bankruptcy Archive

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December 1, 1999: Business.com Most Expensive Domain Name

Business.com Logo

1999 - It was the most expensive internet domain name. Business.com was first bought in 1997 for $150,000 by Marc Ostrofsky. You might think that is pretty expensive, but economically, it was a great deal. On 12/01/99, Buisness.com was sold to Jake Winebaum for $7.5 million. At that point, buisness.com was officially founded.Jake was a chairman of the Walt Disney Internet group.This domain barely made it through the dot com bubble. They went through 2007 when R.H. Donnelley Corporation acquired the site for $345 million. R.H. Donnelley filed for bankruptcy in June 2009.

This Day in Tech History podcast show notes for December 1

  • AbiWord word Processor
  • Lycos gives “Make love not spam” screensaver
  • FidoNet and their motion to have IFNA take control
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November 25, 2002: Roxio Acquired Napster

Napster

Napster

2002 - While in Bankruptcy since the following September, Roxio – along with the Private Media Group – came in and took over the $2.43 million dollar company. They took all logos and names and rebranded it “Napster 2.0″. This time, Napster was a pay site – merging technologies with Roxio Pressplay.The sale completed in 2003Ultimately, the company was purchased by Best Buy in 2008.

This Day in Tech History podcast show notes for November 25

  • DVD Jon releases the crack to WMV9 codec
  • ICANN and the US Commerce Memorandum of Understanding
  • Playboy files suit against Rusty n Edie’s BBS
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November 19, 1993: Don’t Put Bomb Instructions Online

Bomb

1993 – The Ionizer – Otherwise known as Michael Elanky, recieved 28 months in prison for posting bomb-making instructions on his BBS. There have been other instances of this throughout history, but Elansky was a member of the International Information Retrieval Guild, a computer group very much concerned with freedom of speech and freedom of information. Like the group with which he was affiliated, Michael felt strongly about our First Amendment rights.Therefore, he posted on his BBS – called the Warehouse – instructions on making bombs.

Michael was arrested back in July 1993 and couldn’t post the $500,000 bail. Therefore he spent 4 months in jail. The instructions were originally written by “Deth Vegetable”.

This Day in Tech History podcast show notes for November 19

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  • Micropolis files for bankruptcy
  • Wildcat BBS sold to Snatronics Software
  • Guns N Roses announce their album will be on MySpace 1 week before release
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November 7, 2000: Pets.com Closes, Dot Com Bubble Bursts

Pets dot com sock puppet

Pets.com sock puppet was the most popular part of Pets.com

2000 - It was a time that would be known as when the Bubble burst. The event technically happened on March 10, 2000. Since that time,  dot com-ers began losing their sites and livelihood. Although Pets.com had a pretty good run and marketing strategy, they didn’t have the momentum to keep investors on board. The company worked hard at trying to sell, but even the puppet mascot of a dog holding a microphone wasn’t enough to reel in an interested buyer. The only good sales at Pets.com were the sock puppets, which was eventually sold upon bankruptcy to a company called Bar None – an auto loan firm.

This Day in Tech History podcast show notes for November 7

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  • IBM and Motorola shun Microsoft on a new computer platform
  • Atari makes IPO
  • the Craigslist bandit
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November 6, 1995: Voodoo 3D Accelerator Released

3Dfx logo

3Dfx logo

1995 - 3DFX releases the much anticipated Voodoo 3D acceleerator. QuakeGL becomes the first game using the Voodoo 3D. Hi-resolution rendering was it’s advantage. 3Dfx would continue to make the VooDoo until NVidia acquires the rights. 3Dfx would ultimately file for bankruptcy in 2002.This Day in Tech History podcast show notes for November 6

Friends of Day in Tech History

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  • Lizzybee.com becomes the 3 millionth domain name
  • The first Walkman Phone
  • Hewlett Packard files for IPO
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October 9, 1998: Hayes Microcomputer Files Chapter 11

Hayes Microcomputer Files bankruptcy

1998 - We all remember the modem, right? Dial into the internet through an ISP? Some of you may still have that technology, but if you have dealt with modems for a while, you remember Hayes. The Hayes corporation was pretty big back in the day – giving your Apple II connectivity to the world. Well, that is until 1998 when it’s course ran out. Stocks went from $12 a share, down to almost nothing. Hayes had no choice but to file for bankruptcy. Zoom Technologies (now called (Zoom Telephonics) bought the company out in 1999.

This Day in Tech History podcast show notes for October 9

Geek Smack Sponsor board!

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  • Nino 200 and 500 were discontinued
  • BBC starts programming
  • the TV show Heroes first airs
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October 2, 1997: Worldcom outbids BT – Wins MCI Communications

Worldcom

1997- MCI was under a bid to be purchased by British Telecommunications. Worldcom came in and outbid BT to snag up the company. What made this the coup de grace is it would make Worldcom the #2 telecom provider, under AT&T. The $37 Billion dollar merger would finalize on November 10th. Then, September 1998 – MCI Worldcom would officially launch. This all crumbled in 2002 when Worldcom filed for bankruptcy.

 I was an employee of Worldcom and had been since its original namesake LDDS. At the time we were awestruck.

-Bill Bartholomew

This Day in Tech History podcast show notes for October 1

Geek Smack Sponsor board!

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  • Happy Eyebrow Day in honor of Groucho Marx. He was born in 1890
  • Google sued over GMail in Germany
  • Microsoft Jellyfish
  • The Apple/IBM alliance
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September 13, 1983: Osbourne Declares Bankruptcy

Osbourne

Osbourne

1983 - The Osbourne I was a computer introduced by Adam Osbourne in 1981. It featured a Z80 microprocessor and the computer would run at least $1800. However, the computer company did not fair too well. They tried to mask their true financial statements in hopes that things would turn around. However once investors found out what was going on, they would start asking questions. Osbourne could not handle the pressure and on this day they filed for bankruptcy.

This Day in Tech History podcast show notes for September 13

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  • Reverse Engineering is a legitimate practice
  • Hacking for Girlies
  • 3COM spins off Palm
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