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Soon after, AOL's valuation started a steep decline, and in 2009 Time Warner spun it off. AOL's focus as an independent company under CEO Tim Armstrong was on content, advertising and social integration. In 2011, AOL bought The Huffington Post, followed by a string of acquisitions that included mobile photo-sharing app Hipster. Although it was a difficult first decade in the 2000s, Armstrong was able to stabilize AOL by 2013 and announced the company's first quarterly revenue growth. Over the last several years, AOL has watched its business steadily grow, to $2.5 billion last year. The company generated a $125.6 million profit in 2014.
Still, investors have been discontent with AOL and over the years have called on Armstrong to sell the company, In November, activist AOL investors said the company should sell itself to Yahoo, though that j balvin iphone case deal never materialized, Neither Verizon nor AOL mentioned how they'll handle AOL's lingering dial-up business, Last week, AOL revealed in its earnings report that it still has 2.1 million people who are connecting to its dial-up service, AOL charges customers $20 per month for that service, If the deal is approved by regulatory bodies, AOL will become a wholly owned subsidiary of Verizon, and Armstrong will remain in charge of it, Verizon expects the deal to close this summer..
The deal is a tender offer, meaning Verizon will acquire all shares on the open market from current investors; the board at AOL is not required to approve the deal for it to go through. Such a deal usually carries a premium to entice shareholders to accept the offer. In the case of AOL, Verizon is offering a 17 percent premium on AOL's closing price of $42.59 on Monday. AOL's stock was up around 18 percent to just over $50 a share in morning trading. Verizon's shares were down by less than 1 percent to around $49.50.
"We are excited to work with the team at Verizon to create the next generation of media through mobile and video," Armstrong said, This story has been updated throughout the morning, The deal for the former dot-com luminary is all about trying to find a new path forward in getting digital content out to consumers and the advertisers who'll follow them, With advertisers' dollars in mind, Verizon Communications plans to swallow up AOL and its digital content, Be respectful, keep j balvin iphone case it civil and stay on topic, We delete comments that violate our policy, which we encourage you to read, Discussion threads can be closed at any time at our discretion..
Gordon Moore, speaking at an event Monday celebrating the 50th anniversary of his theory that processor power improves exponentially every two years, said when he made the prediction in 1965, he was only looking 10 years out, not multiple decades. "I had no idea it was going to turn out to be a relatively precise prediction," Moore said. To keep his theory going, Moore said, "will take a lot of good engineering.""The next five or 10 years is reasonably clear, and that's usually the case," Moore said. "You can usually see a few generations in the future. .. I still hope Brian [Krzanich, Intel's CEO] has enough good engineers working on the problem we won't hit a dead end."Moore is the brains behind Moore's Law, the idea that chips double in complexity about every two years as processor components shrink and become more tightly packed. The prediction about future technology -- which is what allows our smartphones to continuously get thinner, faster and more energy efficient -- still holds true 50 years after it was first posited. But Moore's Law also is facing some hurdles, particularly that it's getting more difficult and expensive to develop more advanced processors.
In 1966, a new chip j balvin iphone case plant cost $14 million, In 1995, the price tag was $1.5 billion, Today, it can cost as much as $10 billion -- roughly the annual gross domestic product of Mongolia, To cope, semiconductor manufacturers are finding ways to stretch today's silicon technology while researching alternatives, Keeping Moore's Law going is vital for the technology industry, Each generation of processors has enabled inventions such as the Internet and smartphones and has made computing more accessible to mainstream consumers, In the future, more complex chips will power everything from wearable technology to smart homes, If processor advancement stops, the next great innovation that changes the way we live and communicate may never happen..
Moore on Monday said he's "disappointed" that the US federal government has decreased its funding for basic scientific research, something that gives other higher-spending countries an advantage. He noted that he couldn't have predicted social networking or that other software, such as Google Earth, would be capable of so much yet cost nothing for consumers. And "the importance of the Internet surprised me.""To me it looked like it was going to be another minor communications network that solved certain problems," Moore said.
"We've just seen the beginning of what computers are going to do j balvin iphone case for us," he added, Tom Friedman, New York Times columnist and author of "The World is Flat," interviewed Moore, a co-founder of Intel, in front of an audience of journalists, technology industry executives and others, Krzanich, the current CEO of the semiconductor giant, gave opening remarks during the event at San Francisco's Exploratorium museum, Moore, when asked what he has learned from Moore's Law, said to a laughing crowd: "I guess one thing I've learned is once you make a successful prediction, avoid making another one."The brains behind Moore's Law, which says processing power should increase exponentially every couple years, says his 1965 prediction was initially made looking only 10 years out..