Word: aol
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Dates: during 1990-1999
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...every holiday binger faces that morning-after moment when the bathroom scale measures what the feast has wrought. And AOL's new bottom line is a company swollen with millions of new customers, rivers of new revenue and essentially unlimited potential but also a tricky new business model that may prove difficult to take from the white board to the real world. The Netscape buyout has redrawn the online map, but a certain software concern based in Redmond, Wash., still looms menacingly on the horizon. The epic confrontation between Netscape and Microsoft is over, but the epic confrontation between...
...June already? Soulless corporations of all shapes, sizes and sectors were in the marrying mood this week, from that very French, mistress-included arrangement between AOL, Netscape, and Sun Microsystems, to Exxon and Mobil, to Dennis Rodman and Carmen Electra (yes, they count as corporations). Since they can?t all be made in heaven, here are three classic films in which the honeymoon was a rude awakening...
...tasty tidbit Tuesday: Microsoft, he said, had an "astonishing" 38.5 percent profit margin -- more than any other high-tech firm in the Fortune 500. How, then, can this company claim that it doesn't derive benefits from its monopoly position? After all, there's one thing the AOL deal hasn't changed: 89 percent of those Netscape browsers are going to be viewed on a Microsoft-operated machine. Windows, too, is a beast that will...
Gentlemen, we have a deal. AOL and Netscape announced Tuesday morning that their anticipated marriage would go ahead -- after a full month of secret negotiations -- and that AOL would pay $4.21 billion. That's $210 million more than expected -- which, considering Netscape's dire financial straits, is no small potatoes. Netscape shareholders get a healthy 0.45 AOL shares per Netscape share. The company's CEO, Jim Barksdale, gets a seat on AOL's board. And with Sun Microsystems helping out on the server software front, cyberspace has a coalition large enough to contain the mighty Microsoft...
...Tell that to Frederick Warren-Boulton, a leading economist and current Justice Department witness. Warren-Boulton offered what may well become the feds' counter-spin: That Microsoft's exclusive contracts and illegal monopoly leverage drove its bruised browser rivals into the arms of AOL. Meanwhile, a more cultural argument was being made on bulletin boards across the Internet -- that the mainstream will always appropriate successful companies that operate on the fringe. "The battle is over," wrote one AOL-phile. "AOL wins...