Financial Press Releases
AOL Names James E. Martin as Senior VP and General Manager of Netscape Netcenter
(June 8, 1999) - America Online, Inc., the world's leading interactive services company, today announced the appointment of James E. Martin to the role of Senior Vice President and General Manager of Netcenter, Netscape's leading Internet portal site.
Sun and AOL Name Tolliver President and General Manager of Strategic E-Commerce Alliance
(March 24, 1999) Sun Microsystems and America Online announced that Sun executive Mark Tolliver will serve as President and General Manager of their strategic alliance to provide easy-to-deploy, end-to-end enterprise and e-commerce solutions to business partners and other companies competing in today's Net Economy. In addition, Barry Ariko, AOL's new Senior Vice President, Netscape Enterprise Group, and formerly Netscape's Executive Vice President and Chief Operating Officer, will also hold the title of Executive Vice President and Deputy General Manager of the strategic alliance.
America Online Announces New Organization to Integrate Netscape and Extend Industry Leadership
(March 24, 1999) America Online announced a new organization to integrate Netscape's operations and build on the strengths of the Netscape brand. The Company said it will organize into four Product Groups: The Interactive Services Group, the Interactive Properties Group, the Netscape Enterprise Group, and the AOL International Group. As part of its integration of Netscape, the Company said job redundancies and its new organizational structure will lead to reductions of 350 to 500 positions at Netscape and approximately the same number across America Online's other operations.
America Online, Inc. Completes Acquisition of Netscape Communications Corporation
(March 17, 1999) America Online announced it has completed the acquisition of Netscape Communications Corporation.
Netscape Closes Acquisition of AtWeb
(January 6, 1999) Netscape has closed the acquisition of AtWeb Inc., a leading online services company. Netscape issued 3.36 million shares of Netscape stock to purchase 100 percent of AtWeb stock and options. The company has accounted for this transaction as a pooling of interests. Founded in 1996, Sunnyvale-based AtWeb is a privately held company. Netscape plans to maintain AtWeb as its wholly owned subsidiary, with AtWeb reporting into the Netscape Netcenter division.