Wireless May Not Be Profitable

from the oops dept

Two executives at companies who paid a lot for their rights to 3G wireless licenses, are now admitting that they were fools. They’re saying that it’s not clear they’ll actually be able to make any money now. Personally, I’ve always said that wireless was overhyped. I’m not saying that wireless is bad but that it needs to be a part of an offering, and not an offering itself. Anyway, my favorite quote from the article: “We’ve finally realized we were idiots who were overpaying for hype.”

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