WIMAX is the Future

Last night, at a cocktail reception, we met a man who has started up a WIMAX business, with a license for half of France:

“WIMAX is just the next generation in broadband communications,” he explained. “We use old radio towers and transmit a signal. It can be used to connect to the Internet, of course, but also a lot of other things. You can use it to make phone calls. Or to connect your GPS system. Or to turn to monitor your home heating system. We believe it will replace all these fixed wire systems as well as the public WIFI systems. The trouble with WIFI is that you can’t control who uses it or what they do with it. And it is only in one direction. WIMAX is different. Each customer has an account; you can control the users. You can control how they use it. And it almost infinitely versatile. This is going to be where the money is made in communications technology in the years ahead.”

Bill Bonner

Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.

Bill Bonner

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2 Comments on "WIMAX is the Future"

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Athought it is true that WiMax is the next generation in wireless communications, the description here is far too simplistic. Also, Wi-Fi is obviously duplex and not “only in one direction” as written.
The user access control resides at the DSLAM’s and other hardware used by the operators, which could also be implemented for Wi-Fi. In reality is is not WiMax instead of Wi-Fi but rather a combination of both technologies that is most likely to unfold.

john of sparta

WiMax is the flying car.
the anti-gravity platform.
the outer space tourist.
ok…that one has already
happened with a $20M price.
WiMax might happen with an
outrageous start-up. i prefer
to wait until it’s $19.95 and
sold on infomercials.

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