Netscape employees have been urged not to quit the company following its $4.3 billion takeover by America Online last week.
Steve Case, Jim Barksdale, and Scott McNealy - chief executives of AOL, Netscape, and Sun Microsystems respectively - told staff at a meeting in Cupertino, California yesterday that the three-way deal between the companies would bring rewards for all of them.
Case told his prospective new employees that the merger would not affect Netscape?s corporate culture, their stock options will still be valuable, and Netscape?s sabbatical programme will remain intact.
In an extra incentive to keep staff on board, all of Netscape?s 2,300 employees who stay through the deal?s completion will get a bonus of one month?s salary.
Some of the most pointed questions from Netscape employees, however, focused on Sun Microsystems' part in the deal, with staff concerned at potential overlaps between their software lines. Sun has agreed to license Netscape?s enterprise software from AOL.
McNealy told the audience that Sun had committed itself to selling the entire line of server software, and that the two companies would have to collaborate rather than compete with each other.
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