Word: dial-up
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Dates: during 1988-1988
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...Local dial-up services -- carrying such prefixes as 976, 540 and 410 -- started sprouting after the breakup of the Bell system in 1984. The so- called Baby Bells, legally prohibited from offering their own information services, began forging alliances with hundreds of small firms. In exchange for the use of the telephone lines and their billing departments, Baby Bells charge a fee and also pocket a percentage of the monthly tolls...
While porn lines may wither, the dial-up industry is likely to thrive by attracting plenty of legitimate entrepreneurs. It has become a haven for people who have ample imagination but a shortage of capital. W. Brooks McCarty, 38, a former Los Angeles ad executive, invested $35,000 two years ago to start a dial-up service that listed job openings. McCarty's company, National Telephone Information Network, now offers 30 different services, which dispense tips on travel, business and other subjects. This year's expected revenue: $10 million...
...industry: "It's the beginning of a multibillion-dollar wave of information-providing services, all funneled through your personal phone." Those who want to follow his example can get a primer by dialing a New York City phone number, 540-4540. The message: how to start your own dial-up service...