Netscape uses browser to beef up Web business

Article Abstract:

Netscape announced a significant reorganization of its Netcenter World Wide Web site by creating new links to its Web browser software, which will become available by mid-Jun 1998. Changes will consist of including special buttons on the software that accelerate transport to Netcenter site features. Users also will have the ability to alter the browser and service to resemble an integrated computer desktop. A smart browsing feature embeds key-word searches and other capabilities directly into the browser. A My Netscape feature lets users access a personalized Netcenter home page by pressing a button on the browser. Another Netscape move involves merging its browser division into the Web-site division. Netscape's move continues its repositioning against rivals such as Microsoft, Yahoo! and America Online in the duel for Web portal sites.

Services, Company Web site/Web page, Web sites (World Wide Web), Company services, Company technology development

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Netscape reports a small and unexpected profit

Article Abstract:

Netscape reported $88,000 in net income for the 3rd qtr 1998 and broke even on a per-share basis, which indicates that the Internet-software vendor may have reversed a slump since Feb 1998. A First Call consensus of Wall Street analysts had projected a per-share loss of 2 cents. Netscape lost $44.7 million, or 53 cents a share, in the quarter ended Jun 30, 1997. Company revenue of $150.2 million represents a 10% gain from the 3rd qtr 1997's $135.97 million. Enterprise sales leaped to $111.6 million for a significant 16% gain over the $96.1 million in the quarter ended Apr 30, 1998. Chief Administrator Peter Currie credited Netscape's performance on emphasizing Internet applications as well as its Netcenter Internet site, which rose 24% to $38.7 million from $31.1 million in the Apr 1998 quarter.

Computer Software, Software Publishers, Software, Finance, Company sales/revenue, Company sales and earnings, Company earnings/profit

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Netscape expected to cut 400 workers as growth slows, Microsoft toughens

Article Abstract:

Netscape is expected to lay off 400 permanent and contract workers, or 12.5% of its total work force, due to slowing growth and increased competition from Microsoft. The Netscape move is in response to estimated 4th qtr 1997 operating loss of between $14 million and $18 million, or 15 cents and 19 cents a share. CEO James Barksdale said Netscape will scale back some aspects of its business, such as a 100-member telemarketing subsidiary. Company officials did not specify the first-ever reductions, saying they will fall 'across the board.' The Internet-software company's full-time work force surged from 757 in Mar 1996 to 2,637 at the end of 1997. Netscape's browser software, Navigator, has dropped sharply in market share since Microsoft rolled out its free Internet Explorer counterpart.

Human resource management, Company restructuring/company reorganization, Reorganization and restructuring, Layoffs, Layoff

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