Netscape Surrenders To Internet Explorer

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This entry was posted on 12/29/2007 10:54 AM and is filed under Technology '07 - 04.



By AmericasNewsToday.Org staff 

Netscape will be shut down by AOL after failing to regain market share from Microsoft Corp.'s Internet Explorer. AOL will keep delivering security patches for the current version of Netscape until Feb. 1, 2008.

Netscape users should switch to Firefox browser, Netscape director Tom Drapeau wrote on his blog Friday. America Online Inc. paid $9.8 billion in 1999 for Netscape, which by then had been crippled by Microsoft, Bloomberg, the financial news agency, reported Friday.

The decision ends AOL's almost nine-year effort to revive Netscape, AOL bought Netscape to broaden its revenue sources as its dial-up Web-access service declined. New versions developed by AOL failed to dent Internet Explorer. AOL started offering e-mail and search services for free last year to boost advertising revenue.

When Microsoft released Internet Explorer in August 1995, Netscape controlled 80 percent of the market. The Windows maker hobbled Netscape by striking exclusive contracts with Internet service providers and bundling Internet Explorer with its operating system.

Windows Internet Explorer -- formerly Microsoft Internet Explorer -- commonly abbreviated to IE, is a series of graphical web browsers developed by Microsoft and included as part of the Microsoft Windows line of operating systems starting in 1995. It has been the most widely used web browser since 1999, attaining a peak of about 97% usage share during 2002 and 2003.

After the first release for Windows 95, additional versions of Internet Explorer were developed for other operating systems: Internet Explorer for Mac and Internet Explorer for UNIX, and versions for older versions of Windows. Only the Windows version remains in active development; the Mac OS X and UNIX version are no longer supported.

Additional reporting by Bloomberg.  




 

 
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