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...continent's dismal communications infrastructure. Fewer than 2 million Latin Americans use wireless Internet technology today, but the Washington-based Strategis Group forecasts that by 2007, 48 million will. That's a key reason Atlanta-based telecom giant BellSouth this summer spent $25 million for an 11% stake in StarMedia. It hopes to use the ailing multilingual Latin American Web portal as a launching pad for services like e-mail on mobile Internet--"for those epic traffic jams we all know so well in Sao Paulo," says BellSouth's Latin American director, Roberto Peon...

Author: /time Magazine | Title: The Net Heads South (to Latin America) | 10/8/2001 | See Source »

...executives at the top of the Internet food chain to convert that low-cost enthusiasm and work-is-play lifestyle into publicly traded companies worth millions of dollars. And a number have succeeded: TheGlobe.com's chairman Michael Egan is worth about $200 million; StarMedia CEO Fernando Escuelas, 32, now has a net worth of $256 million. Josh Harris, chairman and founder of Pseudo.com stands to make millions when Pseudo goes public later this year...

Author: /time Magazine | Title: Living The Late Shift | 6/28/1999 | See Source »

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