Word: aol
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Dates: during 1990-1999
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...last week, Steve. On Monday, AOL astonished the computer and media world with the news that it will swallow CompuServe, the nation's oldest online service, and its 2.6 million members. As part of the deal, AOL sealed a long-term pact with WorldCom, a telephone company based in Jackson, Miss., with scads of capacity, that will help AOL lock in access to phone lines at low rates for the next five years--and probably boost profits. In the three-way agreement, WorldCom bought CompuServe and then handed AOL the online company's 2.6 million subscribers in exchange for AOL...
...deal goes through--and it will certainly get a hard look from antitrust officials--AOL will have 12 million members, almost six times as many as its nearest competitor, the Microsoft Network. But while the news was big, AOL had no idea the coup would so clearly signal that the company had finally arrived. As congratulatory calls poured in, AOL employees shared a moment of collective corporate shock: "Well, I guess Steve was right...
DULLES, Va.: He swallowed CompuServe, now the America Online CEO, Steve Case, is forging an alliance with the Dark Side. Just a week after the surprise announcement that AOL was taking over its top rival, TIME magazine reports Case is about to unveil a deal with Microsoft. The partnership include everything from licensing the online magazine Slate, which will appear on America Online this fall, to becoming part of Microsoft's "Active Desktop," which delivers information to Windows computers using new Microsoft Internet technology...
Despite packing this brand-name punch, Case fears AOL could end up in the shadows of better-recognized competitors as the Web starts showing up on more mainstream platforms like TV sets. So he's trying to keep AOL flexible enough for the next big technology shift. "Even though we've been at it for a decade, this is like the second inning in terms of the development of this medium," Case tells TIME. The online business, he says, is about to become "the most competitive market in the world...
...quiet little revolutions kept the world distinctly topsy-turvy. True, there was no single earth-shattering plot twist, but we were left scratching our heads as a number of familiar characters started playing against type. Prince Charles turned out to be a good guy after all, and AOL's Steve Case made nice with CompuServe employees. The world's largest Communist country came out in favor of privatization, while the underdog nation of Scotland voted to give itself a Parliament ? and at the behest of an English Prime Minister, too. There was a refreshing whiff of honesty...