Word: microsoft
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...buzz around Netscape portrayed the company as a real winner. The company enjoyed a 90 percent share of the Web browser market at one time. Competitors like spyglass and Microsoft acknowledged that Netscape had a one-to-two-year research and development lead--a massive advantage in the Internet industry...
This rosy portrait of America's next "insanely great" company, however, seems tattered in light of recent events. Arch-rival Microsoft enjoys near-parity in the browser market, despite mounting scrutiny from Janet Reno's trustbusters. Meanwhile, Netscape saw its 1996 profits of $20 million turn into a devastating 1997 loss of $115 million...
What went wrong with Netscape? The most obvious setbacks to the company's financial plan have come from the devastating competition of Microsoft. As I discussed in this space a few weeks back, it's very likely that Bill Gates and company have been playing unfairly and uncompetitively with Netscape, among others...
Opinions of propriety and monopoly aside, it's plainly clear that, by giving away its own Internet Explorer (IE) product, Microsoft created a great answer to Netscape's Navigator. IE is no longer a long-shot competitor to Navigator; it is the only real rival, and what's more, it's about to overtake Netscape's offering...
...continued quiet in Asia is really the key," says Schwartz. Tech bellwethers like Intel, Microsoft, and Cisco, supposedly the primary victims of sluggish overseas markets, have been rising steadily of late. And at home, potential flare-ups like the Lewinsky scandal ("Wall Street loves stability," Schwartz says) have had no effect on Bill Clinton's approval ratings--except to push them higher. And a military strike on Iraq looks weeks away. "Wall Street is emotional," Schwartz says. All the big players are buying, and when the mood is this good, only a real catastrophe is capable of spoiling...