Word: coded
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Dates: during 1990-1999
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With the HomeLink system, you use a modem to connect to BankBoston's encrypted dial-up system via the phone lines they provide with their software. (You can't access HomeLink over the Internet yet.) Enter your personal identification number (PIN) code, and you're ready...
...that point, what had seemed like foolhardy grandstanding suddenly looked like a clever legal maneuver. The program called Explorer, Microsoft lawyers explained, no longer exists as an independent entity. Microsoft engineers have woven ever larger chunks of Explorer code into the fabric of the Windows operating system in the form of those .DLL files--miniprograms that link PC applications to the Net. The more intertwined Explorer and Windows become, the more fluidly Windows will adapt to the Web--which is why rivals are so eager to stop Microsoft from tying the two together...
...they may not get what they want. Jackson's vaguely phrased order merely told Microsoft to let PC makers remove Explorer's visible manifestation--that big blue e--from their desktops, not to erase all traces of Internet-related code from Windows, which by now may be impossible. Microsoft knew this and could have just asked Jackson to clarify his order...
...rival, Netscape CEO Jim Barksdale, held his own Thursday press conference, seizing this window of Microsoft vulnerability to announce that not only will he start distributing Netscape's Navigator browser for free, just like Microsoft, but that he will also give away his crown jewels--the browser's source code--inviting every programmer on the Web to join forces to battle Microsoft...
...rate of up to 39.6%, while long-term stock gains are taxed as capital gains, a much lower rate of 20%. So it makes sense for companies to use their cash to buy back stock. Yes, a bear market could devour this strategy. But as long as the tax code clearly favors capital gains, dividends will dwindle--and nothing would make that plainer than a healthy blue chip wiping out its dividend altogether...