A Net builder who loved invention, not profit
Article Abstract:
Internet pioneer Jonathan B. Postel, who died on Oct 16, 1998, strove to keep World Wide Web standards free of charge and private ownership. Postel devised a method for organizing and tracking network addresses when he was a graduate students in the 1960's. This culminated with the creation of the Internet's Domain Name System in the early 1980's. Postel throroughly maintained the Internet's addresses by supervising the Federally funded Internet Assigned Numbers Authority. Another project consisted of volunteering to edit the Request for Comments protocols for the Network Working Group. These RFCs, which now total nearly 2,500, emerged as the Internet's protocols. Hundreds of thousands of people have improved the Internet's standards because Postel and his computer researcher colleagues rejected the idea of anyone owning the medium. Postel earned a reputation as a consensus builder who preferred to work behind the scenes at meetings of the Internet Engineering Task Force and the Internet Society.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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Stepping up to the Internet buffet: in 3 funds, a chance to graze
Article Abstract:
Munder Netnet, WWW Internet and the Internet Fund are three small mutual funds that specialize in Internet stocks. Munder Netnet fund ranks the largest with $8 million in assets and approximately 40 stocks including Cisco Systems and Microsoft. Seven Munder Capital Management portfolio managers market the no-load fund directly to investors over the Internet and take a broad industry emphasis. WWW Advisors manages the WWW Internet fund, which offers a similar structure to Munder Netnet but charges a steep annual marketing fee of 0.5% 12b-1. The Internet Fund, founded in Oct 1996, says it only enlists Internet stocks of 25 companies that depend on the Internet for most of their revenue. IPO Value Monitor's Ryan Jacob manages the Internet Fund, and Kinetics Asset Management is the investment adviser. Some professionals question the necessity of such funds.
Publication Name: The New York Times
Subject: Business, general
ISSN: 0362-4331
Year: 1998
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