What Happened on August 25th

Netscape Communications Corp. announced it had created a software company to enter an alliance with IBM, Oracle, and four Japanese electronics companies: Sony, Nintendo, Sega, and NEC. The new company, Navio Corp., is intended to compete with Microsoft Corp. in creating a new operating system. Netscape and Microsoft remain locked in a bitter battle over Microsoft's linking of its Internet Explorer World Wide Web browser with its Windows operating system, taking customers away from Netscape's Navigator browser. Netscape hoped the new company would develop a variety of computer applications, including video game systems, televisions, and network computers that would use its cheaper technology rather than Microsoft applications.