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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: Darren DeNunzio who wrote (4427)7/4/1999 3:49:00 PM
From: Frank A. Coluccio  Read Replies (1) of 12823
 
Darren, re: unrealistic expectations as cited by Gates

"Several major U.S. telephone companies each proclaimed that they would wire 500,000 to 1 million households a year, with a total of more than 9 million expected to be hooked up by the end of 1996."

I find it interesting that the whole world took Ray Smith's and Malone's visions of millions of homes and the 500 channel schtick with a very large grain of salt, and yet Bill G found it worthy of noting in his book. This in some ways reminds me - and I think portends the outcome of - another venture we discussed here, recently:

Teledesic.

Regards, Frank Coluccio
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