Announcement of Financial Results: Matsushita Reports Annual Net Profit Increase
As US technology giants including Google place a multi-billion dollar bet on WiMAX, backers of the wireless data-streaming format say it will radically change mobile Internet use. A WiMAX network of the kind to be deployed across the United States by a joint venture dubbed Clearwire may render cable or phone line Internet obsolete and set the stage for free Google mobile telephones supported by advertising. "It is like mobile Internet in your pocket," said Scenna Pabesh, a spokeswoman for nonprofit WiMAX Forum, an industry group that promotes interoperability of networks and...
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