Word: profitability
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Dates: during 1990-1999
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...around the time that Marshall was registering altavista.com I was snagging the domain name mcdonalds.com for a Wired Magazine story. I suspect that Marshall paid for altavista exactly what I paid: nothing. In those good old days, name registration was free. A $3.3 million profit is a pretty good return on your investment--though some readers might point out that it's in line with the kind of performance that Wall Street expects from Internet businesses...
...event, since it was so easy and cheap to register domain names, a gold rush ensued, and people gobbled up everything from soup.com to nuts.com Domain-name speculators registered trademarked names hoping for a quick profit--precisely the point I tried to illustrate with mcdonalds.com Predictably, the lawyers arrived and created a new field: Internet law. One enterprising company, NetNames International, even specializes in "domain-name recovery" and claims to have a stable of 60 attorneys worldwide standing by to repossess ill-gotten names. Not wanting quittner.com to fall into the wrong hands, I decided to procure it myself last...
...proposed Securities and Exchange Commission regulation, it may get easier to find out in prospectuses what he's allowed to do. Even that may not be enough to satisfy critics (like the former Putnam fund counsel who complained to the SEC last week) who say lax codes let managers profit at your expense via personal trades. Vanguard and Fidelity restrict managers' trading of stocks just before or after their fund makes a trade; Janus prohibits all trading in individual stocks...
...stuff no one could have dreamed of in 1966--video, for instance, or 3-D Web pages. He is also making that copper work closely with its successor: hair-thin fiber-optic cables that offer vastly expanded speed and capacity--which translates to consumer value and, he hopes, corporate profit. Seidenberg, who oversaw NYNEX's merger with Bell Atlantic two years ago, has risen to the top not because he knows how to splice phone lines but because he knows how to splice phone companies...
...manholes where Seidenberg spent his youth are changing. Once threaded with a few Bell Atlantic cables, they are now knitted by dozens of other "local loops" from competing firms--proof that at the end of the day, there may be only one set of guys who are guaranteed to profit in this new telecom world: the cable splicers...