Word: browsers
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...allegations came after the Justice Department released an e-mail Lessig wrote to a Netscape executive last year criticizing Microsoft. Lessig wrote that he "sold [his] soul" by installing Internet Explorer (Microsoft's answer to the Netscape's popular Navigator Web browser) on his computer...
...Justice Department initiated the anti-trust litigation in question last year, arguing that Microsoft illegally tried to gain market share in the Internet browser wars by integrating Internet Explorer and the Windows 95 operating system...
Microsoft controls roughly 90 percent of the operating system market. Until recently, Netscape had a near-total monopoly on Web browser software, but within the last two years Microsoft has captured approximately 40 percent of the market through aggressive marketing of Internet Explorer...
Netscape today announced heavy casualties in its Browser Wars with Microsoft: The Silicon Valley start-up expects to post a surprise $85 million loss for the last quarter. Company officials blamed the 88-cent-per-share loss on the collapse of Pacific markets, as well as "competitive pressure" on its client-side browser software...
...that the company would put up a solid 14-cents-per-share gain, was not amused, and Netscape stock sank to $18 5/16 in early afternoon trading. Company stock has lost over half its value since early October on fears that it will be the big loser in its browser war with Microsoft. With Microsoft's Internet Explorer gaining popularity, the investors just might be right. Of course, a federal judge in Washington could have something to say about that in a hearing next week to determine whether Microsoft should be fined $1 million a day for illegally tying...