Fernando Cassia has written a short commentary/opinoin on how Netscape was years ahead of where Google is today in terms of innovation and then bemoans the fact that AOL, both before the merger and after, with Time Warner, quit innovating and investing in the future in order to show repeated quarterly gains.
It's true. Look at Netscape's calendar application. Google is just doing that now. Netscape was doing it in 1999! It's a sad tale of greed over planning for the future.