WIMAX is the Future

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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

Best-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning.
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Comments

  1. 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.

    Reply
  2. 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.

    john of sparta
    July 31, 2007
    Reply

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