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$4.6 billion plan for an open wireless Internet

post #1 of 28
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Quote:
Would that all kings were so benevolent. Google announced today it would set aside at least $4.6 billion to purchase a slice of the public airwaves in an upcoming government auction of radio spectrum. The company is imposing one condition on its money: It will only participate, it says, if the Federal Communications Commission requires that all bidders for the radio waves be forced to adhere to principles of Internet "openness."
http://machinist.salon.com/blog/2007/07/20/google_fcc/
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post #2 of 28
Go go google!
post #3 of 28
Just read the whole article- A great development in the industry. I agree with the article when they say that it's Net Neutrality for communications airwaves. The FCC/Gov't in general has a lot more to lose if Google doesn't participate in the auction than if they did, I doubt any telcom company can match Google's 4.6bil bid, and Google is using that as bait to get the 700mhz frequency to be totally open to everyone. Go google!
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post #4 of 28
google pwns life
    
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post #5 of 28
BUY STOCK NOW! Its only at ~$400 a share now If they do that then it will get really good!!
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post #6 of 28
Quote:
Originally Posted by NeRoToXeN View Post
BUY STOCK NOW! Its only at ~$400 a share now If they do that then it will get really good!!
Yes google still may be a buy, they are trading @ roughly half their earnings growth...

Though your ~400 estimate is off by about ~120. Google is actually trading @ 519 a share

http://finance.yahoo.com/q?s=goog

Quote:
Originally Posted by Burn View Post
I doubt any telcom company can match Google's 4.6bil bid,
I wouldn't be too sure about that, you should check out AT&T's earnings for this past Quarter vs Google's. If any of the big telecoms wanted this badly enough they could out bid google no problem.
http://finance.yahoo.com/q/is?s=T
http://finance.yahoo.com/q/is?s=GOOG
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post #7 of 28
Go Google! Finally, if this happens, we'll ALWAYS be connected to the internet! No more war driving...
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post #8 of 28
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post #9 of 28
google are evil
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post #10 of 28
slowly, but surely...


United States of Google
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