Shares in Netscape plummeted last Friday after the company issued a profits and revenue warning. Closing at $29.25, down by 15 per cent, Netscape?s stock value has declined by 60 per cent in only 12 months.
The company's quarterly filing with the US Securities and Exchange Commission stated that increased costs and higher spending on research and development, sales and marketing and customer support means it cannot sustain historical growth rates.
Netscape acknowledges that Microsoft is eating into its traditional markets, and admits, frankly, that it expects more of the same in the foreseeable future.
Sam Sethi, Netscape?s UK marketing manager, said: ?We have to accept that Microsoft?s policy of monopolistic bundling, often including products for free, will affect our sales. Where users, particularly consumers, are offered something for free, even if quality is an issue, it is tempting.?
Sethi believes that corporate buyers are more immune to Microsoft?s blandishments, saying that rather than the browser, they want a basket of high quality services.
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