Cometa Ends Its Short, Over Hyped, Life

from the well-that-didn't-take-long-at-all... dept

The fine folks over at Wi-Fi Networking News have found out that Cometa is shutting down tomorrow. Cometa, of course, was the massively overhyped me-too play in the WiFi space that didn't make sense to a lot of people since the day it was announced. When Cometa first launched we were incredibly underwhelmed - noting that they had nothing special to distinguish themselves from every failed offering, other than their three big name backers (Intel, AT&T and IBM). However, in the early days the company focused a lot more on talking about its pedigree than talking about how they actually planned to come up with a business model that worked. In many ways, the company imitated Metricom, the failed provider of Ricochet broadband wireless. They picked a market with some hype, but could never figure out what the real business model would be. When people started questioning their announced plans to install 15,000 WiFi hotspots by 2005, the company insisted they would make it. Turns out, by 2005 Cometa won't have any hotspots. We have nothing against companies trying to get more WiFi out there, but just because you get money from Intel, AT&T and IBM, it doesn't mean the rules of business don't apply to you.


Reader Comments (rss)

(Flattened / Threaded)

  1.  
    icon
    Derek Kerton (profile), May 18th, 2004 @ 2:20pm

    Just A Question

    Just a quick quiz, but does anybody else see the connection between Cometa and HomeRF? Can hype and deep pockets make something successful? Not always. Keep your eyes on the 802.16e.

     

    reply to this | link to this | view in thread ]

  2.  
    identicon
    Anonymous Coward, May 19th, 2004 @ 2:33pm

    No Subject Given

    bye

     

    reply to this | link to this | view in thread ]


Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here
Get Techdirt’s Daily Email
Save me a cookie
  • Note: A CRLF will be replaced by a break tag (<br>), all other allowable HTML will remain intact
  • Allowed HTML Tags: <b> <i> <a> <em> <br> <strong> <blockquote> <hr> <tt>
Follow Techdirt
A word from our sponsors...
Essential Reading
Techdirt Reading List
Techdirt Insider Chat
A word from our sponsors...
Recent Stories
A word from our sponsors...

Close

Email This