Word: aol
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Dates: during 2000-2009
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...Siegel without dishing dirt or at least providing the juicy insider stuff Redstone surely has. He seems intent on not making enemies, professing friendship with onetime adversaries Barry Diller, a loser in the fight for Paramount, and Jerry Levin, whom he sued for cable access. (Levin is CEO of AOL Time Warner, which publishes TIME...
TIME.com ON AOL See our website at time.com/global for more about the international appeal of U.S. law and U.S. law schools
TIME.com ON AOL See our website at time.com/global for more about luxury-car makers and the new technologies they are developing
...solid shake-out has occurred in some quarters. With many Internet-service providers kaput, AOL Time Warner (parent company of TIME) is confident enough to have raised prices last week. Lucent is about to be sold, which will relieve some stress in telecom equipment. But consolidation has not gone nearly far enough, and with the stocks well up from their lows, the pace will surely slow. Tech earnings will suffer longer; the stocks will lag. I believe, as I said in mid-April, that we've hit bottom. But gradual recovery is what we need, not another rocket ride...
Still, Lycos struggled, reaching only 14% of Internet households, vs. Yahoo's 55%. Then in early 1997, the light bulb clicked on: acquire, acquire, acquire. In three years, Davis took advantage of a powerful new currency, equity, to purchase more than a dozen Internet sites. Taking a page from AOL's book, Lycos became a one-stop Internet "community," with brands that ranged from Web-page builder Tripod to Quote.com a financial chat service, and dating service Matchmaker...