>> the aol-time warner merger was the classic dotcom insanity. >> $160 billion. the biggest corporate takeover ever. >> this merger will launch the next internet revolution. >> the merger of time warner and aol wasn't really a merger. it was a purchase. >> i am struck by this image today of the upstart aol gobbling up this media institution time warner. shouldn't it be the other way >> well, it's sort of startling that a company that couldn't even buy beer is now buying one of the oldest media companies in the country that took a century to get this big. >> we're just scratching the surface in terms of how great these products can become. whether it's the internet, the way you communicate with people. software is in its early stage. there are some real advances that are going to make a big difference. >> microsoft in the beginning of the decade with their operating system and their productivity software was still very, very strong. >> microsoft chairman bill gates calls windows xp the most