Word: mci
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Dates: during 1990-1999
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Armstrong's bold stroke posed such a change in the competitive landscape that various players along the communications-company continuum spent a few desperate days last week searching for ways to keep MediaOne out of AT&T's hands. Internet power America Online, software supremo Microsoft, telecom giant MCI Worldcom and cable's Comcast (which made the initial $48 billion bid for MediaOne that AT&T overwhelmed) all huddled at various times because each had something to lose. AOL, for instance, could find its access to cable-modem customers blocked and its booming online-content business threatened...
...Fidelity 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...
...TELEVISION Senior PGA Champs., ESPN, 12 p.m. MCI Classic (PGA), NESN, 1:30 p.m. White Sox at Red Sox, NESN, 6. p.m. Bruins at Penguins, ESPN, 7:30 p.m. WCW Thunder, TBS, 8 p.m. Burn at Fusion (MLS), ESPN2, 8 p.m. Blues at Coyotes, ESPN2, 10 p.m. Dodgers at D'Backs, NESN...
Just last week long-distance company MCI rolled out local-phone service to compete with Bell Atlantic in New York State, and launched a service, with America Online's CompuServe unit, to offer Internet access to households. "The barriers for who provides what are blurring," says Daniel Reingold, telecom analyst at Merrill Lynch. "Every player needs a full shelf of products...
...FORTRESS PLAY AOL was already America's darling (You've got mail!); Netscape adds a big browser and merges Netcenter's daytime business users with AOL's night owls. Last week MCI chose AOL's CompuServe as the portal for its new Internet service...