Verizon diversifies with a dinosaur
This article was first published by dmcityview.com In the business world enough is truly never enough. Comcast isn’t satisfied being the biggest cable provider in the country, so it acquired NBC and is moving into the broadcasting business. PepsiCo doesn’t just produce soda, it also owns the entire line of Frito Lay potato chips, Quaker Oats, Gaterade, and Tropicana. Clorox, a company whose bleach you might use every weekend, also owns KC Masterpiece barbeque sauce, Hidden Valley salad dressing, and Fresh Scoop kitty litter. What do any of these companies and product lines have in common? Very little beyond these companies strive for diverse revenue streams, and the tech world is no different. This week’s example: Verizon purchasing AOL Inc for $4.4 billion. I know what you’re thinking, “America Online? Didn’t that company die with the dial-up modem?” Well first off, the dial-up modem is still used by 3% of US internet users so back off. Second, AOL may no longer be the jugger...