Whenever I hear statements like this it makes me want to bang my head against a wall. In this case it just made me want to go buy more Verizon stock. Now I understand a bit of what he’s saying, but the problem is that he’s not thinking far enough into the future.
Laying infrastructure is a huge, huge task, and Verizon has a major head start. One look at the meteoric rise in popularity of sites like YouTube and Flickr show that internet users have an insatiable demand for media. I’d also say that the youngsters are leading the charge, and as they get older (with bigger paychecks) they’re going to be more than willing to pay for “fat pipes” into their houses. I’d throw tons of money Verizon’s way if I could get FIOS up here in Seattle.
Rich Internet Application developers should hate news like this. We can deliver better user experiences as they get faster connections. Faster connections also allow us to really let our creativity shine. It’s too bad AT&T’s CEO seems so shortsighted.
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