(sub. req.): Another bubble-bursting story by Barron’s, this time on the mobile services market: after the CTIA conference frenzy last week, “while they try to convince us otherwise, the glass half-full folks are looking at a nascent industry still groping for revenues and meaningful profit.,”, according to the story.
“The fact remains few privately held start-ups seem to be making much money which it makes it less likely they will go public anytime soon. Wireless software developers in particular are struggling as they wait for corporate information-technology decision makers to start deploying features such as mobile e-mail throughout their work force. One wireless dealmaker estimates that few privately held wireless software firms are generating more than $20 million a year in revenues with most in the single-digit millions. Considering the hundreds of millions that have been pumped into the sector, that’s not much to write home aboout.”
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