The Cheap Revolution

Rich Karlgaard, writing in Forbes, asks what’s common with Google, China, India and WiFi? He labels it the “Cheap Revolution”. This is akin to UBS Warburg’s discussion about “cold technologies” recently.

Writes Karlgaard about WiFi: “France Telecom lost $23 billion in 2002. How? Like many other European state-owned telecoms, it had foolishly forked over billions for 3G wireless spectrum a few years ago. Whoops. Now comes dirt-cheap Wi-Fi and a host of other off-the-rack wireless wonders. It’s like the scruffy PC versus the minicomputer all over again.”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.