“Given AOL’s current business focus and the success the Mozilla Foundation has had in developing critically acclaimed products, we feel it’s the right time to end development of Netscape-branded browsers, hand the reins fully to Mozilla, and encourage Netscape users to adopt Firefox,” Drapeau said.

As of November 2007, IE accounted for 77.35% of the market, and Firefox 16.01%, according to Internet metrics firm Net Applications. Netscape had 0.6%.

AOL Kills Netscape’s Future, Leaves Firefox To Battle IE — Browser Wars — InformationWeek

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Tags: Firefox, IE, BrowserWars, Netscape