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These are the user uploaded subtitles that are being translated: 1 00:00:16,970 --> 00:00:20,240 I talk to lots of people who come here 2 00:00:20,240 --> 00:00:22,050 looking for the Silicon Valley experience 3 00:00:22,090 --> 00:00:24,410 They arrive with one suit case in hand 4 00:00:24,410 --> 00:00:26,980 when they head south on the 101. 5 00:00:26,980 --> 00:00:29,500 Hoping to see it this place they've heard about 6 00:00:30,390 --> 00:00:35,240 and its freeways, and its office parks 7 00:00:35,240 --> 00:00:37,960 and its strip malls, and 8 00:00:37,960 --> 00:00:40,330 it looks like every place they've ever been 9 00:00:40,360 --> 00:00:41,890 end up wondering where are they come, 10 00:00:41,890 --> 00:00:43,020 why did they come here, 11 00:00:43,020 --> 00:00:44,530 what was that brought them 12 00:00:46,880 --> 00:00:51,530 Code itself is the underlying thing that makes computers work 13 00:00:51,530 --> 00:00:54,110 Why is it important to the world, it's because 14 00:00:54,110 --> 00:00:58,200 it's the blood of the organism, that's our culture now, 15 00:00:58,200 --> 00:01:00,200 it makes everything go 16 00:01:01,580 --> 00:01:04,680 Technology has become a God of our society now 17 00:01:04,680 --> 00:01:06,680 I mean I think that its--people stand in awe of it 18 00:01:06,680 --> 00:01:09,370 and stand in awe of the people that make it 19 00:01:18,860 --> 00:01:22,620 There's a sense that software is a kind of new frontier 20 00:01:22,620 --> 00:01:24,680 it's you know it's the old gold rush metaphor 21 00:01:24,680 --> 00:01:26,680 the California gold rush all over again 22 00:01:26,730 --> 00:01:30,030 It's the kind of Hollywood of the Twenties. 23 00:01:30,030 --> 00:01:34,670 This very small set of people is really defining 24 00:01:34,670 --> 00:01:36,830 how our world's gonna be like 25 00:01:36,940 --> 00:01:40,350 I mean you know the computer becoming ubiquitous 26 00:01:40,350 --> 00:01:42,480 and the way we interact with the world 27 00:01:42,480 --> 00:01:45,290 more and more mediated through the computer 28 00:01:45,660 --> 00:01:47,980 is this very small group of people 29 00:01:47,980 --> 00:01:50,990 defining what that world's gonna be like. 30 00:01:52,300 --> 00:01:53,480 Netscape ! 31 00:01:53,480 --> 00:01:54,760 everywhere ! 32 00:01:54,760 --> 00:01:55,740 team ! 33 00:01:55,740 --> 00:01:56,540 fight ! 34 00:01:57,800 --> 00:01:59,480 Less than three years ago 35 00:01:59,480 --> 00:02:02,430 a small team of engineers at Netscape Communications 36 00:02:02,430 --> 00:02:05,420 created software that made surfing the Internet easy 37 00:02:05,420 --> 00:02:08,570 and in the process change the face of computing 38 00:02:09,690 --> 00:02:12,990 On this day however, the company is in big trouble 39 00:02:12,990 --> 00:02:17,370 driven to the ground by its rival and software colossus Microsoft 40 00:02:17,370 --> 00:02:20,400 Only a radical strategy will help save it. 41 00:02:20,840 --> 00:02:22,890 "Let's hear a loud Mozilla !" 42 00:02:22,890 --> 00:02:28,080 Mozilla ! Mozilla ! Mozilla ! 43 00:02:28,730 --> 00:02:30,780 Netscape is giving away its source code 44 00:02:30,780 --> 00:02:33,100 to programmers outside the company 45 00:02:33,770 --> 00:02:37,240 The source code is the secret formula for browsing the web 46 00:02:38,040 --> 00:02:41,240 The code is named Mozilla and if widely adapted 47 00:02:41,240 --> 00:02:44,030 it will make Netscape's code the Internet standard 48 00:02:44,030 --> 00:02:46,330 drawing users to its other products 49 00:02:46,330 --> 00:02:49,320 and restoring the company's sagging fortunes. 50 00:02:49,840 --> 00:02:52,410 Our story focuses on team of engineers 51 00:02:52,410 --> 00:02:54,400 who will come together in this building 52 00:02:54,540 --> 00:02:56,400 Over the course of the next year 53 00:02:56,400 --> 00:02:59,580 they will turn their lives inside-out to create Mozilla 54 00:02:59,600 --> 00:03:02,600 and battle a giant competitor to save their company 55 00:03:02,600 --> 00:03:04,700 and shape the future of computing. 56 00:03:11,630 --> 00:03:16,010 Right now we have a problem with the work looks like it can't possibly be done 57 00:03:16,010 --> 00:03:19,240 for the date we announced 58 00:03:19,240 --> 00:03:21,130 so were just trying to 59 00:03:22,410 --> 00:03:26,080 drill down on how doomed we are 60 00:03:26,080 --> 00:03:30,510 and sometimes the only way to do that is 61 00:03:30,510 --> 00:03:32,830 to get everybody in the room and stare each other in the eyes. 62 00:03:32,830 --> 00:03:35,740 We said were giving you Netscape Communicator on 3/31 63 00:03:35,740 --> 00:03:38,640 so if were not giving them Netscape Communicator on 3/31 64 00:03:38,640 --> 00:03:40,040 we need a way to address that. 65 00:03:41,470 --> 00:03:44,890 The goal is to get Mozilla to developpers by March 31th 66 00:03:44,890 --> 00:03:46,890 a few shorts weeks from now 67 00:03:46,890 --> 00:03:50,080 it is one of the most ambitious schedules in the company history. 68 00:03:50,080 --> 00:03:50,990 - It's a joke 69 00:03:50,990 --> 00:03:51,950 - I think we have been very exclusive 70 00:03:59,210 --> 00:04:02,400 Michael Toy one of Netscape's first employees 71 00:04:02,400 --> 00:04:05,450 heads the team that will prepare Mozilla for public release. 72 00:04:08,410 --> 00:04:10,670 We're probably doomed, we're probably gonna fail 73 00:04:10,670 --> 00:04:13,050 Microsoft is probably gonna squish us like bug anyway 74 00:04:13,050 --> 00:04:15,160 but just cause were doomed doesn't mean 75 00:04:15,160 --> 00:04:18,170 you know we cant get up in the morning and do work 76 00:04:18,800 --> 00:04:21,080 All rise 77 00:04:21,790 --> 00:04:24,800 the honorable Michael Toy presiding. 78 00:04:26,640 --> 00:04:29,150 I'm pretty flip with my kids about what I do. 79 00:04:29,150 --> 00:04:32,320 What do you do at work dad? Oh I don't know I sit in meetings 80 00:04:32,320 --> 00:04:34,730 and feel depressed and I read e-mail. 81 00:04:34,730 --> 00:04:36,480 Oh oh you got me ! 82 00:04:36,480 --> 00:04:38,960 But they think my office is the greatest place in the world though 83 00:04:38,960 --> 00:04:40,700 It's like "Oh were going to your office ?" 84 00:04:40,700 --> 00:04:43,340 "Oh yeah yippie I love going to your office !" 85 00:04:43,340 --> 00:04:46,330 They play with the guns and there is free soda 86 00:04:46,330 --> 00:04:48,330 and there is the giant balls 87 00:04:48,330 --> 00:04:51,550 basically I work at Disneyland as far as they're concerned. 88 00:04:51,550 --> 00:04:54,030 I talk about marathon versus sprint. 89 00:04:54,030 --> 00:04:57,210 The hard part is to run with significant intensity the all way 90 00:04:57,210 --> 00:04:59,580 knowing that if you ever start walking 91 00:04:59,580 --> 00:05:02,400 you're not going to make it and just keep the end in sight 92 00:05:02,400 --> 00:05:04,400 and know that there's this urgency. 93 00:05:04,880 --> 00:05:07,840 Jim Roskind an expert on software security 94 00:05:07,840 --> 00:05:11,420 is brought in to enforce rigorous standards of engineering precision. 95 00:05:11,420 --> 00:05:13,260 Imagine if you had a project 96 00:05:13,260 --> 00:05:15,210 where you felt doom was imminent 97 00:05:15,210 --> 00:05:16,890 all the different players wondering 98 00:05:16,890 --> 00:05:18,460 are they pushed beyond their level 99 00:05:18,460 --> 00:05:20,460 can they think of way of running faster, 100 00:05:20,460 --> 00:05:21,480 can anyone help them ? 101 00:05:21,560 --> 00:05:23,370 So there's lot of tension 102 00:05:23,370 --> 00:05:26,060 and anxiety over making the schedule. 103 00:05:26,620 --> 00:05:29,550 Jamie Zawinski, free source code evangelist 104 00:05:29,550 --> 00:05:32,700 will enlist outside developers to Netscape's cause. 105 00:05:33,080 --> 00:05:36,190 The free source thing is trying to change the rules, right. 106 00:05:36,570 --> 00:05:39,560 There are people who have the free software religion, 107 00:05:39,560 --> 00:05:41,950 the one thing they have in common is they're all hackers 108 00:05:42,360 --> 00:05:45,370 they're all like writing code 109 00:05:45,740 --> 00:05:48,800 so you hoping to tap in to all of those smart people 110 00:05:48,800 --> 00:05:51,680 and get something from them, you know, so that everyone benefits.. 111 00:05:56,410 --> 00:05:59,020 I talk about 2 millions and 2 half millions lines of code 112 00:05:59,020 --> 00:06:01,020 and everyone of them has to be gone over 113 00:06:01,020 --> 00:06:03,280 carefully and in some cases twice. 114 00:06:07,690 --> 00:06:10,220 With hundreds of engineers converging on Mozilla, 115 00:06:10,220 --> 00:06:12,220 with new code to enable its release, 116 00:06:12,220 --> 00:06:13,850 Tara Hernandez make sure 117 00:06:13,850 --> 00:06:15,950 that their changes do not crash Mozilla 118 00:06:15,960 --> 00:06:17,870 and brings everyones work to a halt. 119 00:06:18,250 --> 00:06:19,260 This is how we keep track 120 00:06:19,260 --> 00:06:20,800 of all the changes that are going in. 121 00:06:20,800 --> 00:06:22,190 Green is good. 122 00:06:24,170 --> 00:06:25,520 Lot of changes going on right here, 123 00:06:25,520 --> 00:06:27,340 and wham, the build all died. 124 00:06:27,340 --> 00:06:29,630 Ok, alright, bye. 125 00:06:33,740 --> 00:06:35,360 We're doomed. 126 00:06:35,660 --> 00:06:38,960 Some of the worst crashes are reserved for Scott Collins 127 00:06:38,960 --> 00:06:40,940 a veteran code writer who stands by 128 00:06:40,940 --> 00:06:42,970 for late night troubleshooting. 129 00:06:46,220 --> 00:06:48,170 I've been here for about 130 00:06:48,170 --> 00:06:50,170 I don't know, 60 hours or so. 131 00:06:50,170 --> 00:06:52,480 Writing software is different from 132 00:06:52,480 --> 00:06:54,480 selling real estate. 133 00:06:54,890 --> 00:06:56,600 Selling real estate you sell the people 134 00:06:56,600 --> 00:06:58,000 the people sleep at night. 135 00:06:58,490 --> 00:07:00,810 When they go to sleep you have to stop selling real estate 136 00:07:00,810 --> 00:07:02,280 Computers never sleep. 137 00:07:06,010 --> 00:07:08,170 You can see my cube is decked out a little bit better than 138 00:07:08,170 --> 00:07:10,170 all the people's. 139 00:07:11,160 --> 00:07:13,340 I have a nice couch 140 00:07:13,340 --> 00:07:15,600 little mattress under there I can sleep in 141 00:07:15,600 --> 00:07:17,160 artwork from my children 142 00:07:17,160 --> 00:07:18,750 I have control the light switches. 143 00:07:18,750 --> 00:07:21,740 This is what I'd like to get if my wife truly love me 144 00:07:21,740 --> 00:07:23,440 she'd let me have one. 145 00:07:24,480 --> 00:07:25,640 Life is good. 146 00:07:30,730 --> 00:07:31,480 Ok 147 00:07:32,490 --> 00:07:33,440 Bug count. 148 00:07:33,440 --> 00:07:37,000 Alright, there are a ton of bugs on here that 149 00:07:37,000 --> 00:07:39,120 people just aren't doing anything about. 150 00:07:39,360 --> 00:07:40,570 To give away its code 151 00:07:40,570 --> 00:07:43,740 Netscape engineers must make thousands of bug fixes 152 00:07:43,740 --> 00:07:45,980 Often minute changes that will allow the code 153 00:07:45,980 --> 00:07:48,300 to be used by outside developpers. 154 00:07:48,670 --> 00:07:50,880 Jeff Weinstein has, one, two, 155 00:07:50,880 --> 00:07:52,270 three, four, five, six, 156 00:07:52,270 --> 00:07:53,760 seven, eight, nine, ten, 157 00:07:53,760 --> 00:07:55,710 eleven, twelve, thirteen. 158 00:07:55,710 --> 00:07:57,850 One bug hidden in the mass of code 159 00:07:57,850 --> 00:07:59,440 can stop everyone else's work 160 00:07:59,440 --> 00:08:01,020 and can threaten the ship date. 161 00:08:01,020 --> 00:08:03,280 I need someone to page Jeff Weinstein 162 00:08:03,320 --> 00:08:05,240 and get him to call 2024. 163 00:08:05,320 --> 00:08:08,010 Even a team of twenty people building a car 164 00:08:08,010 --> 00:08:10,140 it's easy to step back fourty feet and look and go 165 00:08:10,140 --> 00:08:12,140 "Hold it, that guy has not putting on the wheel" 166 00:08:12,330 --> 00:08:14,540 You have fourty programmers working 167 00:08:14,540 --> 00:08:17,160 they all come to you with code, a gigantic morass 168 00:08:17,160 --> 00:08:19,680 of little details piled up on a disc 169 00:08:19,680 --> 00:08:22,030 usually can even see the pieces whether they're doing it correctly 170 00:08:22,030 --> 00:08:23,550 You have to assemble it into a whole 171 00:08:23,550 --> 00:08:25,040 and then see if the whole works 172 00:08:25,040 --> 00:08:27,320 and then you're not even sure of who gave you the bad bits. 173 00:08:31,870 --> 00:08:33,850 That would be bad. Let's go downstairs, come on! 174 00:08:33,850 --> 00:08:35,500 You're talking about a recipe. 175 00:08:35,500 --> 00:08:37,020 Who gave you the bad flour. 176 00:08:37,020 --> 00:08:38,400 Someone went out to grind flour, 177 00:08:38,400 --> 00:08:39,720 and they had to all be exactly 178 00:08:39,720 --> 00:08:41,660 the right size chunks of flour. 179 00:08:41,660 --> 00:08:42,960 Someone else made chocolate chips, 180 00:08:42,960 --> 00:08:44,960 they all had to be exactly the right size chunks. 181 00:08:44,960 --> 00:08:46,840 You can't figure it out until you put it all together 182 00:08:46,840 --> 00:08:47,880 you hand it out, and people go. 183 00:08:47,880 --> 00:08:49,340 "I don't like the way this tastes" 184 00:08:51,310 --> 00:08:52,400 And now you have to wonder, 185 00:08:52,400 --> 00:08:54,160 with all these details coming together 186 00:08:54,160 --> 00:08:55,840 which was the problem 187 00:08:55,840 --> 00:08:57,840 who's causing the problem, how can you fix it? 188 00:08:57,840 --> 00:09:00,400 You've got to ship on a certain time. 189 00:09:00,400 --> 00:09:02,400 And now you have all this people, 190 00:09:02,400 --> 00:09:04,990 you have the clock ticking and it gets pretty intense. 191 00:09:05,290 --> 00:09:06,700 Since Nescape began 192 00:09:06,700 --> 00:09:08,520 the amount of code making up Mozilla 193 00:09:08,520 --> 00:09:10,520 has increased by a factor of 30. 194 00:09:11,260 --> 00:09:13,360 The job of programming and debugging it 195 00:09:13,360 --> 00:09:16,410 rests upon a precarious balance of science and art. 196 00:09:18,640 --> 00:09:21,790 They talk about what they do as if 197 00:09:21,790 --> 00:09:24,890 it was a kind of alchemy, a kind of wizardry. 198 00:09:25,370 --> 00:09:27,980 It does remind me of athletics in that way. 199 00:09:27,980 --> 00:09:30,040 You know why is someone a good baseball hitter? 200 00:09:30,560 --> 00:09:33,210 Often the hitters themselves can't really explain it. 201 00:09:33,740 --> 00:09:36,000 And often the best software people 202 00:09:36,000 --> 00:09:39,600 cannot themselves understand why they're so good at it. 203 00:09:40,480 --> 00:09:44,040 But I think make a great programmer is being raised techie. 204 00:09:44,040 --> 00:09:47,050 My particular team at Netscape, I think we all grew up techie 205 00:09:47,050 --> 00:09:51,120 We all grew up with computers around us somewhere, 206 00:09:51,120 --> 00:09:54,140 so that we were exposed to them before we became 207 00:09:54,910 --> 00:09:57,710 adults, if any of us are really adults 208 00:09:57,710 --> 00:09:59,710 Jim is the most grownup of us. 209 00:10:02,000 --> 00:10:05,280 A lot of my childhood from roughly age 6 to age 17 210 00:10:05,280 --> 00:10:06,460 was around here. 211 00:10:06,780 --> 00:10:09,710 Life was just a nightmare, this is a very, very scary place 212 00:10:09,710 --> 00:10:11,610 the two school wasn't too bad. 213 00:10:11,610 --> 00:10:13,870 Ah, but it meant it 214 00:10:13,870 --> 00:10:16,700 you'd get to work on puzzles and problems. 215 00:10:17,920 --> 00:10:20,320 All of the puzzling is math, 216 00:10:20,320 --> 00:10:22,880 and that puzzling is the exact same feeling 217 00:10:22,880 --> 00:10:24,540 the exact same problem that you go through 218 00:10:24,540 --> 00:10:25,640 when you're programming. 219 00:10:26,510 --> 00:10:29,800 When I was young it'd be building with erector sets and Lego 220 00:10:30,040 --> 00:10:33,100 now the structures that you build are in software. 221 00:10:34,080 --> 00:10:36,330 My mom is a first class geek too. 222 00:10:36,830 --> 00:10:39,710 And so I have a unique experience of being able to talk 223 00:10:40,110 --> 00:10:42,960 shop with my mom, cuz' she's a director of 224 00:10:42,960 --> 00:10:45,400 really important stuff at Sun. 225 00:10:47,930 --> 00:10:50,880 At Netscape one of the code words for is the average person 226 00:10:50,880 --> 00:10:52,110 who is going to be able to use this software is, 227 00:10:52,110 --> 00:10:54,110 "Well can my mom use it?" 228 00:10:54,830 --> 00:10:56,510 Yeah, my mom can use it. 229 00:10:56,510 --> 00:10:58,510 My mom can write optimizing compilers. 230 00:11:02,030 --> 00:11:04,680 By the time I was 12 years old I was making 50 bucks an hour 231 00:11:04,680 --> 00:11:05,950 programming computers. 232 00:11:06,760 --> 00:11:10,620 People say what should I be should I grow up to be a... 233 00:11:10,620 --> 00:11:12,090 I say computer programmer. 234 00:11:16,330 --> 00:11:19,740 The thing about that makes it a youth culture 235 00:11:19,740 --> 00:11:23,230 is one's capacity to throw one's entire life on the line 236 00:11:23,230 --> 00:11:24,490 with these firms 237 00:11:25,520 --> 00:11:27,820 Entire life commitment meaning 238 00:11:27,820 --> 00:11:30,860 24-7-365 work commitment. 239 00:11:33,040 --> 00:11:34,680 It's throwing yourself into a thing 240 00:11:34,680 --> 00:11:36,840 where you don't know if that job 241 00:11:36,840 --> 00:11:38,120 is going to be around soon. 242 00:11:38,120 --> 00:11:40,010 There's no stability in here. 243 00:11:40,010 --> 00:11:43,450 So the very kind of weird irony 244 00:11:43,450 --> 00:11:45,610 is that very people who are inventing the future 245 00:11:45,610 --> 00:11:46,670 can't see their own future. 246 00:11:47,930 --> 00:11:49,740 This is a monk-life existence 247 00:11:49,740 --> 00:11:51,930 there are very few women in these societies. 248 00:11:51,930 --> 00:11:54,060 These are male societies, 249 00:11:54,060 --> 00:11:55,760 they are secret societies, 250 00:11:55,760 --> 00:11:58,590 they function very much like the Masons 251 00:11:58,590 --> 00:12:00,800 or some street gang. 252 00:12:00,800 --> 00:12:01,850 Evil! 253 00:12:03,840 --> 00:12:05,560 Evil ! Evil ! 254 00:12:05,560 --> 00:12:06,320 Evil man ! 255 00:12:06,320 --> 00:12:07,150 Why am I an evil man ? 256 00:12:07,150 --> 00:12:07,800 Did you or did you not hear a man saying Why am I an evil man ? 257 00:12:07,800 --> 00:12:08,860 Did you or did you not hear a man saying 258 00:12:08,860 --> 00:12:10,860 if you have a source leaving one bug, you will be 259 00:12:10,860 --> 00:12:11,640 in here at 1:30. 260 00:12:11,640 --> 00:12:13,040 I thought it was 2:30 261 00:12:14,320 --> 00:12:15,800 Now you're evil and stupid. 262 00:12:15,800 --> 00:12:16,440 (laughs) 263 00:12:16,440 --> 00:12:18,000 You now that, I'm actually just in a different time zone. 264 00:12:18,000 --> 00:12:20,160 I thought stupidity was an excuse though. 265 00:12:20,460 --> 00:12:22,920 A lot of people at Netscape don't get out much 266 00:12:22,920 --> 00:12:25,120 because they're at work all the time but 267 00:12:25,120 --> 00:12:27,450 most of people's social interaction I would expect is 268 00:12:27,450 --> 00:12:29,450 revolves around work just because 269 00:12:29,450 --> 00:12:31,920 so many people spend so much of their time at work. 270 00:12:31,920 --> 00:12:33,400 Hi Chris, it's Tara 271 00:12:33,840 --> 00:12:35,080 um, how much do you love me? 272 00:12:36,320 --> 00:12:37,040 Good. 273 00:12:37,040 --> 00:12:38,680 What do you know about way the threading stuff 274 00:12:38,680 --> 00:12:41,040 that falls into Javascript stuff and Java makes it feed? 275 00:12:42,010 --> 00:12:43,920 All we have left to hold on to, really 276 00:12:43,920 --> 00:12:46,080 is the work place, I mean it is the modern village. 277 00:12:47,310 --> 00:12:49,310 People get to know your history 278 00:12:49,310 --> 00:12:52,350 they shrug at your bad jokes. 279 00:12:53,690 --> 00:12:55,710 There's a kind of familiarity that 280 00:12:55,710 --> 00:12:58,380 and continuity that we don't have elsewhere. 281 00:12:58,380 --> 00:12:59,480 Paul 282 00:12:59,480 --> 00:13:02,010 we're going go out in a while and get something to eat 283 00:13:02,010 --> 00:13:04,410 and do stupid things. You're interested? 284 00:13:04,410 --> 00:13:05,850 Sure. Sure. Right. 285 00:13:06,490 --> 00:13:09,080 Ok, the purpose of this meeting is not to beat up people 286 00:13:09,080 --> 00:13:11,230 the purpose of this meeting is to make sure that 287 00:13:11,230 --> 00:13:13,660 as a company we are incredibly focused on 288 00:13:13,660 --> 00:13:15,400 getting the bug count to 0 289 00:13:15,720 --> 00:13:18,760 we've been moderately focused up until now 290 00:13:18,760 --> 00:13:20,920 we need to be deadly focused 291 00:13:20,920 --> 00:13:21,640 from here on in. 292 00:13:21,640 --> 00:13:24,540 Ok Jeff Weinstein 293 00:13:24,540 --> 00:13:26,540 is he in this room? 294 00:13:27,720 --> 00:13:28,830 He's not in this room. 295 00:13:28,830 --> 00:13:31,230 Did not check-in this weekend, true or false? 296 00:13:31,230 --> 00:13:32,800 He did not check-in this weekend 297 00:13:32,800 --> 00:13:33,920 He did not answer his mail 298 00:13:33,920 --> 00:13:35,480 and he hasn't answered his phone yet either. 299 00:13:35,480 --> 00:13:37,840 His locator shows he's with the rest of the colonists 300 00:13:37,840 --> 00:13:39,840 (laughs) 301 00:13:39,960 --> 00:13:42,520 The old saying is that trying to manage programmers 302 00:13:42,520 --> 00:13:44,520 is like trying to herd cats. 303 00:13:44,520 --> 00:13:46,520 You know you want them to be cats 304 00:13:46,520 --> 00:13:49,290 if you like cats, I mean 'cause you want what's unique about 305 00:13:49,290 --> 00:13:50,680 that creature 306 00:13:50,680 --> 00:13:54,220 But they really don't all like to go in the same direction. 307 00:13:55,240 --> 00:13:56,920 In less than four years 308 00:13:56,920 --> 00:13:59,420 Netscape has grown from a handful of people 309 00:13:59,420 --> 00:14:00,720 to over 200 310 00:14:00,720 --> 00:14:02,880 and sometimes, locating a programmer 311 00:14:02,880 --> 00:14:04,360 become yet another obstacle 312 00:14:04,360 --> 00:14:06,220 for the browser team to overcome. 313 00:14:06,220 --> 00:14:07,360 I'd say he's not in there. 314 00:14:07,360 --> 00:14:09,710 That would be my guess, straight out. 315 00:14:09,710 --> 00:14:11,210 He's not there. 316 00:14:11,930 --> 00:14:14,040 When's the last time he was in here? 317 00:14:14,040 --> 00:14:15,160 This afternoon. 318 00:14:15,160 --> 00:14:16,760 Ok 319 00:14:16,760 --> 00:14:19,900 Tara and I are ready to take a hit out on him. 320 00:14:19,900 --> 00:14:22,700 and well if ya see him when he comes back tell him to 321 00:14:22,700 --> 00:14:25,720 panic and run around and we're like 322 00:14:25,720 --> 00:14:26,670 doomed on Mac right now with this thing. 323 00:14:26,670 --> 00:14:27,760 Doomed ! doomed on Mac right now with this thing. 324 00:14:27,760 --> 00:14:27,770 Doomed ! 325 00:14:27,800 --> 00:14:31,320 The person working on Mac is like waiting for data right ? 326 00:14:31,320 --> 00:14:34,490 You should go around to every person in the company saying, "Doomed!" 327 00:14:36,670 --> 00:14:39,470 Netscape predicament has much to do with this man 328 00:14:39,470 --> 00:14:42,160 Bill Gates, whose company, Microsoft 329 00:14:42,160 --> 00:14:44,160 has made him the richest, and arguably 330 00:14:44,160 --> 00:14:46,160 the most powerful man in the world. 331 00:14:47,420 --> 00:14:49,710 Allright if we can have order we'd like to begin. 332 00:14:49,920 --> 00:14:51,420 Viewing Netscape's browser 333 00:14:51,420 --> 00:14:53,790 as a potential threat to his computing empire 334 00:14:53,790 --> 00:14:55,450 Gates has moved swiftly, 335 00:14:55,450 --> 00:14:57,180 making his own browser free 336 00:14:57,660 --> 00:14:58,960 and Netscape claims, 337 00:14:58,960 --> 00:15:01,680 also engaging an unfair business practices 338 00:15:01,680 --> 00:15:03,680 to take away its customers. 339 00:15:03,680 --> 00:15:05,180 But we need to explore today 340 00:15:05,180 --> 00:15:06,680 whether you and your company 341 00:15:06,680 --> 00:15:08,200 have crossed the line 342 00:15:08,200 --> 00:15:09,870 or on the other hand 343 00:15:09,870 --> 00:15:12,480 whether this is just the carping of disgruntled rivals. 344 00:15:12,670 --> 00:15:15,050 Netscape CEO Jim Barksdale 345 00:15:15,050 --> 00:15:17,420 argues his company's case before the Senate. 346 00:15:17,420 --> 00:15:19,520 And certainly nobody here on this panel is 347 00:15:19,520 --> 00:15:20,890 a greater admirer of Mr. Gates 348 00:15:20,890 --> 00:15:22,300 or his company than I am. 349 00:15:22,300 --> 00:15:24,120 But we do ask that Microsoft 350 00:15:24,120 --> 00:15:25,080 be held accountable 351 00:15:25,080 --> 00:15:26,010 for some of their actions. 352 00:15:26,060 --> 00:15:29,370 Actions that intimidate PC OEM manufacturers 353 00:15:29,370 --> 00:15:32,400 to use their products and exclusionary practises 354 00:15:32,400 --> 00:15:34,330 that prevent them from using my products. 355 00:15:34,330 --> 00:15:36,330 Not all companies succeed. 356 00:15:36,330 --> 00:15:38,540 Some fail to embrace change. 357 00:15:39,130 --> 00:15:42,760 This is the way technology in the free market works. 358 00:15:43,150 --> 00:15:45,520 The software industry's success 359 00:15:45,520 --> 00:15:48,400 has not been driven by government regulation 360 00:15:48,670 --> 00:15:51,680 but by freedom and the basic human desire 361 00:15:51,680 --> 00:15:54,360 to learn, to innovate and to excel. 362 00:15:54,360 --> 00:15:56,510 Meanwhile thousand of miles away 363 00:15:56,510 --> 00:15:59,500 Netscape programmers continue working around the clock 364 00:15:59,500 --> 00:16:01,640 in a race to meet Mozilla's release date. 365 00:16:02,160 --> 00:16:04,600 These guys they tend to work very consistently, 366 00:16:04,600 --> 00:16:06,860 so they'll just keep working until it's done and they won't stop. 367 00:16:07,210 --> 00:16:09,050 They don't need food, they don't need sleep, 368 00:16:09,050 --> 00:16:10,010 they don't need anything 369 00:16:10,010 --> 00:16:13,130 OK, so they take pay, but... 370 00:16:14,700 --> 00:16:17,050 A while ago some people from Harvard came and said 371 00:16:17,050 --> 00:16:19,050 "Well how do you develop software, we're writing a book" and I 372 00:16:19,260 --> 00:16:20,650 and I talked about all the things I thought 373 00:16:20,650 --> 00:16:22,000 were really important and they were just 374 00:16:22,000 --> 00:16:24,200 it felt to me like they were shaking their heads going, 375 00:16:24,200 --> 00:16:26,240 Oh, gee, he doesn't know about Principle 7 376 00:16:26,240 --> 00:16:28,040 and oh, he doesn't know about Principle 22 377 00:16:28,040 --> 00:16:30,570 and in some ways they're right... I really haven't got a clue. 378 00:16:30,570 --> 00:16:33,370 Right I really like to err on the side of 379 00:16:33,370 --> 00:16:35,610 every day we wake up in the morning and say 380 00:16:35,610 --> 00:16:37,720 based on what I know today 381 00:16:37,720 --> 00:16:40,760 what's the best way to get to where we all want to go? 382 00:16:41,680 --> 00:16:44,060 I personally or me and you three of us 383 00:16:44,330 --> 00:16:46,830 do no have time to read all two millions of source code 384 00:16:46,830 --> 00:16:49,240 to see that, there are no remaining problems. 385 00:16:52,200 --> 00:16:53,560 We're going over here 386 00:16:53,560 --> 00:16:55,880 zeroing in on Jeff Weinstein. 387 00:16:56,680 --> 00:16:59,020 With March 31st only days away 388 00:16:59,020 --> 00:17:01,790 the team can't proceed until Jeff Weinstein 389 00:17:01,790 --> 00:17:04,890 an expert on some of Netscapes most arcane code 390 00:17:04,890 --> 00:17:07,690 finds time to complete the bug fixes on his list. 391 00:17:07,840 --> 00:17:08,600 How are you doing ? 392 00:17:08,600 --> 00:17:09,370 OK 393 00:17:09,720 --> 00:17:10,600 Alright well 394 00:17:10,600 --> 00:17:12,280 you are officially the most doomed 395 00:17:12,280 --> 00:17:14,280 individual in the company sir 396 00:17:18,430 --> 00:17:21,480 this one I can close, stay with this one 397 00:17:21,480 --> 00:17:23,480 yeah bunch of these 398 00:17:23,480 --> 00:17:26,110 Um hopefully I'll get most of it done tonight 399 00:17:26,110 --> 00:17:28,040 His goal he was just going to stay all night 400 00:17:28,040 --> 00:17:29,440 and he was going to get it all done. 401 00:17:29,440 --> 00:17:31,660 The good news is actually I think by about 402 00:17:31,930 --> 00:17:34,110 I'm not sure if it was 9 or 11 o'clock at night 403 00:17:34,110 --> 00:17:36,110 he actually was completely done. 404 00:17:38,520 --> 00:17:40,200 Yeah ! 405 00:17:40,200 --> 00:17:41,680 Reaching a critical milestone 406 00:17:41,680 --> 00:17:43,720 is cause for celebration. 407 00:17:46,990 --> 00:17:49,100 And one bug left 408 00:17:49,100 --> 00:17:51,070 and it's a really really hard one 409 00:17:51,070 --> 00:17:53,280 Don't make me kill you, close 4330. 410 00:17:53,280 --> 00:17:54,920 I will close 4330. 411 00:17:56,240 --> 00:17:57,630 Bug count is small 412 00:17:57,800 --> 00:18:00,000 there are some bugs that are not currently closed 413 00:18:00,000 --> 00:18:02,480 but most of them are like piddly little annoying things that 414 00:18:02,480 --> 00:18:03,580 Some of its stuck ! 415 00:18:09,000 --> 00:18:12,760 All praise the uh the mighty ones that created tremendous pile of 416 00:18:12,760 --> 00:18:16,200 people working really hard this week to do the impossible. 417 00:18:18,410 --> 00:18:20,880 There is this magic phrase that Michael Toy invented 418 00:18:20,880 --> 00:18:22,880 which is "Zarro Boogs", hum 419 00:18:22,880 --> 00:18:24,670 which is it's not quite perfect 420 00:18:24,670 --> 00:18:26,000 but it's perfect enough 421 00:18:26,000 --> 00:18:27,550 as zero bugs / "zarro boogs". 422 00:18:27,740 --> 00:18:30,450 Do you have a spare monitor upstairs? 423 00:18:30,500 --> 00:18:32,220 Yes I do have a spare monitor. 424 00:18:32,360 --> 00:18:34,140 This is the first big test 425 00:18:34,280 --> 00:18:37,680 Will an outsider actually be able to make Mozilla work? 426 00:18:37,720 --> 00:18:42,090 If not Netscape stands a good chance of missing its March 31st deadline 427 00:18:42,300 --> 00:18:43,820 I thought it's gonna be huge thing, 428 00:18:43,820 --> 00:18:44,520 I thought it's gonna be like a hundred, 429 00:18:44,520 --> 00:18:46,740 two hundred people here like all and rows 430 00:18:46,740 --> 00:18:49,530 like with soviet style. 431 00:18:49,530 --> 00:18:51,530 We are near that organized 432 00:18:53,020 --> 00:18:55,380 Looks like it's all here, here we go! 433 00:18:56,390 --> 00:19:00,410 Wow! All good, it's pretty simple how stuff is built. 434 00:19:00,410 --> 00:19:03,170 It's just there's set of scripts that are set up 435 00:19:03,170 --> 00:19:05,240 to say exactly what to compile and then 436 00:19:05,300 --> 00:19:08,250 they all get globbed together into Mozilla hopefully. 437 00:19:10,150 --> 00:19:11,710 - Here it is - Yeah 438 00:19:11,710 --> 00:19:14,720 If you get it to work, then it means anybody can get it to work. 439 00:19:14,720 --> 00:19:15,510 That's true. 440 00:19:22,890 --> 00:19:28,390 (WILD CHEERING clapping laughter) 441 00:19:31,060 --> 00:19:34,350 - And look It has an about face! - ...Look it's so cute... 442 00:19:35,680 --> 00:19:39,120 - Oh, that was pretty 443 00:19:39,120 --> 00:19:41,590 - Yeah it's... - No, I don't think it's working. 444 00:19:41,620 --> 00:19:44,480 - Well go to the.. - Well - Oh... - Big crash... 445 00:19:44,480 --> 00:19:46,480 - Hell shot the foot... 446 00:19:49,990 --> 00:19:51,090 It's actually going really well. 447 00:19:51,090 --> 00:19:52,510 I didn't think we'd actually get somebody 448 00:19:52,510 --> 00:19:53,620 to build this quickly. 449 00:19:53,620 --> 00:19:56,600 We had to do one small adjustment and it worked! 450 00:19:57,700 --> 00:19:59,720 With the source almost ready to ship, 451 00:19:59,720 --> 00:20:01,760 Netscape must explain the significance 452 00:20:01,760 --> 00:20:03,350 of Mozilla to the press. 453 00:20:03,350 --> 00:20:06,470 Basically what we wanna do is we wanna give them a little bit of the history 454 00:20:07,320 --> 00:20:11,860 and then we wanna go into the what's actually going to happen tomorrow. 455 00:20:11,980 --> 00:20:14,360 The other important take away then too from this 456 00:20:14,360 --> 00:20:20,090 is that this is a really exciting cool thing. 457 00:20:20,090 --> 00:20:24,800 - Good afternoon, Forrester - Hi Stan Dolberg and uh Eric Brown please. 458 00:20:24,800 --> 00:20:26,050 - One second. 459 00:20:27,840 --> 00:20:31,750 - You've reached voicemail for Stan Dolberg -- I'll transfer you now 460 00:20:32,210 --> 00:20:33,910 - Good afternoon, Forrester. 461 00:20:33,910 --> 00:20:35,240 - Hi this is Maggie Young. 462 00:20:35,240 --> 00:20:37,060 I'm calling from Netscape and I have scheduled 463 00:20:37,060 --> 00:20:39,670 conference call with Stan Dolberg and Eric Brown 464 00:20:39,670 --> 00:20:41,710 and I just got Stan's voicemail. 465 00:20:41,710 --> 00:20:44,950 Netscape hopes the press will greet Mozilla with the same enthusiasm 466 00:20:44,950 --> 00:20:48,350 it had for the company in its early days. 467 00:20:48,350 --> 00:20:53,380 At eleven AM this morning, Netscape's stock went public and Wall Street went bonkers. 468 00:20:53,430 --> 00:20:56,130 Initially offer had a price of 38 $ a share, 469 00:20:56,130 --> 00:20:58,400 Netscape shut up to 72 within minutes... 470 00:20:58,400 --> 00:21:01,860 The stock is bid up at extraordinary levels 471 00:21:01,860 --> 00:21:05,040 in the first couple of really days and weeks 472 00:21:05,040 --> 00:21:06,520 of its introduction. 473 00:21:06,520 --> 00:21:09,290 It is the biggest initial public offering 474 00:21:09,290 --> 00:21:11,900 in basically the Wall Street history. 475 00:21:16,150 --> 00:21:17,720 - Good afternoon, Forrester 476 00:21:19,000 --> 00:21:20,320 - Hi this is Josh Walker. 477 00:21:20,320 --> 00:21:24,080 Today less than three years after its record breaking IPO however, 478 00:21:24,080 --> 00:21:27,030 Netscape's story generates a different response. 479 00:21:27,030 --> 00:21:28,130 - Hi there - Yup 480 00:21:28,130 --> 00:21:30,770 - As you now tomorrow is March 31st 481 00:21:30,770 --> 00:21:33,810 - So that means hum, source code will be made 482 00:21:33,810 --> 00:21:35,810 available to the developer community. 483 00:21:35,810 --> 00:21:36,820 And we thought we would just 484 00:21:36,820 --> 00:21:38,750 catch you up to speed and walk you through 485 00:21:38,750 --> 00:21:41,060 that and see if you had some questions. 486 00:21:41,060 --> 00:21:45,590 - Either I'm braindead or it takes lot of effort to communicate 487 00:21:45,840 --> 00:21:49,500 and so I'm concerned that while you all know 488 00:21:49,500 --> 00:21:53,390 what it means, I'm not confident 489 00:21:53,390 --> 00:21:56,840 that it's coming across to the press. 490 00:21:56,840 --> 00:21:58,640 - Right, I think those are good points. 491 00:21:58,640 --> 00:22:02,340 By opening up the source code, we basically extend our developer community 492 00:22:02,340 --> 00:22:04,280 from those folks that are inside of Netscape 493 00:22:04,280 --> 00:22:05,820 to hundreds and thousands of developers 494 00:22:05,820 --> 00:22:06,870 outside of Netscape 495 00:22:06,870 --> 00:22:09,730 so it's no longer Netscape versus Microsoft. 496 00:22:09,730 --> 00:22:12,120 It's Netscape and all of the Netscape, 497 00:22:12,120 --> 00:22:13,880 you know, virtual community. 498 00:22:13,880 --> 00:22:17,310 - I think there is a belief that Netscape 499 00:22:17,310 --> 00:22:20,030 doesn't have a position to continue 500 00:22:20,030 --> 00:22:21,860 to compete with Microsoft 501 00:22:21,860 --> 00:22:24,520 in the browser front and that 502 00:22:24,520 --> 00:22:27,840 in essence you've given up on the browser position. 503 00:22:32,060 --> 00:22:35,500 This was a lot more smooth than I had originally anticipated. 504 00:22:35,500 --> 00:22:36,230 Really. 505 00:22:38,270 --> 00:22:40,720 I'm still waiting for the major bump in the road 506 00:22:40,720 --> 00:22:42,340 that's gonna happen some time between now 507 00:22:42,340 --> 00:22:43,560 and tomorrow afternoon. 508 00:22:43,560 --> 00:22:45,140 In software development there is 509 00:22:45,140 --> 00:22:46,580 always a bump in the road. 510 00:22:46,580 --> 00:22:48,580 We just want to hear the Apple story 511 00:22:48,580 --> 00:22:53,940 They just can't quite get themselves comfortable 512 00:22:53,940 --> 00:22:55,980 with the patent grant or with 513 00:22:55,980 --> 00:22:58,340 whatever we tried to do to fix it for them. 514 00:22:58,340 --> 00:23:01,430 So the last thing back out of their lawyer was 515 00:23:01,430 --> 00:23:04,260 "gee, oh I don't know that we get enough protection." 516 00:23:04,260 --> 00:23:09,090 Mozilla has a small piece of code from Apple that has not been cleared for public license. 517 00:23:09,170 --> 00:23:11,020 - Ok. - We have to escalate. 518 00:23:11,770 --> 00:23:13,460 - Hi this is Mark Andreeson, 519 00:23:13,460 --> 00:23:16,440 I called a few minutes ago, and left message 520 00:23:16,440 --> 00:23:18,660 we're trying to get - the problem is I can't get phone 521 00:23:18,660 --> 00:23:19,920 there's no one at the Apple switchboard 522 00:23:19,920 --> 00:23:21,920 so I'm having a hard time getting phone numbers for people. 523 00:23:21,920 --> 00:23:22,860 Awesome. 524 00:23:24,740 --> 00:23:26,260 Hold on, 6 2 0. 525 00:23:35,030 --> 00:23:37,300 In order to ship Mozilla the next morning, 526 00:23:37,300 --> 00:23:39,110 Scott Collins is called in 527 00:23:39,110 --> 00:23:41,370 to replace Apple's code with his own invention. 528 00:23:41,370 --> 00:23:43,880 And theoretically we believe this is possible. 529 00:23:43,880 --> 00:23:47,340 It's my last bug. When I complete this bug, 530 00:23:47,340 --> 00:23:50,900 I will be allowed to rest. 531 00:23:50,900 --> 00:23:53,760 So I stayed up until about 5:40, 532 00:23:53,760 --> 00:23:56,730 this morning writing this replacement class. 533 00:23:56,730 --> 00:23:59,370 It made my life a living hell. 534 00:23:59,370 --> 00:24:01,390 I got it basically running, it's all running, 535 00:24:01,390 --> 00:24:03,290 it's all really good, and thank heavens 536 00:24:03,290 --> 00:24:04,940 we got permission from Apple 537 00:24:04,940 --> 00:24:06,300 to ship the regular source. 538 00:24:06,300 --> 00:24:08,230 It's my understanding that Jamie 539 00:24:08,230 --> 00:24:10,720 is gonna be the person that's gonna be pushing 540 00:24:10,720 --> 00:24:13,390 the bits up to the website at around 10:00, 541 00:24:13,390 --> 00:24:14,660 is that correct? 542 00:24:14,660 --> 00:24:15,750 OK. 543 00:24:15,750 --> 00:24:18,130 And we're gonna be staging some different 544 00:24:18,130 --> 00:24:20,580 photo opportunities for the press at that time, 545 00:24:20,580 --> 00:24:23,150 there will be television cameras you know news crews 546 00:24:23,150 --> 00:24:25,870 - Couldn't we just like hire actors to do this for us? 547 00:24:25,870 --> 00:24:30,990 - ...just tell them they get to be on TV come on.. - We're not gonna mandate it.. 548 00:24:30,990 --> 00:24:33,760 - You're on TV right now. - We've been on TV for two months. 549 00:24:33,760 --> 00:24:37,240 - I don't think anyone is gonna come. 550 00:24:42,360 --> 00:24:44,320 One way to learn to run a marathon 551 00:24:44,320 --> 00:24:47,610 is put a person out 26 miles into the desert, 552 00:24:47,610 --> 00:24:49,970 and say, you know, there's this bomb on your back 553 00:24:49,970 --> 00:24:51,750 that's gonna go off in a certain length of time 554 00:24:51,750 --> 00:24:53,190 if you don't get into the town. 555 00:24:53,190 --> 00:24:55,220 Well, that'll motivate you to get in 556 00:24:55,220 --> 00:24:57,310 but there is a certain chance that you'll be blown up. 557 00:24:57,310 --> 00:25:00,830 - You know what time it is? - Yeah it's five to ten. 558 00:25:00,830 --> 00:25:04,110 - Aah! Going to be late. Hurry up! 559 00:25:04,110 --> 00:25:05,940 Welcome everybody to the conference call. 560 00:25:05,940 --> 00:25:07,630 Thanks for joining us this morning. 561 00:25:07,630 --> 00:25:09,630 Today Netscape announced that 562 00:25:09,630 --> 00:25:12,470 the first developer release of its Communicator 5.0 563 00:25:12,470 --> 00:25:14,910 source code is available for download 564 00:25:14,910 --> 00:25:17,120 from the Mozilla dot org website. 565 00:25:19,220 --> 00:25:21,090 - You know where Tara is? 566 00:25:21,090 --> 00:25:22,850 - Second floor? 567 00:25:22,850 --> 00:25:25,480 - It's first floor, way on the other side. 568 00:25:25,480 --> 00:25:27,170 And then today on the end of March, 569 00:25:27,170 --> 00:25:29,440 as we announced, we are pushing the code 570 00:25:29,440 --> 00:25:30,600 out to the Web as they say, 571 00:25:30,600 --> 00:25:32,050 and we are delighted to be part of it 572 00:25:32,050 --> 00:25:33,790 and we're very excited to see what happens. 573 00:25:33,790 --> 00:25:36,250 The good news is the marathoner is now 574 00:25:36,250 --> 00:25:38,120 coming into town with that bomb on his back 575 00:25:38,120 --> 00:25:39,370 and it looks like he's gonna make it. 576 00:25:43,950 --> 00:25:45,670 - This is the moment of truth! 577 00:25:46,400 --> 00:25:48,560 They don't have theoretical framework 578 00:25:48,560 --> 00:25:50,630 to write software, they're just writing it. 579 00:25:55,320 --> 00:25:56,960 It's just like hitting the baseball. 580 00:25:56,960 --> 00:25:59,910 If their code gets a home run, 581 00:25:59,910 --> 00:26:01,490 nobody's asking questions. 582 00:26:01,490 --> 00:26:02,920 Well, this doesn't make sense, 583 00:26:02,920 --> 00:26:04,450 or why do you that, why does it work. 584 00:26:04,450 --> 00:26:05,810 Nobody cares why it works. 585 00:26:17,490 --> 00:26:20,850 - Wait this is bad. - What's that? 586 00:26:21,010 --> 00:26:25,730 - Well it's not connecting to... - The machine that controls 587 00:26:25,730 --> 00:26:28,280 the FTP push is, like, not answering. 588 00:26:28,280 --> 00:26:30,540 - Is it loaded? - It's "blast" not "blash". 589 00:26:30,710 --> 00:26:33,480 - Oh - Yeah maybe they're... 590 00:26:37,720 --> 00:26:40,620 - Mac's there. UNIX is there. Windows is there. - We're done! 591 00:26:40,660 --> 00:26:44,520 - It's on! - Yeah! 592 00:26:54,510 --> 00:26:58,250 - Since Jamie is here, I am told that means 593 00:26:58,250 --> 00:27:00,580 that we have now pushed the source out on the Net. 594 00:27:00,580 --> 00:27:01,400 Is that correct ? 595 00:27:01,400 --> 00:27:03,020 - Actually, we decided not to. 596 00:27:05,680 --> 00:27:07,900 We thought it was a stupid idea. 597 00:27:11,020 --> 00:27:12,950 - That's our story and were sticking to it. 598 00:27:25,160 --> 00:27:27,530 For a moment, everyone at Netscape 599 00:27:27,530 --> 00:27:28,810 takes a breather. 600 00:27:28,810 --> 00:27:30,830 - I think it's gonna work out. 601 00:27:31,540 --> 00:27:33,660 In the first hour of its release, 602 00:27:33,660 --> 00:27:36,530 the source code is downloaded thousands of times 603 00:27:36,530 --> 00:27:38,710 but the number of downloads is no guarantee 604 00:27:38,710 --> 00:27:41,660 that Netscape will receive enough valuable contributions 605 00:27:41,660 --> 00:27:44,130 to help the company to reverse its slide. 606 00:27:48,040 --> 00:27:50,400 He's known as Pavlov to me. He's Pavlov at 607 00:27:50,400 --> 00:27:53,490 Pavlov.net, on IRC he's Pavlov or Pav or 608 00:27:53,490 --> 00:27:57,380 um, Pav Sleeping, or Pav Tired Up Too Late. 609 00:27:57,380 --> 00:28:00,550 And um without him I think we'd be months behind. 610 00:28:00,550 --> 00:28:03,430 Netscape's notoriety draws code writers 611 00:28:03,430 --> 00:28:06,800 from around the world willing to work on Mozilla without pay. 612 00:28:06,800 --> 00:28:10,500 One such contributor comes from rural Georgia. 613 00:28:12,720 --> 00:28:15,200 I've been amazed over the last two or three years, 614 00:28:15,200 --> 00:28:17,420 when especially his mother would come tell me 615 00:28:17,420 --> 00:28:19,680 "Well, so and so called" from maybe New York 616 00:28:19,680 --> 00:28:21,100 and they were coming to Atlanta 617 00:28:21,100 --> 00:28:22,990 and they wanted to talk to Stuart or see him, 618 00:28:22,990 --> 00:28:24,740 and they were gonna go down and have lunch. 619 00:28:24,740 --> 00:28:26,920 "Well", I'd say "Who is this person from New York?" 620 00:28:26,920 --> 00:28:29,670 And the all of a sudden "Well, he's been working 621 00:28:29,670 --> 00:28:32,050 with Stuart on some programming issues 622 00:28:32,050 --> 00:28:34,270 for a year or so and he wanted to come down 623 00:28:34,270 --> 00:28:37,740 and meet. "Well, did you tell him you're only sixteen?" 624 00:28:37,740 --> 00:28:41,080 I had no idea. Um, and that's great, 625 00:28:41,080 --> 00:28:43,040 that's a wonderful thing because 626 00:28:43,040 --> 00:28:47,610 he's contributing. It doesn't matter that he's young. 627 00:28:47,610 --> 00:28:51,010 The place we call the cave. We just shut the door 628 00:28:51,010 --> 00:28:55,150 and this is where he does whatever he does. 629 00:28:55,150 --> 00:28:58,820 It is flabbergasting to think that your child 630 00:28:58,820 --> 00:29:03,780 has done something for this worldwide company 631 00:29:03,780 --> 00:29:05,110 instead of his homework. 632 00:29:05,110 --> 00:29:08,320 I went and looked back at the older code 633 00:29:08,320 --> 00:29:11,210 and I was really frightened by how 634 00:29:11,210 --> 00:29:14,100 incredibly messy and just awful the code looked. 635 00:29:14,100 --> 00:29:15,980 It would have taken you know 636 00:29:15,980 --> 00:29:18,270 years to try and figure out what it was doing. 637 00:29:18,270 --> 00:29:21,260 So we basically did it from scratch. 638 00:29:21,980 --> 00:29:24,380 Pretty much I'm providing the code that makes 639 00:29:24,380 --> 00:29:26,590 the browser show everything faster 640 00:29:26,590 --> 00:29:29,200 and more efficiently than it used to. 641 00:29:29,200 --> 00:29:33,010 His keyboarding is almost just like talking. 642 00:29:33,010 --> 00:29:36,120 It's just um, an expression. 643 00:29:36,120 --> 00:29:38,630 He can express himself that way 644 00:29:38,630 --> 00:29:42,830 and it's just totally unconscious, almost. 645 00:29:42,830 --> 00:29:45,880 Just a part of how he communicates. 646 00:29:46,680 --> 00:29:49,630 In the past, free code contributions 647 00:29:49,630 --> 00:29:51,220 helped build the Internet. 648 00:29:51,220 --> 00:29:53,150 How commercial enterprise would benefit 649 00:29:53,150 --> 00:29:55,740 from free code remains a big question. 650 00:29:55,740 --> 00:29:57,660 Well, it's certainly my hope that 651 00:29:57,660 --> 00:30:00,760 the enormous amount of new people 652 00:30:00,760 --> 00:30:02,120 that no one company could afford 653 00:30:02,120 --> 00:30:03,940 to have working on any product, 654 00:30:03,940 --> 00:30:06,660 now contributing to the Netscape Navigator 655 00:30:06,660 --> 00:30:09,570 Communicator will make a significant difference 656 00:30:09,570 --> 00:30:11,280 in the improvement of the product. 657 00:30:11,280 --> 00:30:14,720 How that works against any competitor, 658 00:30:14,720 --> 00:30:16,250 remains to be seen. 659 00:30:25,980 --> 00:30:27,770 -Good morning -Good morning, Thank you. 660 00:30:27,770 --> 00:30:31,060 David Readerman an analyst for San Francisco Investment Bank, 661 00:30:31,060 --> 00:30:33,560 closely monitors Netscape's radical plan 662 00:30:33,560 --> 00:30:35,320 for investors eager to participate 663 00:30:35,320 --> 00:30:37,050 in the Internet stock boom. 664 00:30:38,130 --> 00:30:40,430 The market is really kind of a voting machine, 665 00:30:40,430 --> 00:30:43,210 it's voting yes I believe that vision statement. 666 00:30:43,210 --> 00:30:46,500 Yes I believe that's gonna result in products sales. 667 00:30:46,500 --> 00:30:48,710 Yes that's going to drive earnings up, and 668 00:30:48,710 --> 00:30:50,710 you know stocks should traded accordingly. 669 00:30:51,150 --> 00:30:53,250 The financial benefits to Netscape of 670 00:30:53,250 --> 00:30:55,950 giving away its source code are hard to measure. 671 00:30:55,950 --> 00:30:58,390 I understand why Netscape's trying to do it. 672 00:30:58,390 --> 00:31:02,270 They still have to show me that 673 00:31:02,270 --> 00:31:04,690 behind the vision and the slideware, 674 00:31:04,690 --> 00:31:08,460 there's a real sustainable business model 675 00:31:08,460 --> 00:31:11,130 that can deliver earnings hum, 676 00:31:11,130 --> 00:31:14,560 and so I'm in show-me mode for Netscape. 677 00:31:20,580 --> 00:31:22,930 Now, my job will be three times 678 00:31:22,930 --> 00:31:25,880 as hard as it was yesterday and it was already ten times harder than it needed to be. 679 00:31:25,880 --> 00:31:29,060 Right? Did I just work really hard to ship 680 00:31:29,060 --> 00:31:31,130 the company jewels out of the building and 681 00:31:31,130 --> 00:31:33,200 it's just gonna end in us dying 682 00:31:33,200 --> 00:31:35,530 and rolling in poison and misery. 683 00:31:35,530 --> 00:31:37,460 The day after this stuff goes out, 684 00:31:37,460 --> 00:31:38,590 you really don't get to let up. 685 00:31:38,590 --> 00:31:41,150 There is then the sort of day in day out, 686 00:31:41,150 --> 00:31:45,090 go to work turn on the computer, code, code code. 687 00:31:45,090 --> 00:31:46,940 - Thanks Tara. 688 00:31:49,460 --> 00:31:50,540 - Tara? 689 00:31:50,680 --> 00:31:52,950 - Yeah what's your doctor say Tara? 690 00:31:52,950 --> 00:31:55,820 - Uh, my doctor says interestingly enough 691 00:31:55,820 --> 00:31:59,820 that I work too much 692 00:31:59,820 --> 00:32:02,260 and uh, that if I went to work today after 693 00:32:02,260 --> 00:32:04,470 my appointment he would personally kill me. 694 00:32:04,470 --> 00:32:07,760 I have an agreement with myself 695 00:32:07,760 --> 00:32:10,030 that by the time I'm 35, I'm either going 696 00:32:10,030 --> 00:32:11,850 to be high school teacher or bartender, 697 00:32:11,850 --> 00:32:13,950 but something, anything other than a 698 00:32:13,950 --> 00:32:16,080 in a position in the hightech industry, 699 00:32:16,080 --> 00:32:18,120 otherwise I'll probably die by the time I'm 40. 700 00:32:25,730 --> 00:32:27,460 Uh, now that I'm an old guy 701 00:32:27,460 --> 00:32:28,590 I've kind of been round the block 702 00:32:28,590 --> 00:32:32,850 couple times and you can go from realizing, 703 00:32:32,850 --> 00:32:34,490 "This just never stops, does it?" 704 00:32:34,490 --> 00:32:37,220 And that being really depressing 705 00:32:37,220 --> 00:32:38,920 because you feel like it "I'm on, I'm on". 706 00:32:38,920 --> 00:32:40,680 I said I was never going to be on the treadmill 707 00:32:40,680 --> 00:32:42,610 and here I am. I'm on the treadmill. 708 00:32:42,610 --> 00:32:44,850 I'm going to be running like this forever. 709 00:32:44,850 --> 00:32:46,980 Because they're good at software, 710 00:32:46,980 --> 00:32:48,940 they need to keep pace. 711 00:32:48,940 --> 00:32:51,060 And as a result, keeping pace means 712 00:32:51,060 --> 00:32:53,900 to shut a lot of other things out. 713 00:32:53,900 --> 00:32:55,600 They just don't have time to read, 714 00:32:55,600 --> 00:32:57,140 time to hear about the world. 715 00:32:57,140 --> 00:32:59,090 They don't have much time for their families. 716 00:32:59,090 --> 00:33:00,830 Um, but when you're in situation where 717 00:33:00,830 --> 00:33:02,810 you really have a lot of work to do 718 00:33:02,810 --> 00:33:04,090 and no time to do it, 719 00:33:05,020 --> 00:33:07,040 you know, you pick what you want. 720 00:33:07,040 --> 00:33:08,770 Some people pick wanting to have a family. 721 00:33:08,770 --> 00:33:10,020 Some people pick wanting to 722 00:33:10,020 --> 00:33:11,120 get some software done. 723 00:33:12,400 --> 00:33:16,800 Christopher was born right after I started at Netscape, 724 00:33:16,800 --> 00:33:19,350 and I basically missed the first 725 00:33:19,350 --> 00:33:21,710 two years of his life because of the intensity. 726 00:33:21,710 --> 00:33:23,530 I'd work 'til about 7 or 8 o'clock, 727 00:33:23,530 --> 00:33:25,280 come home, eat dinner, 728 00:33:25,280 --> 00:33:28,520 put the kids to bed, and then go back to work, 729 00:33:28,520 --> 00:33:30,390 or work from home, until 2 or 3 730 00:33:30,390 --> 00:33:32,580 in the morning, and was like the Dad zombie. 731 00:33:32,580 --> 00:33:35,160 He would call and say, I'm on my way home 732 00:33:35,160 --> 00:33:37,030 and then it would be 2 or 3 hours and 733 00:33:37,030 --> 00:33:39,300 you know, the romantic dinner candles 734 00:33:39,300 --> 00:33:40,100 had burned down 735 00:33:40,100 --> 00:33:41,690 and I was thinking he was dead 736 00:33:41,690 --> 00:33:43,020 by the side of the road so, 737 00:33:43,020 --> 00:33:45,150 you know if 24 hours goes by 738 00:33:45,150 --> 00:33:47,110 and I don't hear from him, 739 00:33:47,110 --> 00:33:48,600 that I pretty much know where to find him. 740 00:33:50,450 --> 00:33:53,090 I live in Michigan. And I commute. 741 00:33:53,090 --> 00:33:55,530 So it's quite a long commute, 742 00:33:55,530 --> 00:33:57,230 I don't make it every day. 743 00:33:57,230 --> 00:33:59,500 I only make it about every two weeks or so. 744 00:33:59,500 --> 00:34:03,480 But um, It is quite a time change. 745 00:34:03,480 --> 00:34:06,290 Here it's something like 12:01 746 00:34:06,290 --> 00:34:09,320 in the morning, and there it's 1954. 747 00:34:15,710 --> 00:34:18,430 The motivation from moving back here is 748 00:34:18,430 --> 00:34:21,130 I wanted to get into a community, 749 00:34:21,130 --> 00:34:25,210 put roots down, and you know, feel settled. 750 00:34:25,210 --> 00:34:28,900 And I...Life is just different out there, 751 00:34:28,900 --> 00:34:31,970 it really is. I mean here people like worked 752 00:34:31,970 --> 00:34:36,000 car factory or whatever... thirty years and out. 753 00:34:38,950 --> 00:34:42,010 We spent, like, 45 minutes talking about all his 754 00:34:42,010 --> 00:34:44,900 like, his whole story, from job, to job, to job, to job. 755 00:34:44,900 --> 00:34:46,210 I thought it was pretty cool. 756 00:34:47,710 --> 00:34:53,330 He had like ten or something, jobs. 757 00:34:53,590 --> 00:34:56,770 He seemed to do it a lot during particularly peak 758 00:34:56,770 --> 00:34:59,490 stressful times, like, you know, baby due 759 00:34:59,490 --> 00:35:01,450 in two months, I'm changing jobs now, dear. 760 00:35:01,450 --> 00:35:03,210 I like when everything is changing. 761 00:35:03,210 --> 00:35:05,960 That makes it's exciting. That's why I do it. 762 00:35:05,960 --> 00:35:08,120 It's something to be in the storm, 763 00:35:08,120 --> 00:35:11,410 right in the middle of it and seeing everything 764 00:35:11,410 --> 00:35:13,390 new happening and putting it all together. 765 00:35:13,390 --> 00:35:14,190 It's really exciting. 766 00:35:14,190 --> 00:35:18,080 It's almost addictive. I wouldn't want to leave it, 767 00:35:18,080 --> 00:35:20,060 that's for sure. 768 00:35:20,060 --> 00:35:22,190 At times, it's a clear sacrifice 769 00:35:22,190 --> 00:35:23,520 of elements of your personal life. 770 00:35:26,110 --> 00:35:28,210 I have to work very hard but I have 771 00:35:28,210 --> 00:35:30,760 the chance of being rewarded for my efforts. 772 00:35:30,760 --> 00:35:33,090 This disadvantage, my life's moving on. 773 00:35:33,090 --> 00:35:34,930 I don't have any children yet, 774 00:35:34,930 --> 00:35:36,380 you realize there's a certain amount of 775 00:35:36,380 --> 00:35:39,160 my life that I'm sacrificing I'm going to look back 776 00:35:39,160 --> 00:35:41,030 and a portion of this life is gone. 777 00:35:43,100 --> 00:35:46,280 In the U.S., we have at least several million people 778 00:35:46,280 --> 00:35:49,060 directly making a living from software. 779 00:35:49,060 --> 00:35:51,020 And it's the fastest growing group of 780 00:35:51,020 --> 00:35:52,440 people in the economy. 781 00:35:52,440 --> 00:35:55,250 And it's certainly in aggregate, 782 00:35:55,250 --> 00:35:57,830 the highest paying field of its size. 783 00:35:57,830 --> 00:35:59,640 I mean yeah, you've got baseball, 784 00:35:59,640 --> 00:36:00,950 you've got Hollywood. 785 00:36:00,950 --> 00:36:02,940 But you know when you really 786 00:36:02,940 --> 00:36:05,150 think of a group that has millions of people in it, 787 00:36:05,150 --> 00:36:06,850 these are the highest wages anybody 788 00:36:06,850 --> 00:36:08,330 has ever seen in the United States. 789 00:36:14,340 --> 00:36:16,730 The opportunity to win big 790 00:36:16,730 --> 00:36:19,790 for code writers is very real. 791 00:36:19,790 --> 00:36:23,650 In fact, that if you will jackpot 792 00:36:23,650 --> 00:36:26,230 opportunity is reflected here on a 793 00:36:26,230 --> 00:36:27,790 Wall Street trading desk. 794 00:36:27,790 --> 00:36:31,080 And I find that a lot of the engineers 795 00:36:31,080 --> 00:36:33,410 and managers from Silicon Valley 796 00:36:33,410 --> 00:36:35,510 are very attuned to what goes on 797 00:36:35,510 --> 00:36:38,460 on these trading floors daily. 798 00:36:38,460 --> 00:36:42,090 By one account, 64 millionaires are created daily 799 00:36:42,090 --> 00:36:44,700 in Sillicon Valley where any technology worker 800 00:36:44,700 --> 00:36:46,860 can striking rich over night. 801 00:36:46,860 --> 00:36:49,020 You join a company and they give you 802 00:36:49,020 --> 00:36:51,320 some stock options which basically says, 803 00:36:51,320 --> 00:36:53,610 rather than just giving you stock, 804 00:36:53,610 --> 00:36:55,260 they give the right to buy the stock 805 00:36:55,260 --> 00:36:57,870 in the future at the current price. 806 00:36:57,870 --> 00:37:03,010 You might get stock in the order of 807 00:37:03,010 --> 00:37:05,360 maybe a year's salary or 808 00:37:05,360 --> 00:37:07,800 two years salary typically, worth of options. 809 00:37:07,800 --> 00:37:10,920 In some of these real booming companies 810 00:37:10,920 --> 00:37:12,970 out there on the Internet, the potential for 811 00:37:12,970 --> 00:37:14,780 becoming a millionaire or doing very well, 812 00:37:14,780 --> 00:37:15,800 is very, very high. 813 00:37:15,800 --> 00:37:17,340 The people who were very, 814 00:37:17,340 --> 00:37:19,660 very early, they call them "Mozillionaires". 815 00:37:19,660 --> 00:37:21,220 Stock options are a con. 816 00:37:21,220 --> 00:37:24,090 Um, it's a carrot and dangle, it's like, 817 00:37:24,090 --> 00:37:25,450 oh well, you know if you'll give up 818 00:37:25,450 --> 00:37:26,500 your one and only youth, 819 00:37:26,500 --> 00:37:29,080 maybe someday you'll make money, right... 820 00:37:29,080 --> 00:37:31,470 it's um, I've known so many people 821 00:37:31,470 --> 00:37:33,740 who have gambled on start-up lottery 822 00:37:33,740 --> 00:37:34,970 and got nothing. 823 00:37:34,970 --> 00:37:37,940 You know it's just like lottery ticket, it's a stupid tax. 824 00:37:37,940 --> 00:37:41,960 Um, I happened to win that particular lottery. 825 00:37:41,960 --> 00:37:43,890 From the day Microsoft announced 826 00:37:43,890 --> 00:37:46,330 its aggressive commitment to the Internet, however, 827 00:37:46,330 --> 00:37:49,030 Netscape stock has been in steady decline, 828 00:37:49,030 --> 00:37:51,610 and throughout most of 1998 Netscape 829 00:37:51,610 --> 00:37:54,360 options are essentially worthless. 830 00:37:54,360 --> 00:37:55,530 A year and a half ago, 831 00:37:55,530 --> 00:37:57,630 half of our revenue came from browser sales. 832 00:37:57,630 --> 00:37:59,160 Today none of it does, so well, 833 00:37:59,160 --> 00:38:01,260 Any business person out there knows 834 00:38:01,260 --> 00:38:02,340 that that's a huge challenge. 835 00:38:02,340 --> 00:38:04,490 I mean let me take your number one selling product 836 00:38:04,490 --> 00:38:05,770 away from you and you replace that 837 00:38:05,770 --> 00:38:07,020 within period of 12 months or so. 838 00:38:07,020 --> 00:38:08,670 Not many people want to do that. 839 00:38:08,670 --> 00:38:11,470 Even though the company sells other Internet products, 840 00:38:11,470 --> 00:38:14,370 the marketplace views Netscape as a browser company 841 00:38:14,370 --> 00:38:16,640 in a losing battle with Microsoft. 842 00:38:18,230 --> 00:38:22,540 - Greg this is Jim Barksdale with Netscape Communications, how are you ? 843 00:38:22,880 --> 00:38:24,980 It's clear that Netscape doesn't have 844 00:38:24,980 --> 00:38:27,730 enough pieces to threaten Microsoft. 845 00:38:27,730 --> 00:38:30,660 I don't think that Netscape long term 846 00:38:30,660 --> 00:38:33,320 can survive as an independent company. 847 00:38:36,590 --> 00:38:39,280 While Mozilla tries to recapture the early, 848 00:38:39,280 --> 00:38:41,610 glory days of the company, 849 00:38:41,610 --> 00:38:44,050 integrating code from the outside means 850 00:38:44,050 --> 00:38:46,490 more work for everyone on the browser team. 851 00:38:46,490 --> 00:38:47,910 - Apparently I must have done it backwards 852 00:38:47,910 --> 00:38:50,630 from what you told me, or I don't know what 853 00:38:50,630 --> 00:38:52,630 - Ok, this is too fast 854 00:38:52,630 --> 00:38:54,890 - We want to take the old free tree 855 00:38:54,890 --> 00:38:56,620 and use it as subsection, 856 00:38:56,620 --> 00:38:59,430 and we want to build this interesting tree around this. 857 00:38:59,430 --> 00:39:00,280 - No that's not want we want to do 858 00:39:00,280 --> 00:39:01,640 NS Private at the top, right ? 859 00:39:01,640 --> 00:39:04,050 - A project file for this or project file for that, 860 00:39:04,050 --> 00:39:05,500 it can't be a project file for both. 861 00:39:05,500 --> 00:39:07,940 We don't have a plan for doing both. 862 00:39:07,940 --> 00:39:10,100 So right now I have some files that have 863 00:39:10,100 --> 00:39:12,200 to come from here for Java in a single directory, 864 00:39:12,200 --> 00:39:13,330 and some files that have to come from here 865 00:39:13,330 --> 00:39:15,430 in the same directory, the same directory. 866 00:39:15,490 --> 00:39:16,300 Tell me how I do that? 867 00:39:19,970 --> 00:39:21,390 That's the problem. 868 00:39:21,390 --> 00:39:23,720 The browser division which costs the company 869 00:39:23,720 --> 00:39:26,240 almost 30 million dollars a year to operate 870 00:39:26,240 --> 00:39:28,650 and contributes few revenues to the company 871 00:39:28,650 --> 00:39:31,150 is reorganized in the fall for the second time 872 00:39:31,150 --> 00:39:32,170 in less than a year. 873 00:39:32,170 --> 00:39:33,760 Do we have all the answers: No. 874 00:39:33,760 --> 00:39:35,460 We're going to try and learn what we can from 875 00:39:35,460 --> 00:39:37,200 seeing the people who've done this well... 876 00:39:37,200 --> 00:39:40,200 When I joined a start-up, I knew that 19 out of 20 fail. 877 00:39:40,460 --> 00:39:41,880 When an employee comes 878 00:39:41,880 --> 00:39:43,350 to work at Netscape today, 879 00:39:43,350 --> 00:39:44,890 he doesn't have the perception 880 00:39:44,890 --> 00:39:46,470 that there's a 19 out of 20 chance 881 00:39:46,470 --> 00:39:48,520 that this job is not gonna be in place 882 00:39:48,520 --> 00:39:49,990 1 to 5 years from now. 883 00:39:52,750 --> 00:39:56,460 If you live here, it is the ubiquitous conversation 884 00:39:56,460 --> 00:39:58,310 "Do you believe that Microsoft 885 00:39:58,310 --> 00:40:00,210 has used either a) illegal 886 00:40:00,260 --> 00:40:02,390 or just unfair methods 887 00:40:02,390 --> 00:40:04,630 to take market share from Netscape?" 888 00:40:04,630 --> 00:40:07,870 And if the heart and soul of this industry is 889 00:40:07,870 --> 00:40:12,070 opportunity, is egalitarianism, Microsoft having 890 00:40:12,070 --> 00:40:15,130 achieved its market share 891 00:40:15,190 --> 00:40:18,820 on anything other than the backs of its code 892 00:40:18,820 --> 00:40:22,170 really riles every body up. 893 00:40:22,270 --> 00:40:25,270 Justice department has charged Microsoft 894 00:40:25,370 --> 00:40:29,650 with engaging an anti-competitive and exclusionary practises 895 00:40:29,650 --> 00:40:34,470 designed to maintain its monopoly in personal computer operating systems 896 00:40:34,830 --> 00:40:39,460 and attempting to extend that monopoly to Internet browser software. 897 00:40:39,670 --> 00:40:41,830 Regardless of its case against Microsoft, 898 00:40:41,830 --> 00:40:41,870 Netscape has become a victim of its increasing size Regardless of its case against Microsoft, 899 00:40:41,870 --> 00:40:44,660 Netscape has become a victim of its increasing size 900 00:40:44,690 --> 00:40:46,570 and the growing complexities of its code, 901 00:40:46,670 --> 00:40:49,160 the company struggles to maintain the vitality 902 00:40:49,180 --> 00:40:51,160 it enjoyed as a start-up. 903 00:40:51,580 --> 00:40:53,650 When a company gets to be above a certain size, 904 00:40:53,660 --> 00:40:57,370 it's just a process, it's a mechanism for making money. 905 00:40:57,470 --> 00:41:00,130 And innovation is like one possible way of doing that, 906 00:41:00,150 --> 00:41:00,980 but it's a risky way. 907 00:41:01,010 --> 00:41:02,670 So companies, big companies don't do that. 908 00:41:02,770 --> 00:41:06,570 Um, Microsoft actually doesn't do very much, they buy companies. 909 00:41:06,600 --> 00:41:08,960 They wait until someone has done something interesting and then they acquire them, 910 00:41:09,090 --> 00:41:10,400 and then they milk it for all it's worth. 911 00:41:10,430 --> 00:41:15,070 I don't mean to pick on Microsoft because lots of companies do that, it's just the normal way of doing business. 912 00:41:24,120 --> 00:41:26,310 We're on out way to the Flint Center now. 913 00:41:26,780 --> 00:41:28,230 We're going to have an all-hands meeting. 914 00:41:28,260 --> 00:41:32,310 Jim Barksdale has moved up the all hands meeting by roughly about a week. 915 00:41:32,310 --> 00:41:36,010 We just announce quarterly results and now this major change in direction. 916 00:41:38,840 --> 00:41:43,000 Well, in case you haven't read the newspaper, 917 00:41:45,670 --> 00:41:50,980 we have, as of 1:30 this morning, 918 00:41:52,980 --> 00:42:02,290 concluded negotiations and agreed to sell our company to AOL of Dulles, Virginia. 919 00:42:06,870 --> 00:42:10,270 I can't imagine that day when they announced the merger, 920 00:42:10,370 --> 00:42:13,370 that they weren't like "Oh, I don't believe this". 921 00:42:13,470 --> 00:42:16,310 You know, sort of a nightmare scenario. 922 00:42:16,310 --> 00:42:17,770 Although, you know, the worst one would have been 923 00:42:17,770 --> 00:42:19,770 Microsoft's buying us, I guess, you know. 924 00:42:19,770 --> 00:42:21,890 Then they would have, you know you would've seen like 925 00:42:21,970 --> 00:42:24,240 his this flow of cars out of Netscape 926 00:42:24,240 --> 00:42:27,390 Six months ago they were insulting AOL's technology, 927 00:42:27,390 --> 00:42:30,090 you know, it was the service for idiots. 928 00:42:30,090 --> 00:42:31,970 "Congratulations skippy, you've got mail!" 929 00:42:32,370 --> 00:42:37,770 Netscape is not unusual in the way they felt about AOL in Silicon Valley. 930 00:42:37,770 --> 00:42:39,970 I mean, it's very clear that nobody 931 00:42:39,970 --> 00:42:41,470 had any respect for the company. 932 00:42:41,470 --> 00:42:42,950 One of them at Netscape 933 00:42:42,950 --> 00:42:45,060 called Steve Case a soap salesman 934 00:42:45,060 --> 00:42:47,060 because he used to work at Proctor and Gamble. 935 00:42:48,080 --> 00:42:49,320 The soap salesman bought them. 936 00:42:50,760 --> 00:42:54,170 The quote that came out of this article was 937 00:42:54,170 --> 00:42:57,600 "Netscape: (similar lines of) lived fast, 938 00:42:57,600 --> 00:42:59,570 died young, and left a tired corpse". 939 00:42:59,670 --> 00:43:03,470 And I don't know they agree with that. 940 00:43:04,300 --> 00:43:05,870 I don't think Netscape's done yet. 941 00:43:05,870 --> 00:43:07,110 They bought us because they like us, 942 00:43:07,110 --> 00:43:07,990 they like what we do, 943 00:43:08,260 --> 00:43:10,640 and they don't want to disturb that formula; 944 00:43:11,240 --> 00:43:13,870 so their plan is to not damage us in any way. 945 00:43:14,320 --> 00:43:16,160 There had been alot of, uh, 946 00:43:16,230 --> 00:43:17,940 a lot of speculation out on the net, 947 00:43:17,940 --> 00:43:19,390 you know, in the free software community, like 948 00:43:19,390 --> 00:43:20,820 oh well this is it, you know, 949 00:43:20,820 --> 00:43:21,670 it's all over now 950 00:43:21,670 --> 00:43:23,380 "AOL's just gonna screw everything up". 951 00:43:23,380 --> 00:43:24,160 So I wrote this thing 952 00:43:24,160 --> 00:43:25,730 that I put on the Mozilla.org site 953 00:43:25,730 --> 00:43:27,810 that just laid out the worst case scenario, 954 00:43:27,810 --> 00:43:28,770 like, well okay, 955 00:43:29,270 --> 00:43:31,460 even if everything goes wrong 956 00:43:31,560 --> 00:43:33,610 it's still not as bad as you're saying it is. 957 00:43:33,840 --> 00:43:36,360 Because the nature of what Netscape did 958 00:43:36,360 --> 00:43:39,990 meant that the code belongs to the community now. 959 00:43:40,340 --> 00:43:42,660 Few days later I got email from Steve Case, 960 00:43:42,660 --> 00:43:44,580 saying, um, we thing that you're doing is great thing and 961 00:43:44,580 --> 00:43:45,690 and it's part of the reason we bought the company 962 00:43:45,690 --> 00:43:47,390 we plan to keep it going that way, so 963 00:43:47,850 --> 00:43:52,190 um, as far as Mozilla.org and Netscape and AOL's contribution 964 00:43:52,350 --> 00:43:55,750 to the open-source movement goes, 965 00:43:55,750 --> 00:43:57,270 he says, it's gonna continue... 966 00:43:58,330 --> 00:44:01,710 The merger with AOL creates a windfall for shareholders 967 00:44:01,710 --> 00:44:05,560 that will give Netscape employees the chance to cash out and move on, 968 00:44:05,660 --> 00:44:07,920 causing speculation in the national media 969 00:44:07,920 --> 00:44:11,760 about AOL's ability to retain Netscape's key people. 970 00:44:12,660 --> 00:44:14,260 And already I hear, you know, 971 00:44:14,260 --> 00:44:16,240 that AOL people come at Netscape and say, 972 00:44:16,240 --> 00:44:17,570 yeah this is the AOL way. 973 00:44:17,570 --> 00:44:19,670 It's not gonna work at Netscape. 974 00:44:19,670 --> 00:44:22,900 It's gonna be the Netscape way with help from AOL! 975 00:44:22,900 --> 00:44:24,650 I suspect some of them will leave. 976 00:44:24,650 --> 00:44:26,800 You know, they don't want to be part of AOL. 977 00:44:26,900 --> 00:44:29,110 Some people just like the start-up mentality. 978 00:44:29,270 --> 00:44:32,000 And those that want to be part of a juggernaut 979 00:44:32,000 --> 00:44:33,920 are going to stay and be part of the juggernaut. 980 00:44:34,280 --> 00:44:38,010 I've been at Netscape for 3 and a half years and it feels like forever. 981 00:44:38,400 --> 00:44:44,190 And AOL's focus and Netscape's growing focus has been marketing and advertising, 982 00:44:44,190 --> 00:44:45,230 all that stuff, and that's 983 00:44:45,960 --> 00:44:48,540 not nearly as interesting 984 00:44:48,540 --> 00:44:50,800 to someone who's sort of a techno-fetishist. 985 00:44:50,900 --> 00:44:53,290 I'm switching jobs and selling my house, 986 00:44:53,290 --> 00:44:55,000 I'm moving, switching towns... 987 00:44:56,670 --> 00:45:00,100 That's life for start-up land. 988 00:45:01,200 --> 00:45:03,150 I'm still young and stupid as I like to put it, 989 00:45:03,150 --> 00:45:05,050 so I can get away with that stuff like that. 990 00:45:06,190 --> 00:45:10,120 Year and a half ago, so Tara comes to me she says 991 00:45:10,120 --> 00:45:13,570 "I want to be a manager so bad, that I can taste it". 992 00:45:13,570 --> 00:45:17,560 So we finally said alright, you get to be a manager. 993 00:45:17,560 --> 00:45:20,550 And like within a week she said 994 00:45:20,550 --> 00:45:22,750 "Why did you ever let me do this?" 995 00:45:25,750 --> 00:45:30,100 And Tara has turned out to be like one of Netscape's greatest managers. 996 00:45:30,200 --> 00:45:34,200 So here is to Tara, release team manager. 997 00:45:34,710 --> 00:45:37,550 Tara leaves Netscape for an e-commerce start-up, 998 00:45:37,550 --> 00:45:40,640 missing out on a big jump in the value of her stock options 999 00:45:40,640 --> 00:45:42,950 in hopes for a bigger pay out at her new company. 1000 00:45:52,760 --> 00:45:57,700 Regardless of how AOL runs the Netscape business, 1001 00:45:57,800 --> 00:45:59,980 it's not Netscape anymore - that part's over. 1002 00:45:59,980 --> 00:46:01,800 And you know, that's really sad 1003 00:46:01,800 --> 00:46:04,230 I wish Netscape could have gone it on their own. 1004 00:46:04,270 --> 00:46:08,500 Frustrated by what he perceives as a lack of commitment to open-source development, 1005 00:46:08,600 --> 00:46:12,600 Jamie quits Netscape one year to the day he helped to give away Mozilla. 1006 00:46:13,350 --> 00:46:16,200 The movie Hackers I think is just a great movie. 1007 00:46:16,300 --> 00:46:18,000 I wish our lives were like that, 1008 00:46:18,000 --> 00:46:21,150 I wish we were roller skating around in spandex and fighting bad guys, 1009 00:46:21,150 --> 00:46:25,650 but you know it's not it's sitting in a room and typing all day. 1010 00:46:28,150 --> 00:46:31,740 This is what I was trying to escape, this life. 1011 00:46:31,740 --> 00:46:33,940 I knew I did not want to live here. 1012 00:46:36,460 --> 00:46:38,750 I've been out here now about four of five years. 1013 00:46:38,750 --> 00:46:43,500 This is a nice place. This is escape from the jungle. 1014 00:46:48,600 --> 00:46:53,070 Jim Roskind is promoted to Netscape's highest engineering rank. 1015 00:46:53,990 --> 00:46:55,940 Last night I was here at four in the morning, 1016 00:46:55,990 --> 00:46:59,200 and this isn't even in the middle of a critical push. 1017 00:46:59,300 --> 00:47:01,840 But it's almost like an addiction, an adrenaline rush, 1018 00:47:01,840 --> 00:47:03,900 a going for perfection, a pushing. 1019 00:47:03,900 --> 00:47:08,490 And then as you see the results, you get the feedback to push harder. 1020 00:47:12,960 --> 00:47:14,990 You know I really shouldn't comment on this 1021 00:47:14,990 --> 00:47:16,380 since I'm just as foolish as everyone else is 1022 00:47:16,380 --> 00:47:18,070 but I'll just go ahead and do it while admitting that I'm foolish, 1023 00:47:18,070 --> 00:47:20,900 there's just a tremendous quest for material wealth here. 1024 00:47:21,000 --> 00:47:23,200 It's like the goldrush all over again. 1025 00:47:24,100 --> 00:47:26,400 And this is gonna be the playhouse. 1026 00:47:26,500 --> 00:47:29,210 And then this will be like a front porch I think a little flowers and stuff. 1027 00:47:29,210 --> 00:47:30,670 So it will be like a cute little house. 1028 00:47:30,900 --> 00:47:34,800 I went to Netscape because its main purpose was to generate cash, 1029 00:47:34,900 --> 00:47:36,500 based on this Internet thing. 1030 00:47:36,500 --> 00:47:38,580 It's like what we're gonna do, we're gonna get rich. 1031 00:47:38,580 --> 00:47:41,880 It just took a heavy toll on our marriage, 1032 00:47:41,880 --> 00:47:44,500 and, if it wasn't for God's grace, 1033 00:47:44,600 --> 00:47:46,040 we wouldn't have made it. 1034 00:47:46,100 --> 00:47:49,440 "Why would I use god gives" 1035 00:47:50,000 --> 00:47:51,800 Micheal burned out. 1036 00:47:51,900 --> 00:47:57,030 Micheal, came to a place, in his own life where he said the cost is too great, 1037 00:47:57,030 --> 00:47:59,190 I'm not gonna do it anymore. 1038 00:47:59,770 --> 00:48:02,480 If people are - would look at this and say oh 1039 00:48:02,480 --> 00:48:04,980 hey this is a cool thing, I'm gonna start a start-up 1040 00:48:04,980 --> 00:48:06,750 and get rich quick 1041 00:48:06,750 --> 00:48:08,360 I would just have to say 1042 00:48:08,360 --> 00:48:09,740 you need to count the costs 1043 00:48:10,090 --> 00:48:13,370 because you can't ever retrieve the time that's lost. 1044 00:48:13,960 --> 00:48:15,270 Michael Toy 1045 00:48:15,270 --> 00:48:17,100 Netscape employee number 6 1046 00:48:17,100 --> 00:48:19,300 achieved his goal of financial independance 1047 00:48:19,300 --> 00:48:22,950 and retired from Netscape shortly after Mozilla's release. 1048 00:48:29,120 --> 00:48:30,330 In the Valley, 1049 00:48:30,330 --> 00:48:33,690 if you've stayed someplace longer than about three years 1050 00:48:33,690 --> 00:48:35,220 people wonder what's going on? 1051 00:48:35,220 --> 00:48:37,220 Why can't you get another job, what's wrong with you? 1052 00:48:37,220 --> 00:48:39,220 If you're a programmer, you pretty much change jobs 1053 00:48:39,220 --> 00:48:41,220 about every two years or so. 1054 00:48:42,060 --> 00:48:43,220 It's like ants, 1055 00:48:43,220 --> 00:48:43,880 worker ants. 1056 00:48:43,880 --> 00:48:45,880 They send out a group out to do something. 1057 00:48:45,880 --> 00:48:47,660 As that group approaches 1058 00:48:47,660 --> 00:48:48,970 the task that they're gonna do 1059 00:48:48,970 --> 00:48:50,970 some ants leave, more ants come on 1060 00:48:50,970 --> 00:48:53,020 By the time it gets to the target 1061 00:48:53,020 --> 00:48:54,500 it could be a totally different set of ants 1062 00:48:54,720 --> 00:48:58,520 I think as we distribute the set of work that we're doing 1063 00:48:58,520 --> 00:49:00,520 and more and more, in the Information Age 1064 00:49:01,490 --> 00:49:02,620 it'll be more like that. 1065 00:49:03,340 --> 00:49:07,110 Scott Collins continues to commute to Netscape from Michigan. 1066 00:49:11,440 --> 00:49:12,820 There's lot of pressure right now 1067 00:49:12,820 --> 00:49:14,820 to complete our product on time. 1068 00:49:15,260 --> 00:49:17,480 Um, sort of wade in with 1069 00:49:17,710 --> 00:49:21,430 the ridiculous acrobatics the stock is doing. 1070 00:49:21,750 --> 00:49:23,430 We were a 20$ company 1071 00:49:23,430 --> 00:49:26,820 and as of this moment our stock is at 172$. 1072 00:49:27,310 --> 00:49:29,880 So it's hard to be depressed about the amount of work 1073 00:49:29,880 --> 00:49:31,560 you have to do when 1074 00:49:31,560 --> 00:49:33,560 every other cube holds a millionnaire. 1075 00:49:35,460 --> 00:49:38,910 When the deal with AOL closes in the Spring of 1999 1076 00:49:38,910 --> 00:49:43,130 the value of Netscape's stock more than doubled since the merger's announcement. 1077 00:49:44,290 --> 00:49:45,820 Netscape married right. 1078 00:49:46,320 --> 00:49:49,260 They hitched their fortunes to AOL 1079 00:49:49,260 --> 00:49:51,260 when the transaction was announced, 1080 00:49:51,380 --> 00:49:54,840 the implied valuation was about 4.2 billion 1081 00:49:54,980 --> 00:49:56,840 when transaction was completed, 1082 00:49:57,230 --> 00:50:00,170 the transaction was valued at 10 billion. 1083 00:50:00,170 --> 00:50:04,340 So in effect about 5.5 or 6 billion dollars 1084 00:50:04,340 --> 00:50:06,640 of net worth was created 1085 00:50:06,640 --> 00:50:10,460 so I think it was the very clever deal-making 1086 00:50:10,460 --> 00:50:13,890 of Netscape management that kept them in the game 1087 00:50:13,890 --> 00:50:18,560 much longer and Netscape's shareholders benefited quite considerably. 1088 00:50:19,520 --> 00:50:20,730 Mo- 1089 00:50:20,780 --> 00:50:21,870 -zill- 1090 00:50:21,870 --> 00:50:22,950 -la 1091 00:50:22,950 --> 00:50:24,290 lives ! 1092 00:50:24,290 --> 00:50:26,440 While many executives sold their stock 1093 00:50:26,440 --> 00:50:28,040 during Netscape's final year 1094 00:50:28,040 --> 00:50:29,620 Barksdale bought more 1095 00:50:29,620 --> 00:50:31,890 and after the merger he swapped his shares 1096 00:50:31,890 --> 00:50:35,000 for more than half a billion dollars of AOL stock. 1097 00:50:39,100 --> 00:50:40,900 Another young man comes west 1098 00:50:40,900 --> 00:50:44,210 to seek his fortune on technology's new frontier. 1099 00:50:44,210 --> 00:50:46,900 I'm a little bit nervous going into this interview, 1100 00:50:46,900 --> 00:50:50,310 cause I'm not entirely sure what to expect. 1101 00:50:50,310 --> 00:50:52,180 It's a long way away 1102 00:50:52,180 --> 00:50:54,060 Three thousand miles 1103 00:50:54,060 --> 00:50:57,270 is a long way for your child to be 1104 00:50:57,270 --> 00:51:02,360 But this is a place where there's a lot going on that 1105 00:51:02,360 --> 00:51:04,410 he's very interested in and I think 1106 00:51:04,410 --> 00:51:06,410 has some talents in this area. 1107 00:51:06,410 --> 00:51:09,470 And I really think that this may be 1108 00:51:10,430 --> 00:51:13,170 kind of home for him as far as 1109 00:51:13,170 --> 00:51:15,170 being able to work with people 1110 00:51:15,170 --> 00:51:17,510 that he can actually talk to. 1111 00:51:23,270 --> 00:51:24,950 - Pavlov! 1112 00:51:27,510 --> 00:51:29,390 - What I want to know is, 1113 00:51:29,510 --> 00:51:30,870 what you want to do 1114 00:51:30,870 --> 00:51:33,640 I mean, what your goals are in the next couple of years? 1115 00:51:33,640 --> 00:51:35,040 - My goal right now 1116 00:51:35,040 --> 00:51:38,700 is that I want to see the UNIX version faster than the Windows version. 1117 00:51:39,560 --> 00:51:41,070 Once you pull that off, 1118 00:51:41,070 --> 00:51:43,260 then, you know, we'll see. 1119 00:51:43,310 --> 00:51:44,280 But that's my goal. 1120 00:51:45,730 --> 00:51:47,860 Pavlov is hired by Netscape. 1121 00:51:47,860 --> 00:51:50,150 He postpones going to college. 1122 00:51:52,370 --> 00:51:55,060 Taking part in what one investor has called the largest 1123 00:51:55,060 --> 00:51:57,730 legal creation of wealth in the history of the planet, 1124 00:51:57,730 --> 00:52:00,590 David Readerman moves to a new investment bank. 1125 00:52:04,300 --> 00:52:05,580 Here's the data center, 1126 00:52:05,580 --> 00:52:08,170 a lot of cable, a lot of fiber. 1127 00:52:08,350 --> 00:52:12,270 These can be sort of, you know, Internet connections 1128 00:52:12,320 --> 00:52:14,790 they can be our trading lines, our phone lines. 1129 00:52:14,790 --> 00:52:17,780 You know we're lying the infrastructure 1130 00:52:17,780 --> 00:52:21,040 to basically build a major merchant bank. 1131 00:52:21,580 --> 00:52:24,520 Our view is that the Internet changes everything 1132 00:52:24,520 --> 00:52:26,840 and we're going to finance the companies 1133 00:52:26,840 --> 00:52:29,330 that want to be the agents of that change. 1134 00:52:36,860 --> 00:52:38,040 Look at this intersection, 1135 00:52:38,040 --> 00:52:40,320 we've got a bank here, 1136 00:52:40,320 --> 00:52:42,980 in two years you know this may not be here, 1137 00:52:42,980 --> 00:52:45,330 why not bank online? 1138 00:52:47,520 --> 00:52:49,150 Gap's website 1139 00:52:49,150 --> 00:52:52,590 is one of the most successful commerce websites 1140 00:52:52,590 --> 00:52:54,590 on the market. 1141 00:52:56,070 --> 00:52:59,030 I don't even know why Gap's renovating this store? 1142 00:52:59,030 --> 00:53:01,600 Why aren't they investing more in their website? 1143 00:53:03,370 --> 00:53:06,480 I don't know what this intersection may look two years from now. 1144 00:53:09,230 --> 00:53:11,180 When I started people didn't know what HTML was, 1145 00:53:11,180 --> 00:53:12,880 what the World Wide Web was, and then all of a sudden 1146 00:53:12,880 --> 00:53:14,880 the power of the Internet that had been there 1147 00:53:14,880 --> 00:53:17,130 for years was available to everybody 1148 00:53:17,250 --> 00:53:20,330 in an easy way, Point & click, the universal language. 1149 00:53:20,330 --> 00:53:23,770 It's like in Fantasia when Mickey is standing over 1150 00:53:23,840 --> 00:53:25,400 the book that's open on the mountain, 1151 00:53:25,400 --> 00:53:26,510 and he's looking in to see what to do 1152 00:53:26,510 --> 00:53:28,510 and he does something. And he doesn't really know what he does 1153 00:53:28,750 --> 00:53:29,890 but it makes something happen. 1154 00:53:29,890 --> 00:53:32,260 And of course this thing gets out of control and keeps going. 1155 00:53:32,280 --> 00:53:33,990 You don't know why it works, you don't know how it works, 1156 00:53:33,990 --> 00:53:35,790 you just push a button and it works. 1157 00:53:35,790 --> 00:53:37,810 We're at the beginning of an industry and 1158 00:53:37,810 --> 00:53:39,810 who knows where that industry's gonna go? 1159 00:53:39,810 --> 00:53:41,890 This could all turn into television again. 1160 00:53:41,890 --> 00:53:44,580 It could be controlled by a small number of 1161 00:53:45,860 --> 00:53:48,180 companies who decide what we see and hear. 1162 00:53:48,180 --> 00:53:50,180 And there's a lot of precedent for that. 1163 00:53:51,340 --> 00:53:53,510 I'm just laying down the tracks 1164 00:53:53,510 --> 00:53:55,510 and there were these trains zooming by me, 1165 00:53:55,510 --> 00:53:57,440 and there's no way I'd want to say it's a 1166 00:53:57,440 --> 00:53:59,440 bad thing to have these trains fly by. 1167 00:54:00,380 --> 00:54:01,860 I could be a horrible legacy. 1168 00:54:01,860 --> 00:54:04,230 If it ended up being a legacy of, 1169 00:54:04,230 --> 00:54:06,600 you know, Netscape and the Internet, 1170 00:54:07,360 --> 00:54:09,070 that we could all like, 1171 00:54:10,200 --> 00:54:11,680 do what we're doing only under 1172 00:54:11,680 --> 00:54:13,360 much more intense pressure and 1173 00:54:13,680 --> 00:54:14,720 much faster. 1174 00:54:17,090 --> 00:54:18,450 Everything has to change faster, 1175 00:54:18,450 --> 00:54:20,150 obviously, you know, look at Netscape. 1176 00:54:20,150 --> 00:54:22,150 It was born and died. 1177 00:54:22,150 --> 00:54:23,950 I don't want to use the word "died", they wouldn't like that word. 1178 00:54:23,950 --> 00:54:26,300 But basically it was born and overtaken 1179 00:54:26,300 --> 00:54:27,760 within four years. 1180 00:54:27,760 --> 00:54:30,050 That's pretty fast, I think. 1181 00:54:30,400 --> 00:54:31,830 They must think it's very fast. 1182 00:54:31,830 --> 00:54:33,830 Near the end of 1999, 1183 00:54:33,830 --> 00:54:35,510 the public still awaits Netscape's 1184 00:54:35,510 --> 00:54:37,510 first open source browser, 1185 00:54:37,510 --> 00:54:39,980 more than a year after Mozilla was released. 1186 00:54:40,270 --> 00:54:42,120 The judge and the justice department 1187 00:54:42,120 --> 00:54:44,440 end a trust trial rules that Microsoft 1188 00:54:44,470 --> 00:54:46,770 is a monopoly, it stiffles innovation. 1189 00:54:46,770 --> 00:54:48,570 AOL begins the millenium 1190 00:54:48,590 --> 00:54:50,620 with a new even larger aquisition, 1191 00:54:50,620 --> 00:54:53,430 and investors continue buying technology stocks, 1192 00:54:53,430 --> 00:54:56,220 which trade with increasing volatility. 1193 00:54:56,860 --> 00:54:59,280 Still as the Internet finds its way 1194 00:54:59,280 --> 00:55:01,060 into every corner of daily life, 1195 00:55:01,060 --> 00:55:03,180 so, too will legions of programmers 1196 00:55:03,180 --> 00:55:05,380 and their code, working fast 1197 00:55:05,380 --> 00:55:07,380 and late into the night. 93974

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