Betting Billions On WiMax
An unusual alliance of tech and media companies is betting billions of dollars on the as-yet-unproved technology known as WiMax. Will they finally usher in the wireless Web? Or is this fated to be another one of those cumbersome tech alliances that go down in flames with technology that doesn't work?
It is tough to bet against Google, Intel, Comcast, Time Warner, Clearwire, and Sprint, which today announced they are putting together a deal that some value at around $12 billion to build a nationwide, high-speed wireless network. Intel, in addition to its dominating position in the chip market, also was the company that introduced Wi-Fi to the world by adding it to every new PC chipset and certifying wireless hotspots in cafes, hotels, and other public locations. If Intel is involved, that's a good reason to be optimistic. The company plans to add WiMax technology to laptops and other mobile Internet devices.
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