ComputerWorld: Microsoft Net strategy to focus on tools, not contentSep 24, 1999, 03:10 (2 Talkback[s])
(Other stories by David Orenstein)
"Microsoft Corp. announced today that its Internet strategy will focus more on providing basic software tools and services to enhance the Web and less on generating consumer content.
Analysts said that Microsoft will likely succeed in transferring its software and tools roots from the desktop to the Web, and corporate customers will likely follow them into the Web world if the company doesn't falter.
As part of its effort to spread the responsibility for content beyond its walls, the company will spin off its Expedia travel site in an initial public offering... The new company will remain majority owned by Microsoft, but it will trade on the Nasdaq market under the symbol 'EXPE.'
The spin-off follows an an announcement earlier this week that Microsoft will partner with Ford Motor Co. to drive the formerly all-Microsoft Carpoint car-buying site... Microsoft has also sold off its Sidewalk site, which offers a guide to entertainment and culture in major cities."