R&D? WE DON’T NEED NO STEEENKIN’ R&D!

“The acquisition of ICQ technology dramatically increases our presence on the Web.”

Steve Case, CEO of America Online, fumbling at an explanation for why his company spent $287 million to acquire a revenueless Israeli startup with a chat technology AOL’s techies had already duplicated, TechInvestor, 8 June 1998

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