I meant exactly what I said.
The missing proprietary bits were not their own code. There was nothing to read and no documentation. They could see the call, and that something important happened, but what it did and how it should work was guesswork.
Furthermore key people were gone. How the code that they had was supposed to work is harder to dig out than you might think. Read http://pages.cs.wisc.edu/~remzi/Naur.pdf for an explanation of why.
Just to add to the fun, just getting the browser running wasn't enough. Netscape and IE were incompatible all over the place, on everything from how styling worked to what order event handlers ran. (In IE, the thing you clicked on gets the event first. In Netscape, the window did. That's a pretty fundamental difference!) They needed to not just have a running browser, but have a browser with enough IE compatibility that it could be usable on webpages designed for IE. It is easier to design something to be compatible from scratch than to find out what deep assumptions need to be changed in existing code to fix incompatibilities.
As fun as it was for Joel to beat up on them for their choice, their choice was arguably the best way forward given the actual situation.