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Network World - The network industry has been shaped over the last 20 years by a series of remarkable technology advances and blockbuster business moves, and has been tested by more than its fair share of negative incidents.
Goodbye and hello, AT&T.
One of the most famous companies in the history of business, AT&T, succumbed to drastic changes in the market and years of bad management calls and accepted SBC's $16 billion buyout bid. The consolation prize: AT&T's name got to live on as that of the combined company. And before you know it, AT&T started to put itself back together again, bidding $67 billion on BellSouth.
Slammer lays down the hammer.
The MS-SQL Slammer worm wreaked havoc across the 'Net, blasting through an estimated half-million vulnerable servers in the span of a week and making its effects felt for months afterward. A JP Morgan Chase spokesman said at the time: "We shut down our online banking."
Ebbers, WorldCom meltdown.
Bernie Ebbers resigned as CEO of WorldCom amid his questionable financial dealings and the company's collapse. MCI soon filed for bankruptcy protection, but later emerged and was bought by Verizon.
E-commerce gets whacked.
Web attackers took down Yahoo, eBay, Amazon, CNN.com and E*Trade with massive denial-of-service attacks. Shortly afterward, a group of leading Internet companies congregated to come up with best practices for turning back such attacks.
U.S. Judge Thomas Penfield Jackson ruled that Microsoft is a monopoly, though three years later another judge approved a settlement that most agree did not dramatically change the way the company does business.
Netscape sells out.
Beaten down by Microsoft, Netscape gave up going it alone and agrees to a $4.2 billion buyout by AOL.
Congress issued the Telecommunications Act of 1996, knocking down barriers in local and long-distance services, cable television and other markets. The eventual consolidation of the RBOCs and major interexchange carriers was never envisioned.