Netscape -- Giant Killer or Flash in the Pan? Message Board

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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?

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To: J. Kittle who wrote (3173)	5/19/1998 2:12:00 PM
From: Uncle Frank	of 4903

Citibank/Netscape press release: biz.yahoo.com Citibank and Netscape Sign Worldwide Electronic Commerce Software Licensing Agreement Citibank Licenses Netscape's Line of Applications and Server Software to Build New E-Commerce Infrastructure MOUNTAIN VIEW, Calif. and NEW YORK, May 19 /PRNewswire/ -- Netscape Communication Corporation (Nasdaq: NSCP - news) today announced that it has entered into a significant worldwide agreement to license its electronic commerce software to Citibank. Under the terms of the agreement, Citibank enjoys a perpetual license to use Netscape's line of Internet applications and server software to build an electronic commerce infrastructure. Citibank will license the Netscape(R) CommerceXpert family of packaged Internet Commerce applications as well as Netscape's line of server software including Netscape Application Server and Netscape Directory Server to build a service-ready infrastructure for the project. According to Citibank, Netscape's products deliver the flexibility, scalability, reliability, legacy integration and cross-platform support required for the project. ''This announcement with Citibank demonstrates the significant customer momentum behind Netscape's strategy of enabling enterprises to act as service providers, delivering a full range of applications as Internet services to their internal and external customers,'' said Jim Barksdale, president and chief executive officer of Netscape. ''Citibank is leveraging Netscape software for its electronic commerce applications around the world.''

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