Word: peoplepc
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...envied for it, size matters, and today nobody owns more real estate on the Internet than Son. His holding company, Softbank, based in Tokyo, has a stake in more e-businesses in more countries than any other cyberprospector out there. Yahoo? Softbank is the largest single investor, with 23%. PeoplePC, the $24.95-a-month service that gives you a free computer and online access, is a Softbank-affiliated company. So is online grocer Webvan, whose initial public offering three weeks ago soared 66% on Day One. So too is Global Sports, which just launched shopping sites for Athlete's Foot...
...four months-- although "investing" hardly describes the act of writing checks as fast as you can. Last month Softbank opened Hotbank, an incubator for start-ups. There has been no need to advertise. Each week hundreds of applications pour into Hotbank; out come announcements of new Softbank allies: PeoplePC, Webvan, Global Sports, InsWeb, WebMD...
...might rightly ask: How much does all this free stuff cost? In the case of PCs, some firms, like InterSquid and PeoplePC, provide quality computers that come with multiyear contracts requiring the user to sign for dial-up Internet access at somewhat pricey rates--a deal many consumers might regret when high-speed Internet access becomes widely available. AltaVista, a free Internet service provider, runs a narrow, scrolling banner across your screen that requires you to click through--interact with the ad--every hour...
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