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Monday, June 30, 2003

Telecom Bubble, Part Two?

Articles in this week's Economist and today's Boston Globe make almost exactly the same argument about a bubble for WiFi, a technology allowing wireless Internet access in public places (the largest WiFi deal to date is between T-Mobile and Starbucks). It seems companies are investing heavily in infrastructure without any solid base of potential subscribers to the service. Could they really be so dumb as to repeat the mistakes from the last few years? That is hard to believe, so maybe these articles will prove to be not entirely accurate (or at least maybe they will scare off investors now, rather than later).