Red Hat is a Linux distribution and a vendor. They are on the S&P 500 company list for it. Founded in 1993, this company has provided a more professional type of open source software – giving pay support and Enterprise editions for IT pros. CEO Bob Young brought the company to this point. They filed for IPO in 1999. It turned out to be one of the largest Wall Street Gains in history. They put up 900,000 shares of common stock. Red Hat spiked at $136 a share, but is currently at $57
Also, Palm released the Palm VIIx and Vx handheld computers. VIIx was $449 and the Vx was $399.
In a study by the US Atomic Energy Commission in 1970, they connected a computer across the transatlantic to see how a database could transfer overseas. One computer was in Paris at the European Space Resource Organization, the other in Palo Alto, CA. The group concluded that this was a success and anyone could get access the world over.
1981 – Music Television launched. This changed the way we consumed music. A 10 minute long hello from the staff of MTV at 12:01 on August 1st, was followed by the first music video – Video Killed the Radio Star.
July 29, 2009: Yahoo! sells search assets to Microsoft
We dealt with the big buyout bid fight between Microsoft and Yahoo back in 2008. Of course, the outcome was that Yahoo’s CEO Jerry Yang stepped down and Carol Bartz took the reigns. However, Carol did make a bold move in 2009 as she agreed to a deal with Steve Ballmer. Microsoft would get Yahoo Search engine technologies and create a search engine for Yahoo. In return, Yahoo would handle advertising for premium search advertisers. This was a ten year deal.BTW – Recent news stated that Yahoo.jp is using Google in Japan. While it did put a snag in the agreement this week, Yahoo Japan Chief Exec. Masahiro Inoue said Microsoft didn’t localize the service in Japan, therefore, they went with Google.
July 8, 2007: A major DNS patch was released after a bug Dan Kaminsky found
In 2007, developer Dan Kaminsky found a flaw in the addressing of the Domain Name System, or DNS. DNS is found on home to commercial routers around the world. The issue was so severe, that they were not divulging the issue until a patch could be implemented on a wide scale. On March 31st, Kaminsky – along with 16 other developers – gathered at Microsoft to work on a massive patch and synchronize the release so all details could be released as well. The Patch was released in July 8th,2008. For more information, see the Explaination of the DNS Flaw
In 1881, a man walked into Edward Berner’s drug store in Two Rivers, Wisconsin. Since it was the Sabbath, the customer couldn’t have the flavored soda water for religious reasons. As he sat at the soda fountain counter, Berner comes to a compromise. Berner put ice cream in a dish and poured chocolate syrup on top. They then named it Ice Cream Sunday. The name will become “Sundae”, the next day.
“Happy Independence Day. In return, we are going to give you a great new way to get email. It’s called “Hotmail“. Be free from your internet service provider!”
That was the call to action on 1996. Hotmail launched their email service as “HoTMaiL” (HTML is upper-case). It is the first web-based email that was later named MSN Hotmail, then Windows Live Hotmail.
Hotmail had many features since its start. Unlimited storage was one big feature. In 1997, Microsoft purchased Hotmail for $400 million, and changed the name to MSN Hotmail. They paired with the Microsoft Instant Messanger, then built items like the calendar, SkyDrive, and more.
After getting stiff competition from Google in 2004, Microsoft changed the service to Live Hotmail. The service continues on with many updates to compete with Google and Yahoo mail.
Napster, the file sharing service (started by John & Shawn Fanning, and Sean Parker) that was up since 1999, had a series of trials and tribulations until 2001. After lengthy legal battles with artists like Madonna and Metallica, Napster began to realize their business model is not going to work. They shut down the entire network to comply with an injunction.
This case was partially settled on September 24, 2001, where Napster was ordered to pay $26 million in damages and $10 million in future royalties.Eventually, Napster filed for Chapter 11 bankruptcy, right before Napster 3.0 was ready to be deployed. On May 17, 2002, German company Bertelsmann purchased for $85 million, however, it was blocked on September 3.
Ultimately, Roxio purchased the company and re-branded it. They owned it until 2008 when Best Buy would purchase Napster for $121 million. They owned until December 1, 2011 when Rhapsody purchased the service.
2011 – HP announced the TouchPad, their entry into the tablet market. Using the WebOS software they purchased from Palm back in 2010, the TouchPad introduced some new features, including the ability to sync with the upcoming Pre3 phone by touching the two together. However, the tablet was squashed in September by then CEO Leo Apetheker.
Since then, HP abandoned WebOS, making it open source. They have put out another tablet in early 2013 using the Android software.
2000 – Remember the days of the Instant Messenger? Yahoo IM or Microsoft Messenger, ICQ, AIM and many more. In 2000, a company called Trillian tried to capitalize on the market by making a IM client that could connect to all of these instant messengers. Only problem is that Yahoo! and Microsoft didn’t want to allow this to happen. They tried to block the software. However, new patches were installed and Trillian was able to access the messengers again.
Trillian (www.trillian.im) is still in existance to this day. You can download for your Mac, PC, Android, iPhone, Blackberry, and more!
Funny thing, in 2004, Microsoft put out a multiple – IM software called IM2.
2007 – Terry Semel was under pressure by the board because of dissatisfaction of his compensation. Terry was brought in to create a partnership with Hollywood, which really didn’t happen. He handed the reigns over to Jerry Yang, who started promising revitalized talks with Microsoft. There are a few that even speculate that was when the buyout of Yahoo began. Jerry Yang stepped down in 200