In August, Samsung gave the first public demonstration of a prototype of a wireless network that they hope will revolutionize Internet access. Other companies like Intel Corp. (INTC) and NTT DoCoMo Inc. (DCM) are heavily into spending and promotion of this evolving technology although its future is far from certain.
The technology, refered to as fourth-generation wireless, or 4G, will either take off big and be the newest and greatest of Internet technologies or it will be a dismal, multi-billion dollar flop. Skeptics believe the biggest challenge is that the new system, while considered an engineering marvel, is not something consumers will actually use, according to this NYTimes.com article.
The article states that despite the uncertainties, some of the world’s biggest electronics companies are already rushing to get a piece of the 4G pie. Analysts say companies are scrambling to develop and patent the basic technologies and standards — and thus earn royalty income as the technology takes off. They also want to stake their claims ahead of next year, analysts said, when a global body of telecommunications regulators meets in Geneva to set the first standards for 4G.
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