Mustang Software’s Co-Founder and President, Jim Harrer posts an angry response denying a Usenet rumor that Wildcat! BBS Software contains a backdoor that allows remote sysop privileges.
Netscape Communications Corp. goes public after generating revenues of US$16.6 million of the course of the past year. Five million shares are offered: 4,250,000 of the shares are offered within North America on the NASDAQ and 750,000 shares are offered internationally. Before trading, shares are priced at US$28. The stock opens at US$71, reaching a high of US$74.75 before closing at US$58 at the end of the day. The company’s value becomes US$2.2 million. This is the best opening day for a stock in Wall Street history for an issue of its size. Netscape becomes 3rd largest NASDAQ IPO offering ever. Netscape was co-founded by Marc Andreessen the developer of the MOSAIC web browser while a student at the University of Illinois.
AMD introduces the Athlon processor, formerly code-named K7. The processor features Enhanced 3DNow! technology. Price: US$849 (650MHz), US$615 (600MHz), US$449 (550MHz), US$249 (500MHz) Yahoo launches Yahoo! Greetings.
Version 2.62.1 of the RemoteAccess bulletin board system is released.
The Iomega Corporation announces job cuts and a plan to restructure amidst declining interest in its Jaz and Zip product lines while CDRW technology saturates the market with lower cost models.
The National Science Foundation announces its intentions to invest US$53 million to construct the Distributed Terascale Facility, the most powerful super computer ever developed. It will be used by four research centers based in the United States on projects including molecular modeling, disease detection, drug development, and climate simulations. It is expected to be capable of making 13.6 trillion calculations per second and will have 600 terabytes of data storage when it is completed in 2002.
Federal judge grants the state of Massachusetts' request to prevent three MIT students from giving a presentation about hacking smartcards used in the Boston subway system
URL shortner TR.IM announces they will be shut down do to lack of funds.
Verizon and Google publish a joint policy proposal to promote an "Open Internet". In the proposal (if passed into law), it could fine people up to $2 million for breaking any law. The proposal touched on wireless issues and items dealing with internet traffic including paid prioritization.
Blockbuster Video begins including games in it's by-mail rental system. 3,000 titles were available to have delivered to your home.