Oracle will float NCI in the summer in a bid to distance itself from the company it set up as a joint venture with Netscape.
NCI, the incarnation of the network computing vision of Oracle's CEO, Larry Ellison, will be floated in the summer, with the intention of reducing Oracle's majority holding.
The subsidiary will also move its head offices from under the shadow of the Oracle buildings in Redwood Shores near San Francisco.
"Strategically, it was not a good fit with Oracle's core business," explained Steve Voller, vice president of NCI's European operations.
Independence from the parent company will also help NCI to establish partnerships with companies that compete with Oracle in different markets.
NCI faces a serious battle with Microsoft's WebTV subsidiary to secure partnerships with network operators to ensure that the operators standardise with NCI Internet TV technology.
WebTV's trials in London with BT ends this month. Microsoft hasn't yet announced any European partners interested in going live with WebTV.
Microsoft has denied accusations that it has been trying to buy favour with cable companies by taking minority stakes in return for a commitment to use its technology.
"It gets construed that we are jamming our technology down their throats, and it's just not like that," said Bruce Lynn, manager of WebTV.
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