Word: broadband
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...Nothing's real until it's perceived," Dorff says. And no Internet movie can be applauded until it's downloaded. At a hefty 166 megabytes, Quantum Project can be smoothly swallowed only by the relatively few PCs with super high-speed broadband connections. The majority of Websters, with 56K dial-up modems, could take all night to access the movie--if their computers didn't crash first. And this one, alas, isn't worth the wait...
Latin America's 4% household penetration of personal computers seems less relevant every day. This year, for example, TV set-top boxes that, for $100 to $200 each, can turn a television set into a computer screen are due to appear in Brazil. Wireless broadband expansion will turn Brazil's ubiquitous cell phones into tiny screens. "Latin Americans have been early and avid adopters of technology," says Antonio Bonchristiano, CEO of the e-commerce company Submarino.com "The key to growth is the cost of a Web device...
...each other and share data. Imagine the timesaving advantages in this technologically fragmented world if you're able to beam a number from your Pocket PC to your Windows cell phone, or use the synchronicity between your satellite dish and your X-box to play games over a broadband network. "Their Windows-ness could turn out to be a benefit," says Mundie. In other words, if Gates has his way, Microsofties won't just be crashing this party in a few years, they'll be the hosts...
Richard's spanking new empire is starting to rival the one Dad took decades to amass. And while CyberWorks' capitalization could deflate tomorrow with a market slump, Richard's vision is hugely ambitious. He wants to provide fast and flexible interactive television and Internet access, through so-called broadband connections, to the vast populations of China, India and the rest of Asia--and thus become the largest such provider in the world. Dad is on the same wavelength. A week before his son struck the Cable & Wireless deal, Li Sr. went public with a tiny, barely operating Internet company called...
When Britain's Cable & Wireless, which owned 54% of Hongkong Telecom, announced its intention to spin off non-core businesses like HKT, Richard realized that HKT had assets he could use. Chief among them: its broadband Internet service, which has 100,000 customers; its cellular-phone system and the potential of new, third-generation cellular technology to enable Internet access; and rights to a valuable deal signed by Murdoch's Star TV to provide television shows for HKT's broadband network. He eventually offered shareholders a package of shares and cash that could cost him $12 billion...