May 11, 2001

France Telecom saves Jabber

Author: JT Smith

From LinuxGram: "France Telecom is plowing $7 million into Webb Interactive Services' Jabber.com instant messaging (IM)
subsidiary, an investment that suddenly gives new life and credibility to Jabber, the XML-based open
source IM competitor to the AOL and Microsoft instant messengers.

Jabber was facing imminent disaster.

In its most recent financial report for last year, Webb warned that without new capital it only had enough
money left to keep operating until June.

It lost $48.6 million in 2000 on sales of only $4 million."

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