Netscape 7.0 (based on Mozilla 1.0.1) was released in August 2002 was a direct continuation of Netscape 6 with very similar components. It picked up a few users, but was still very much a minority browser, one of the problems being that Mozilla itself was a worthy adversary. In addition, AOL had decided to deactivate Mozilla's popup-blocker functionality in Netscape 7.0, which created an outrage in the community. AOL learned the lesson for Netscape 7.01 and allowed Netscape to reinstate the popup-blocker. Netscape also introduced a new AOL-free-version (without the usual AOL addons) of the browser suite. Netscape 7.1 (codenamed "Buffy" and based on Mozilla 1.4) was released in June 2003.
In 2003, AOL closed down its Netscape division and laid-off or re-assigned all of Netscape's employees. Mozilla.org continued, however, as the independent Mozilla Foundation, taking on many of Netscape's ex-employees. AOL continued to develop Netscape in-house, but, due to there being no staff committed to it, improvements were minimal.
One year later, in August 2004, the last version based on Mozilla was released: Netscape 7.2, based on Mozilla 1.7.2.
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Source-http://en.wikipedia.org
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