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Technology News Archive - July 25, 2005

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The man who packaged the Internet to the masses is trying his hand at television, but for a more discriminating audience. In April, America Online co-founder Steve Case rose from the ashes of his company's ill-fated merger with Time Warner by declaring his intent to build a new empire based in the health care industry.

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When ru-Net Holding investment company bought Internet store ozon.ru back in 2000 it had monthly sales of just $35,000 and was losing money.

Word of the Day
postliminy
  • In Roman antiquity, the return of a person who had been banished, or taken prisoner by an enemy, to his old condition and former privileges.
  • In international law, that right by virtue of which persons and things taken by an enemy in war are restored to their former status when coming again under the power of the nation to which they belonged.
The word 'postliminy' comes from a Latin word meaning 'threshold'.