Word: firm
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Dates: during 1990-1999
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WASHINGTON: Eyeball to eyeball with the Justice Department, Microsoft blinked. Just hours before Janet Reno was set to announce a new federal and state antitrust suit against the software firm, Microsoft attorneys arrived bearing what one state lawyer called "major concessions." The upshot: Redmond will not ship Windows 98 to computer makers until Monday. A source close to the negotiations told TIME Daily there "will be a cooling off period" and that "there will be no action" Thursday. "All this means," the source said, "is that the discussion continues...
...year. Forrester Research, which tracks the online industry, expects that the number of accounts will more than quadruple by 2002, to more than 18 million. There are now upwards of 8.4 million active Internet users with portfolios in excess of $100,000, according to @plan, a Connecticut market research firm. "There are huge numbers of people on the Internet with sizable portfolios who aren't yet shopping for stocks and mutual funds online," says Mark Wright, @plan's CEO. As a result, notes Eugene Ludwig, former U.S. Comptroller of the Currency, the projected growth curve for online trading "looks like...
...commission, which is three times higher than the deep discounters charge (see chart). Schwab's secret has been to knock down the wall between its online business and its 5 million regular account holders, giving everyone access to the entire range of products and services available at the firm. These include round-the-clock, dial-up brokers and technical support, and a financial supermarket that offers 1,500 different mutual funds...
...were fakes. The county attorney has warned concerned customers that others may be too. The coins, purportedly taken from a Spanish galleon fleet lost in a hurricane off the Florida Keys in 1733, are genuine gold but not necessarily authentic, even though buyers received certificates from Fisher and his firm attesting to their age and origin. For example, a coin purchased for $5,900 may be worth only $272.50 based on current gold prices...
General Magic, which was building portable electronic organizers long before the Palm Pilot made them popular, has a new trick up its sleeve. At this week's Networld+Interop show, the Sunnyvale, Calif.-based firm, whose clunky gear missed the handheld revolution, will unveil a voice-activated electronic secretary, code-named Serengeti, that lets users dial in from their cell phones and ask to hear phone messages, e-mail, addresses, appointments, stock quotes and news. The service, due this summer, responds to normal speech and will be available from wireless carriers for $20 to $30 a month...