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Netscape's Crisis: Will it be the American Gibbor-Sabrina?
Bill did it again.
Netscape stock was cut again, now by 21%, after announcing an
expected quarter loss of $85 million. Many workers will be layed
off.
Stock is set currently on $18.5, about a tenth of the record ($171),
and a fifth in its value (there was a 50% split).
When it reached $171, its market value was about $7 billion (!),
and analysts expected it to outpace Microsoft quickly (Microsoft's
value was less than $50 billion). Meanwhile, Netscape's value is
down to $1.4 billion, and Microsoft is up to $160 billion.
It seems the game is over. Let's hope that the whole UNIX market
will not be the next victim.
Hey, Larry, what are you waiting for?
--
Eli Marmor
marmor@elmar.co.il
El-Mar Software Ltd.