Word: broadband
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...company's fat days, Fastow earned a reputation as a money wizard who constructed the complex financial vehicles that Enron drove on the road to explosive growth. Skilling wanted an "asset-light" company that could rapidly exploit deregulating markets for energy, water, broadband capacity and anything else that could be traded. So beginning in 1993, Fastow created hundreds of "special-purpose entities" designed to transfer Enron's debt to an outside company and get it off the books--without giving up control of the assets that stood behind the debt...
...Napster's heyday, pirated TV shows were a rarity on the Net. But that changed with the advent of broadband home connections, $40 TV tuner cards that snap into your PC and cheap ways to store data. Looking for episodes of Friends? The MPAA counted more than 5,000 locations on the Internet last year where people could download episodes for free. Using custom software to track copyright violations, it also found 4,000 sites for The Simpsons and 2,000 for The Sopranos. Big Pussy is not going to like that...
...gives owners an easy, menu-driven way to search for shows to record onto its hard drive. The reason Sonicblue got sued is that the new Replay 4000, which hit the market in late November and sold out before Christmas, automatically fast-forwards shows past commercials and lets broadband users send them to friends over the Internet. (TiVos do not offer these features.) An independent site called Planet Replay even helps match up people who want to trade shows...
That's going to be hard to do. The herky-jerky video and out-of-synch audio of 1991 is gone--thanks to superior hardware and software and broadband Internet connections. The most advanced videoconferencing setups can transmit participants' images with a 3-D-hologram quality reminiscent of Captain Kirk beaming down from the Starship Enterprise. And at every level of sophistication, videoconferencing systems cost a fraction of what they did in 1991. This time, users and industry experts agree, the technology is here to stay. Even after the recession ends and terror fears abate, says Jaclyn Kostner, a consultant...
...company's fat days, Fastow earned a reputation as a money wizard who constructed the complex financial vehicles that Enron drove on the road to explosive growth. Skilling wanted an "asset-light" company that could rapidly exploit deregulating markets for energy, water, broadband capacity and anything else that could be traded. So beginning in 1993, Fastow created hundreds of "special-purpose entities" designed to transfer Enron's debt to an outside company and get it off the books--without giving up control of the assets that stood behind the debt...