Word: aol
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Brace yourself. A nonprofit group loosely affiliated with Netscape is about to release a new browser called Mozilla. It's fast, it's flexible, and it has the backing of AOL (which owns Netscape, not to mention TIME) and its 35 million users. Life is about to get complicated...
...everywhere could try them out, suggest ideas, fix bugs and generally stress-test the bejeezus out of Mozilla. This is a technique called "open source"; big corporations rarely use it because it involves giving other people free access to the innards--or source code--of your software. But given AOL's chilly relationship with Microsoft, that seemed a small price to pay for an alternative to Internet Explorer...
...even if Mozilla were a terrible browser, it would be important just for being different. Right now 90% of the Web surfers in the world use Internet Explorer. Do you trust Microsoft to control how everybody on earth sees the Internet? For that matter, would you trust AOL or any other company? On the Internet, diversity is healthy. Sometimes a little complication can be a good thing...
...Prime Number $54.2 billion is the record first-quarter loss reported by AOL Time Warner, due to a balance sheet write-down following the plunge in the company's stock price...
...Investors generally ignore the bad news, either because they'd seen it coming - AOL Time Warner telegraphed its loss weeks ago - and because nearly every survivor of the tech bust has a few embarrassing purchases to own up to. Besides, AOL Time Warner's shares are down 41 percent this year alone, thanks to investors doing their own writing-down of AOL's value (with most analysts pegging it at about $1 a share on top of Time Warner's assets). So the $54 billion loss - and the total $1 trillion in goodwill-impairment writedowns that some analysts expect...