computer

Netscape Communications Corporation is founded. Netscape was originally founded as Mosaic Communications Corporation in April of 1994 by Marc Andreessen, Jim Clark and others. Its name was soon changed to Netscape and it delivered its first browser in October of 1994. On the day of Netscape's initial public offering in August of 1995, it’s share price went from $28 to $54 in the first few minutes of trading, valuing the company at $2 billion. Netscape hired many of Silicon Valley’s programmers to provide new features and products and began the Internet boom of the 1990s.The Iomega Zip Disk is released. The initial Zip system allowed 100MB to be stored on a cartridge roughly the size of a 3 ½ inch floppy disk. Later versions increased the capacity of a single disk from 100Mbytes to 2GB.