GigaOM

A few weeks after Barron’s did a hard hitting story on Wi-Fi, Business Week has jumped into the fray and has taken a hard look at the Wi-Fi market place. The most telling sign of Wi-Fi madness is this little gem: “according to Allied Business Intelligence in Oyster Bay, N.Y., worldwide sales of Wi-Fi equipment soared by 25%, to $1.25 billion — an anomaly in the current economy. This year, ABI expects orders for such gear to jump 33%, to $1.67 billion. Wowed by such projections, venture capitalists poured more than $2 billion into various Wi-Fi outfits in 2002″