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Classic VB refers to versions of Visual Basic that were based on a foundation of Microsoft's Component Object Model COM or "Component Object Model." Specifically those versions were v4.0, v5.0, and v6.0 and they included support for the popular ActiveX Control technology for creating Reusable Software Components and more specifically Third Party Software Components . VB v7.0 was named VB.NET and is based on Microsoft's .NET Framework .