Microsoft looms as a potential threat to Netscape’s long-term place in the market.
Predictor: Weiner, Allen
Prediction, in context:In a 1995 San Francisco Examiner article, reporter Tom Abate covers the initial public offering of stock in Netscape, quoting investment counselors, including Allen Weiner. Abate writes: ”Allen Weiner, an analyst with Dataquest Inc. in San Jose, said ordinary investors would have to weigh whether they should get into Netscape after the early traders had bid up the shares [from $14 to $28 a share]. ‘People want to know if there’s steak behind the sizzle,’ Weiner said… One reason Netscape is probably a solid deal is that it has forged alliances with the server manufacturers like Sun, Silicon Graphics and Digital to sell Netscape software already loaded … other companies don’t have those deals … ‘Microsoft looms as a potential threat to Netscape’s long-term place in the market,’ Weiner said.”
Date of prediction: August 1, 1995
Topic of prediction: Economic structures
Subtopic: General
Name of publication: Gazette
Title, headline, chapter name: Investors Scramble for a Piece of Netscape; Opening Price for Money-Losing Company’s Shares Went from $14 to $28
Quote Type: Direct quote
Page number or URL of document at time of study:
http://web.lexis-nexis.com/universe/document?_m=7e2f856f53c0421f8748dc77f57bd9ec&_docnum=15&wchp=dGLbVtb-lSlAl&_md5=1fb40f42b528f9735c4578c9359642f4
This data was logged into the Elon/Pew Predictions Database by: Edwards, Elizabeth