Word: aol
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Dates: during 1990-1999
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Talk about saving the best for last. In 1998's final session of the Microsoft trial , Judge Thomas Penfield Jackson conceded what Microsoft has been saying for weeks: That the merger of AOL and Netscape could represent "a very significant change of the playing field" which "could very well have an immediate effect on the market." Jackson agreed to let Microsoft review the documents submitted by the merging companies to the Justice Department for approval, and also said he might allow Microsoft to request additional documents from AOL and Netscape to assist in its defense. "It is a major victory...
...This is in line with the trends we've been tracking," says TIME science editor Philip Elmer-DeWitt. "More than half of AOL users are now girls and women, largely because it offers such good e-mail chat services." And even in a p.c. PC world, is it that surprising that women find chat addictive? Still, one might expect than only kids would have 55 hours a week to spend online -- the average dose for self-described addicts -- but researchers were surprised to discover that the typical Net fiend was closer to 30. They also tended to be depressed...
Cramer manages a hedge fund and writes daily for thestreet.com an investing website. He holds investments in AOL, Cisco and Intel. Nothing in this column should be construed as advice to buy or sell stocks...
...Microsoft, the patient isn't even bleeding. Bill Gates' famously evasive testimony and the parade of Microsoft's victims have hurt the company, at least in the eyes of the press. But the case's central tenet--that Microsoft illegally leveraged its operating-systems monopoly--still stands, whatever AOL does with Netscape. Even before the $4.2 billion buyout was announced, government economist Frederick Warren-Boulton was framing it as more evidence of Microsoft's strong-arming. "Netscape has been forced to the wall," he said. "That's an unfortunate outcome of what Microsoft has been doing." Touche...
...moving swiftly on two fronts. He turned to the Justice Department for antitrust relief, and he started looking for an exit strategy. So while the district court in Washington moved at its glacial pace to determine whether Microsoft had violated the public trust, Netscape scampered at Net speed into AOL's $4.2 billion embrace. Hum a dirge, friend, and light a candle to your info gods. Netscape, we hardly knew...