<font color=Green>WACKY WIRELESS Michael Wack is a dinkum good bloke. Everything I have seen reported of Michael Wack during the NextWave dramas is excellent. He seems to be really clued up.
He continues his good form in his latest reported remarks.
<"It's up to the marketplace to decide what it wants us to do," said NextWave spokesman Michael Wack. Mr. Wack confirmed that the company has had talks about sharing the spectrum with other carriers but declined to comment further. "We've had discussions with lots of different people about lots of different deployment strategies," he said. >
Michael understands that it's all about the marketplace. Which is a novel concept among telecommunications executives, who seem totally clueless about markets.
It would be a good idea if NextWave was to take over Globalstar LP and introduce Wacky Wireless on a global basis.
They could integrate their terrestrial spectrum with Globalstar, using QUALCOMM's amazing radioOne and cdma2000 technology, in multimode, multiband, zippy little handsets which work everywhere on earth where the sky is in view, [when the next constellation of Globalstar satellites is launched].
The opportunity sitting staring everyone in the face is vast.
Will anyone have the wits to seize it? Will Michael Wack be the one to finally introduce Wacky Wireless?
Carpe diem and Globalstar too.
Mqurice
PS: October 2004 news report:
<"Wacky Wireless", introduced by resurgent NextWave Telecom's Michael Wack, has taken the world-wide wireless web by storm. With super-low phone and cyberspace prices on offer, subscribers around the world have logged on to cyberspace to order the latest and greatest cyberphone gadgets, powered by QUALCOMM's hot new space and earth CDMA technology. Despite sticker-shock at the bids placed for the next Wacky Cyberphone off the production line, the queue of orders is building.
High-usage mobile phone and cyberspace users are so thrilled by the total coverage they get, and the low minute and megabyte prices, that they are bidding as much as $5,000 to get to the front of the production line. "Sure, the phone's expensive, but I spend 2 hours a day on the phone and it's paid for itself already" said one grinning user. "There's no other way to keep in touch out here!"
QUALCOMM, L M Ericsson and Telit, the cyberphone suppliers, tell us they are boosting production as fast as possible to meet the enormous demand.
Michael Wack said "We were always confident that customers would know what they were prepared to pay for the cyberphones, the minutes and megabytes, so we trusted the marketplace to decide the pricing. It's a tricky concept we have developed at NextWave, which we call Supply and Demand. While we have a huge over-supply of minutes and megabytes available on our network, we accept whatever the marketplace offers for them. Similarly, while we are limited in how many cyberphones and other devices our suppliers can produce, we think it best to let people bid for the equipment. Customers are obviously very, very keen to enjoy the low minute prices.
Michael went on to explain that NextWave is actually making very good profits, because while they get nothing for the minutes and megabytes, they are making up for it on the equipment sales.
"Everybody wins", said Michael. "Our equipment suppliers are making a large profit, so they are working their production lines 7.24. Our customers are enjoying extremely cheap phone and cyberspace services - they can hardly believe that even though there are no comparable competing services, they are getting such a bargain. We are making excellent profits from our device sales."
He went on to explain that when the system loading increases, they'll start raising minute and megabyte prices to avoid overloading and customer dissatisfaction. Bids for devices will reduce, production will be cut back to 7.16 and the people on the production lines will have time to visit the bathroom instead of using buckets at their workstation.
Wacky Wireless profits will then come from minutes and megabytes rather than the devices.
Michael said, "It's an easy concept once you think about it".> |
