Netscape Communications Corp continues to capitalize on its skyhigh share price. Its latest target is Woodstock, New York- based Paper Software Inc, the company behind a new Live3D system that enables Virtual Reality Mark-up Language graphics to be integrated into Netscape Navigator. Paper Software develops distributed multi-dimensional user interface products, including a WebFX Virtual Reality Modelling Language plugin for Navigator, which supports the Sun Microsystems Inc Java Web language. The company is also a partner of IBM Corp, which licensed its Sidebar technology to give PC-DOS an OS/2 look and feel. Netscape, will pay an undisclosed amount in shares for Paper Software, which still has only 12 staff.
