1998– In 3 years since it’s inception, eBay grew to be a powerful auction site. Therefore, eBay decided to go public. They offered 9 million shares on NASDAQ starting at $18 a share. When all is said and done, they closed the day at $47.375.
2000 – IBM unveiled the ASCI White – their fastest computer yet. This supercomputer was based on IBM’s commercial RS/6000 SP computer. 512 computers were connected to make this supercomputer. over 8 million processors, 5 Terabytes of memory and 160 TB of disk storage.
The computer was completed on this day in New York, and would go on-line on August 15, 2001 at the Lawrence Livermore National Laboratory in California.
2014 – Rumors flew high on this one, so when it happened, many people were not surprised. Apple announced they were going to acquire Beats Music and Electronics in a $3 billion deal. As part of the acquisition, co-founders Dr. Dre and Jimmy Iovine would join Apple.
Beats subscription service would continue to work as part of the service would be integrated with iTunes. Currently, Beats has a 20 million song library, and is available for iOS, Android, and Windows Phone for a $9.99 subscription.
1995 – Compuserve blocks access to over 200 sites that have explicit content. They do it to avoid issue with the German Government. The sites would be blocked until Feb 13, 1996 when all but 5 sites were restored.
1998 – during the last couple years of the 20th century, the race was on to fix an oversight in multiple computer systems. The problem was dubbed “Y2K” or the Millennium bug. Bottom line was that all computers worked on a 2 digit year system instead of 4. Because of this, once the clock rolled, computers would think it’s 1900 instead of 2000 and bigger issues would happen.For instance, if you were born in 1968, then you would be -68 years old in a computer calculating your birth date. If you had a bill due of $1,000 since 1998, then you might find yourself with a reverse interest, in turn causing financial institutions to go into turmoil.
In 1998, President Bill Clinton made a statement that the Social Security payment system was officially Y2K compliant.
By the way: Most people resolved the problem by not programming in a 4 digit year, but by shifting the thinking of the 2 digit year. Therefore, in 2012 (which some shifted to), they will have these issues all over again.
1998 – In the 90’s, AOL and Compuserve were battling out for top dog in the ISP market. However, AOL showed a lot more game back then as Compuserve ultimately faltered when it’s main investor – H&R Block – decided to divest. The big quandary: Who was to buy Compuserve. Well, the end result was a buyout of Compuserve to AOL after Worldcom picked it up and then took what they wanted.
1964 – The first G.I.Joe was released to the toy market. Toy company Hasbro released the 12 inch soldier to the public. Avoiding the word “Doll” to keep the stigma away that boys played with dolls. Action Soldier (Army), Action Sailor (Navy), Action Pilot (Air Force), Action Marine (Marines) and later on, the Action Nurse.
1995 – Compuserve blocks access to over 200 sites that have explicit content. They do it to avoid issue with the German Government. The sites would be blocked until Feb 13, 1996 when all but 5 sites were restored.
1998 – during the last couple years of the 20th century, the race was on to fix an oversight in multiple computer systems. The problem was dubbed “Y2K” or the Millennium bug. Bottom line was that all computers worked on a 2 digit year system instead of 4. Because of this, once the clock rolled, computers would think it’s 1900 instead of 2000 and bigger issues would happen.For instance, if you were born in 1968, then you would be -68 years old in a computer calculating your birth date. If you had a bill due of $1,000 since 1998, then you might find yourself with a reverse interest, in turn causing financial institutions to go into turmoil.
In 1998, President Bill Clinton made a statement that the Social Security payment system was officially Y2K compliant.
By the way: Most people resolved the problem by not programming in a 4 digit year, but by shifting the thinking of the 2 digit year. Therefore, in 2012 (which some shifted to), they will have these issues all over again.