Novell, Netscape plan to form Internet firm
Article Abstract:
Novell and Netscape are jointly forming an Internet-centric software company, Novonyx. The new venture, owned equally by the two parent companies, will develop Netscape's Web server technology for Novell's NetWare network operating system. Netscape had encountered difficulties in adapting its Web server technologies for the NetWare platform, but the new company will have more access to Novell expertise. The cooperation between the two companies is widely seen as an important challenge to Microsoft. Microsoft's Windows NT is a major competitor for NetWare, and Microsoft's Web browser technologies are a threat to Netscape's browser sales, which produce the majority of its revenues. Novell and Netscape has been increasingly competing in the e-mail and groupware markets. Novonyx will be fully independent company, but will be subject to antitrust reviews. Novell is also planning a partnership with Oracle.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1997
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Yahoo!, Visa form electronic commerce tie
Article Abstract:
Yahoo! and Visa International have announced plans to dissolve their current joint venture and embark on an electronic-commerce partnership. In the new partnership Visa will become a shareholder in Yahoo!. The credit-card company will receive approximately 2% of Yahoo!'s outstanding shares, valued at approximately $21 million. In return, Visa will receive 45% of the joint venture. Yahoo! has restated its second qtr earnings for 1997 and is taking a one-time non-cash charge of $21.2 million. This will reflect the 466,321 share of stock issued to Visa. Yahoo!'s new second qtr report shows a net loss of 74 cents a share, or $20.5 million. Yahoo!'s second qtr net income before the charge totalled $610,000 and revenue rose from $3.3 million in 1996 to $13.5 million in 1997.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1997
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Netscape says revenue rose 80% in quarter
Article Abstract:
Netscape Communications met analyst's expectations for its second quarter operating profit and exceeded expectations for its revenue. The company reported a net loss of $43.8 million, or 49 cents a share, due to a one time acquisition charge of $52.6 million. Revenue for the quarter was $135.2 million and increase of 80% over the $75 million in revenue it saw in the second qtr of 1996. Netscape's net income before the acquisition charges was $8.8 million, or 10 cents a share. The company's stock rose 62.5 cents a share to $44.50 when the quarter's results were release. The company has established several advertising and publishing agreements with companies eager to utilize Netscape's popular Web page.
Publication Name: The Wall Street Journal Western Edition
Subject: Business, general
ISSN: 0193-2241
Year: 1997
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