Word: broadband
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...heavenly jukebox." Imagine being able to access the entire library of recorded music--from The Barber of Seville to I'm a Barbie Girl--anywhere, any time and on any device with a speaker and an Internet connection. In the next three years, DSL and cable modems will bring broadband connections as fast as the campus network to the home, democratizing the access to MP3's we've enjoyed on campus for years now. Third-generation cell phones and personal digital assistants will appear with data connections fast enough to allow them to double as digital Walkmans--Walkmans that...
...about the fact that every year, according to The New York Times, Americans spend $4 billion buying or renting pornographic videos. Or the fact that the 8.7 million subscribers to DirecTV buy nearly $200 million in pay-per-view adult entertainment, while one in five of AT&T 's broadband cable customers plop down 10 bucks a film to watch "real, live all-American sex--not simulated by actors." Or the fact that almost half of all hotel rooms across the country come equipped with little black boxes that enable business travelers to relax with a helping of hard-core...
...packed with processing power. PS2's 128-bit processor (Sony calls it an Emotion Engine) is a big step up from the original PlayStation's 32 bits. That means the new units can play CDs and DVDs, and can accommodate add-ons for broadband Internet, digital cameras and digital music players. No modem is included with PS2, which puts it behind Sega's Internet-ready Dreamcast. But PS2 does have one feature parents will appreciate: it is backward compatible, meaning it can play the original PlayStation's 800 existing games...
Although CyberWorks has several projects on the go, it is pinning its hopes primarily on NOW. Launched initially in London in June, now has so far garnered a lukewarm response. NOW is trying to keep a step ahead of fast-moving times by using broadband, but the rest of Asia is barely connected. "It's like inventing the cart before you have the horse," says Hendale Asia's Lee. "CyberWorks may be too far ahead of its time...
...been seeking strategic partnerships across Asia to gain local distribution. But as his luster fades, fewer potential partners seem interested in linking up with him. "Broadband will see big growth in three to four years' time, but in the short term, CyberWorks will remain an old phone company," says Lee. After a share-price drop earlier this month, analysts calculate that CyberWorks' net worth, at $24.5 billion, is about equal in value to just the HKT portion--effectively putting a zero valuation on the company's Internet business. Li's dream of walking on air has dropped below the clouds...