Message from discussion
AOL buying Netscape
From: n...@nl.nl (Antonius Pius)
Subject: Re: AOL buying Netscape
Date: 1998/11/24
Message-ID: <73eil8$366$1@holly.prod.itd.earthlink.net>#1/1
X-Deja-AN: 415190775
References: <73dckv$pqm$3@ash.prod.itd.earthlink.net> <VRq62.5528$0h.20426073@news.rdc1.wa.home.com>
X-Posted-Path-Was: joyce
X-ELN-Date: 24 Nov 1998 15:16:56 GMT
X-ELN-Insert-Date: Tue Nov 24 07:25:09 1998
Organization: EarthLink Network, Inc.
Newsgroups: comp.software-eng
In article <VRq62.5528$0h.20426...@news.rdc1.wa.home.com>, "Larry Brasfield" <larry_br@sea_net.com> wrote:
>Antonius Pius wrote in message <73dckv$pq...@ash.prod.itd.earthlink.net>...
>>I was just wondering...
>>
>>Am I the only one out here who thinks that, contrary to the prattle of the
>>news media, the potential AOL purchase of Netscape is a non-event?
>
>No, you are not.
>
>There is little reason to think that
> Effects(AOL + Netscape) != Effects(AOL) + Effects(Netscape)
>whether you substitute "Effects" with market effect, profitability,
>technical prowess, frisbee production, or whatever.
>
>The hoopla surrounding it is, to me, yet another sign that the
>news media no longer see themselves as reporters but as
>story-makers. Their judgment is very suspect, IMO.
According to the AP Wire, AOL has bought Netscape.
Also, according to AP:
"The agreement also cements AOL's position as a new superpower in the
high-tech world, giving it remarkable reach and enough influence to challenge
industry giant Microsoft's dominance in key areas."
It looks to me like AOL has just paid $4.21B for a company that has yet to
make money. (AOL, did you check NSCP's P/E ratio?) and was in a Graveyard
Spiral.
So now a glorified telephone company has bought a dying software company. Bill
Gates must be really scared..
John - N8086N
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