Word: aol
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Dates: during 2000-2009
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Teenager Aimee Deep was worried. At 13, she'd joined the hordes of her peers chatting with her pals on AOL's Instant Messenger. But she was also smart enough to know how insecure the network was; wily hackers could easily eavesdrop. Couldn't her dad, a technology consultant, do something? What Johnny Deep did back in 1998 was build her a piece of code that made Messenger secure. Last year, he added an extra layer on which CD tracks could be traded in complete privacy and then propagated the whole program on the Web. The next phase...
...AOL Time Warner is cutting costs partly...
...plus for Universal is to get that distribution channel. MusicNet has AOL behind it, and although Yahoo is involved with Duet, this gives Universal an experienced, in-house distributor that already has a brand presence out there. And as a bonus, Vivendi Universal basically owns about 150,000 titles that Mp3.com already owned...
Some business deals fit the times so perfectly they help to define their eras. The world woke up to Japan's intention to conquer the global economy when a Japanese company purchased Rockefeller Center in 1989. Internet upstart AOL signaled the rise of digital by buying last century's media giant, Time Warner, owner of this magazine. China and Taiwan now have their epochal deal, signed by scions of wealth and privilege from either side of the Taiwan Strait. Winston Wong, the estranged son of Taiwan's most colorful executive, has gone into business with Jiang Mianheng, the low-profile...
Chat with Michael Lemonick Wednesday, 4 p.m. E.T. on AOL. Keyword: Time