MICROSOFT'S WEB CLIMBING
A year after Microsoft got ''hard-core'' about the Internet, investors still are fence-sitting. On Dec. 9, its shares jumped 7%, thanks to the imminent relaunch of its Microsoft Network as a promising World Wide Web site. The next day, its stock rose 4% more, until Netscape Communications struck back, announcing a deal with five Bell phone companies to offer Netscape's Web browser with their Internet service. The result: Microsoft's stock closed up just 1/8, at 81 7/8. Netscape's rose 3, to 63.
EDITED BY KEITH H. HAMMONDS
Updated June 14, 1997 by bwwebmaster
Copyright 1996, Bloomberg L.P.