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MICROSOFT CORPORATION

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Microsoft Plans to Pull the Plug on Internet Explorer

05/19/2021 | 07:10pm EDT

By Aaron Tilley

Microsoft Corp. said it plans to largely retire its Internet Explorer browser, adding to the digital scrap heap a product once at the center of one of the tech industry's biggest battles.

The software giant on Wednesday said its Internet Explorer 11 desktop application, the current version, will no longer be supported starting June 15 of next year for certain versions of the company's Windows software. Microsoft's browser push now is centered on Edge, which it launched in 2015, and shares underlying technology with Chrome.

Internet Explorer has faded gradually from prominence as rival browsers such as Chrome from Alphabet Inc.'s Google unit and Safari from Apple Inc. have won audiences. Internet Explorer had less than 2% of the global browser market for desktop computers in April, according to web analytics firm Statcounter. Chrome had more than 65% of that market, ahead of Safari's roughly 10%. Microsoft Edge had 8%, according to the data.

Internet Explorer joins other big names from the early days of the internet era to transition from digital reality to corporate history after being overtaken by others. AOL Instant Messenger was retired in 2017 after users flocked to platforms such as Facebook Inc.'s WhatsApp. Two years later, Tumbler, the microblogging site turned social-media network, was sold for a pittance after being overtaken by Facebook and others. BlackBerry Ltd., the company that popularized mobile email and whose devices became a must have for many in business, stopped selling its own devices after Apple's success with the iPhone and other smartphones caught on. It still provides security software for phones and other devices.

More than two decades ago, Internet Explorer was riding high -- perhaps too high to some. It featured prominently in the browser battle of roughly 20 years ago and in the U.S. government's antitrust battle against Microsoft. A federal judge ruled that Microsoft maintained its monopoly in operating-systems software by anticompetitive means and attempted to monopolize the web-browser market by unlawfully tying its Internet Explorer browser to its Windows operating-system software. The practice caused the use of Netscape Navigator, once a dominant browser, "to drop substantially" from 1995 to 1998, the judge wrote. Microsoft in 2001 reached a settlement with the Justice Department over its allegations, without admitting wrongdoing.

Microsoft's decision to sunset the browser is also a reflection of how people have changed their habits around accessing the internet, with the rise of tablets and smartphones supplanting, for many, the use of personal computers as their principal way to connect. Apple's introduction of the App Store on the iPhone, for instance, provided a different way for people to access Internet applications. Some of the practices around those tools are now under antitrust scrutiny.

Meanwhile, Internet Explorer experienced neglect not only from a broad spectrum of consumers. The software didn't earn a reference in Microsoft's most recent annual report.

For those who just can't let go, Microsoft is offering an "IE mode" with its Edge browser, allowing users to access websites and applications that haven't transitioned away from Internet Explorer.

-- For more WSJ Technology analysis, reviews, advice and headlines, sign up for our weekly newsletter.

(END) Dow Jones Newswires

05-19-21 2110ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -1.96% 2816 Delayed Quote.60.67%
APPLE INC. -1.83% 146.06 Delayed Quote.10.08%
BLACKBERRY LIMITED -0.23% 12.82 Delayed Quote.52.25%
DJ INDUSTRIAL -0.48% 34584.88 Delayed Quote.13.54%
FACEBOOK INC -2.24% 364.72 Delayed Quote.33.52%
MICROSOFT CORPORATION -1.75% 299.87 Delayed Quote.34.82%
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Financials (USD)
Sales 2022 192 B - -
Net income 2022 66 131 M - -
Net cash 2022 92 059 M - -
P/E ratio 2022 34,3x
Yield 2022 0,81%
Capitalization 2 253 B 2 253 B -
EV / Sales 2022 11,3x
EV / Sales 2023 9,87x
Nbr of Employees 181 000
Free-Float 99,9%
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Mean consensus BUY
Number of Analysts 36
Last Close Price 299,87 $
Average target price 334,59 $
Spread / Average Target 11,6%
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Managers and Directors
Satya Nadella Chairman & Chief Executive Officer
Bradford L. Smith President & Chief Legal Officer
Amy E. Hood Chief Financial Officer & Executive Vice President
James Kevin Scott Chief Technology Officer & Executive VP
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
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