AOL will officially pull the plug on the Netscape Web browser next week, which raises the question: Netscape is still alive? The rise and fall of Netscape is a reminder of just how quickly technology changes – and a warning to approach battles against Microsoft cautiously. Netscape was founded in 1994, and quickly won customers by providing software that made it easy for people to navigate the Internet. Netscape went public a year later and saw its stock price nearly triple on its first day of trading. At one point, the company had an $8 billion market cap and 90% of the Web browser market. But soon it all went south. Microsoft introduced its Internet Explorer browser and began eating into Netscape’s market share. Microsoft later paid AOL, which bought Netscape in 2000, $750 million to settle antitrust charges.
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