ICQ ("I seek you"),

ICQ ("I seek you"), the software developed by an Israeli company called Mirabilis lets users know when their friends are logged on and initiate real-time chat sessions. If your friend doesn't have the program, you can click on a button and send him or her a link to download the software.Mirabilis was sold in June 1998 to America Online, with zero revenues, for $287 million in cash. Worldwide instant messaging users will reach 180 million by 2004, according to research by Gartner Group.Not only will almost 200 million people be using instant messaging in 2004, but Gartner also predicts that 60 percent of all real-time online communication -- either voice or text -- will be driven through instant messaging technology.The first version of the program was released in November 1996 and ICQ became the first Internet-wide instant messaging service, later patenting the technology.AOL acquired Mirabilis on June 8, 1998, for US$407 million. In 2001, ICQ had over 100 million accounts registered. In April 2010, AOL sold ICQ to Digital Sky Technologies for $187.5 million.

Viral Marketing

Any advertising that propagates itself the way viruses do. e.g. When Hotmail users send e-mails, they infect the recipients with the tagline at the bottom of their messages.Also called V-Marketing, organic marketing, word-of-mouth marketing or word-of-mouse marketing.It can be delivered by word of mouth or enhanced by the network effects of the Internet. Viral marketing may take the form of video clips, interactive Flash games, advergames, ebooks, brandable software, images, or text messages.

What Is Fraud?

Black’s Law DictionaryIntentional perversion of truth,False representation of a matter of fact,Whether by words or conduct False, misleading, concealment of that which should have been disclosed For the purpose of inducing another,In reliance upon perversion of truth ,To part with some valuable thing belonging to him or to surrender a legal right.Black’s Law Dictionary: “An intentional perversion of truth for the purpose of inducing another in reliance upon it to part with some valuable thing belonging to him or to surrender a legal right; a false representation of a matter of fact, whether by words or by conduct, by false or misleading allegations, or by concealment of that which should have been disclosed, which deceives and is intended to deceive another so that he shall act upon it to his legal injury.” “Bad” Fraud---Acquirer Overpays,Earnings management,False revenue recognition schemes,Costs and expenses schemes Understatement of liabilities,Illegal conduct,Liability for past conduct,Impact upon future earnings Good” Fraud----Acquirer Underpays ,Misconduct that if discovered, reduces costs and increases earnings