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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Gib Bogle who wrote (72450)2/10/2010 2:31:57 PM
From: Maurice Winn1 Recommendation   of 74559
 
Speak of the Devil: finance.yahoo.com

<On Wednesday February 10, 2010, 2:05 pm
By Ian Sherr

SAN FRANCISCO (Reuters) - Google Inc said on Wednesday it would build a super high-speed broadband network for up to half a million people around the United States in order to experiment with the possibilities of a network running at 100 times current speeds.

The company has long argued that it can sell more Web ads -- the way it makes money -- by encouraging Internet use. It imagines three-dimensional conferencing and classes, faster movie downloads and new businesses taking advantage of the speeds that are only theoretical for most people now.

Google said it would use fiber optic lines to the home, the same technology used by many telecommunications companies, but declined to give details about whether it would build, buy or rent such services and how much the venture would cost.

The move, which follows successful and aborted attempts to launch wireless Internet networks in some U.S. cities, could put Google in direct competition with the likes of AT&T Inc and Verizon Communications Inc, although one analyst did not see the move as a new stand-alone business for the search company.

"That's not the point. These are test beds, not vast geographical networks," said Art Brodsky, spokesman for public interest group Public Knowledge. ... continued...
>

Helen Clark goofed around with "Knowledge Wave" conferencing among Big Shots then made it illegal to send emails and gave away the wealth to bludgers and spivs. A decade later we are further down the gurgler, with no visible means of support and going further into government debt at $1 billion per month.

$1 billion per month is real money in NZ. That would be a new Auckland Harbour Bridge every month. After a year, we could stop building as we'd have enough of them. We could go on to putting motorways between major centres and even minor centres.

We could string fibre for thousands of kilometres at $1 billion per month.

Helen Clark sort of knew that cyberspace is significant, but had no idea at all what it's about and all she did was stop it.

Mqurice
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