 The management did not believe that a CD-ROM could adequately compete or supplement their business.Microsoft responded by using content from "Funk & Wagnalls Standard Encyclopedia" to create what is now known as "Encarta".In 1990 the "Britannica's" sales reached an all-time high of $650 million, but "Encarta", released in 1993, soon became a software staple with almost every computer purchase and the "Britannica's" market share plummeted.