Microsoft is fighting for its life. Like an army with no visible escape route, it will fight to the death. Handsome stock options ensure Microsoft's employees won't drop their weapons. Microsoft's stockpiled wealth means it will outlast Netscape. Netscape secured the browser field first with good technology.
Navigator still holds a formidable market lead.
Losing the browser battle will hurt, but not doom, Netscape. Fighting to the death over Navigator would. There will be more fronts, more conflicts. I'll be back to talk about that later. Just to make it interesting, I predict Microsoft's share will pass Netscape's by August 1997.