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

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To: Christian Braboretz who wrote (3484)6/19/1998 6:32:00 PM
From: Lazlo Pierce  Read Replies (1) of 4903
 
Seems like we got some bad news
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Top Stories: IBM Says See Ya to Netscape Server Software
By Cory Johnson and Mark Gimein
6/19/98 6:06 PM ET

SAN FRANCISCO -- The bad days for Netscape (NSCP:Nasdaq) just got worse.

IBM (IBM:NYSE) is set to announce Monday that it will begin bundling the freeware Apache server with its newly released WebSphere line of application servers and software. The deal appears to be a blow to Netscape, which has collaborated with IBM to market its server products.

"There is no way this is good news for Netscape," says Roger McNamee, a fund manger with Integral Capital Partners. "I think this could knock the stock down three points."

thestreet.com
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