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Time Warner Inc. today announced that its Board of Directors has authorized management to proceed with plans for the complete legal and structural separation of AOL from Time Warner. Following the proposed transaction, AOL would be an independent, publicly traded company.
Knowing webmasterworld, we'll see a bunch of people claiming AOL is worth "nothing" - literally - because they don't know anyone who uses it. The stock market will probably assign a value of over $2 billion.
Right after the merger it was AOL Time Warner. After the tech bubble of the 90s went away, so did AOL.
So I think it will have the same chance of independent survival as quite a few other dinosaurs.
Which is a pity, because it really did push the edge there for a while. I liked them a lot back in the day.
Was it 9 years ago? 8 years ago? The largest take-over/alliance ever? So funny to see how these management geniuses from Harvard and Wharton can be dead wrong.
Hold on... I am seeing that all the time now.
And yet, people still ask you, "When are you going to get a real job?"
If Microsoft or Apple or IBM or GE or Kraft Foods or DowJones or United Airlines or CitiBank or Wells Fargo or (fill in the space here with even a local large firm) says so, everyone gives it so much weight. Where, as the case in AOL proved, these people have money to waste and they are the LAST people you should believe when they say, "This is the new new thing." They cannot be trusted.
[edited by: Slinger at 10:29 pm (utc) on May 28, 2009]
Hey, some of us are old enough to remember when AOL was sending out floppies in the mail. :-)
At least they had some use -- you could write to them :-)
Funny, I bought a 10 pack of 3 1/2" diskettes in an electronics store today. Asked the kid where the "diskette aisle" was and he had no clue what a diskette was. Had to go and get his older manager.
I bought a 10 pack of 3 1/2" diskettes in an electronics store today. Asked the kid where the "diskette aisle" was and he had no clue what a diskette was. Had to go and get his older manager.
That's funny. I remember buying one of the early IBM PCs, taking it in for an upgrade a year later, and having the kid in the service department look at the back of the computer and say "Oh, wow--a cassette port!" My $3,000+ investment was already looking obsolete.