account numbers. Netscape Communications plans to rush out a secure version of the software next week. "This is an interesting academic exercise, but online transactions are still a relatively minor part of the Internet," Quittner...
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...
...downside, wandering around the Microsoft Network feels like sneaking into a giant shopping mall under construction: lots of nooks and crannies but nothing to see yet. For now, Microsoft is happy to direct people out to the Internet, via its somewhat clunky browser, the Internet Explorer. Sometime next year Microsoft will release Blackbird, a so-called developer's tool that could attract content providers by giving them the wherewithal to create multimedia pages that rival anything available on the Internet today. An even bigger plus: Microsoft will handle billing on behalf of its content partners, the merchants who will...