Paul, ynot has continuously spammed this thread with his feeling that the stock must crash. He was wrong at 100, 130, 150, 175, 200 and maybe again at 220. I can only hope he has done a lot of short term trades and is not still short from 100. The fact is that he's never really understood what this is all about or he would have been long.
You are absolutely correct that Japan is in the lead in adopting technologies the US will only see 18 months from now. The Europeans are quick on their heels. WAP is the standard and PHCM is at the center.
Sure, there will be ups and downs. I wonder what can happen to the market in the next 6 months, but if there was no y2k, I would not be short PHCM. In fact, it is clearly not certain anything will go wrong with PHCM and I can see many other better shorts if that your prime way of seeing the market.
Clearly, wireless internet is just so huge that it will dwarf so many other technologies in the next 2 years. People know this. They know if they get the timing wrong, it will only be a short term error. If PHCM gets their secondary off, they will have a cash stockpile that will propell them to the top of the heap. They are playing everything exactly on time. They have missed no step. It is amazing to watch.
People who think they are the media hype of the century don't seem to be able to read. This is not gloss, this is very powerful relationships and applications being set into place to drive demand well into the next 5 years.
Well, that's my thinking at least. I hold no shares now. Really stupid mistake. I let ynot and others talk me into taking a profit. Certainly, I missed a much better deal by not holding on. So, I guess I'm a little bitter. I should have had more strength in my convictions.
Regards,
Mark
Wireless Data : More, Faster, Better - Now!
wow-com.com
November 2, 1999
Washington, DC - Two powerhouse visionaries kicked off the first General Session at WIRELESS I.T., the convention and expo focused exclusively on the convergence of wireless technology and the information technology (I.T.) industry. The session, moderated by Tom Wheeler, President and CEO of the Cellular Telecommunications Industry Association, shed a spotlight on how companies in two very different arenas - Sun Microsystems and Phone.com - are building their own wireless data businesses.
In his welcoming remarks, Wheeler hailed the beginning of the "Wireless Data Decade," and noted that since last year's first-ever WIRELESS I.T. convention, the marketplace for wireless data has exploded in the U.S. and abroad. Wheeler provided convention delegates with his "top ten" list of reasons why this explosion is happening now:
10. Evolution from Transport-Driven to Apps-Driven Marketplace
9. The Market Likes It!
8. Hardware Costs are Falling
7. Hardware Improvements
6. Apps are Better
5. Networks are Better - and Digital
4. Big Bucket Rate Plans
3. Throughput (Today) is Already Acceptable
2. Throughput (Tomorrow) Will be Better
1. Competition Among Carriers is Incredible
While Wheeler touted competition as the driving force for fostering innovation in the wireless data market, Sun's Bill Joy, the company's co-founder and Chief Scientist, suggested that the competition among different technologies and companies can be a hindrance. "By having a network that's fragmented, we lose penetration," said Joy, who suggested that seamless wireless networks operating in Japan and Europe might make them more ripe for rapid deployment of wireless data services. Joy added that in the competitive U.S. marketplace, Sun takes the approach of "agnosticism toward what the devices would be. We've been focusing on applications that run no matter what the hardware is."
Phone.com's founder, Chairman and CEO Alain Rossmann said wireless data will explode not because of a single killer application, but "hundreds of killer apps." Rossmann, touting the WAP standard, said the applications that turn out to be "killer-apps" can be surprising. "In Japan, working with NTT, we developed an app for horse betting. More than a million customers use it. It's quite surprising," he said. These customers use their wireless handsets not only to access statistics on horses, tracks and jockeys, but also for real-time, secure horse race betting.
Rossmann said the push-and-pull of three elements is expanding a wireless data "triangle." These include the speed of the network, hardware (along with screen size, memory and batteries), and applications themselves. "These elements affect each other, expanding the triangle," he said.
The WIRELESS I.T. expo hall opens today at 1 pm Pacific. Wednesday morning's General Session begins at 8:30 am Pacific at the Santa Clara Convention Center, and features Jeff Hawkins, Chairman & Chief Product Officer of Handspring.
CTIA is the international association for the wireless telecommunications industry, representing all elements of wireless communications.
Contact: Jeff Nelson
408-567-7310 or 202-736-3241
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