perfectly stated Musea.
Invest in the infrastructure. Portals, tech IPO's, priceline.com's, amazon's, etc are risky perimeter plays. The core need is bandwidth. All of the previously named companies require it...in abundance.
With regard to your friend's statement, "within 5 years, bandwidth will be free and content will rule the day". I am not sure that statement is entirely true. In the forseeable future long distance charges must be eliminated. How can we charge you to speak long distance if you can get on the net and do it for free! ( or as part of your $20 per month I.S.P. charge).
We will pay for bandwidth whether it be directly to the provider, through the I.S.P. that we use, or through other fees that accumulate as fees usually do.
Regardless of how it pans out....I know that bandwidth is as good as gold right now. Companies that wish to succeed in this internet era require lots of bandwidth to provide more glitz than their competition. More features, services, graphics, bells, whistles etc. etc. Qwest will soon have it...and it didn't cost us an arm and a leg to get it.
O.K. enough of the good.
I did hear something today that alarmed me. Qwest is nearing the market cap of Sprint. I haven't had time to verify this, however, it would certainly surprise me to hear that Qwest (on paper of course) is becoming a powerhouse of Sprint proportion. I believe that Qwest as of close today at $69 per share would be worth approx. 2.3 billion. What is Sprint worth???? I had certainly hoped that I started "riding this light" in its infancy. Thoughts???
Jason
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