Word: aol
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...Online, despite all the odious get-rich-quick or get-horny-quick e-mail that it can't seem to keep out of my own mailbox, has been particularly effective in helping parents give their children an online experience under the firm guidance of its editors: a "kids-only" AOL account blocks young users from all but full-time-monitored chat rooms and prescreened kid-friendly sites...
Many other filtering systems work differently from AOL's, dumbly applying a list of forbidden words against the content of any site the user tries to see or simply blocking access to a list of sites ruled obscene or otherwise objectionable. In both instances, the filter will almost always work like a blunt instrument. If you tried to get to the home page of the Almaden Valley (California) Youth Soccer League and you had a filter, you would be blocked because the filter, tuned to look out for pedophiles, might have the phrase "Boys Under 12" on the proscribed list...
...most advanced filters available make it unnecessary to do so. CyberPatrol, a piece of retail software from the same company that manages AOL's Web filters, is a customizable system that allows parents to choose which types of sites to block based on the parents' criteria. I may not want to block my children from information about gay and lesbian politics, but let's say you do: CyberPatrol accommodates. So does Net Nanny...
...Magellan manager Robert Stansky seems a bit wary. Over the past few months, Stansky has lightened his tech load, from 25% to 20%, replacing Intel and Lucent at the top of his portfolio with Citigroup and Time Warner [parent of TIME's publisher]. He still has Microsoft, MCI WorldCom, AOL and Cisco (along with GE, Home Depot, Wal-Mart and Merck) at the core, a strategy that's working; so far, he's still beating the S&P, with a 12% return this year...
After the NASDAQ dropped 5.6% on Monday, wounded highflyers regained their strength for the umpteenth time. "Tech and Internet enthusiasts are hard to keep down," observes Byron Wien, analyst at Morgan Stanley Dean Witter. So AOL, which went from $167 to $116 in a blink, was quickly back at $146. Amazon.com poster child for Internet speculation, shot from $184 to $159 to--gads!--$210. With lightning speed the reversal was reversed, and what had been shaping up as a seismic shift in the market turned out to be just a sneeze...