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Telecom & Wireless

Good News For AT&T (T), Sprint (S), And Verizon (VZ): Mobile Broadband Up

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By Douglas A. McIntyre Published
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Use of mobile broadband, PCs connected to the internet over cellular networks spiked up 154% from the Q4 06 to Q4 07. The total number of unique computers hooked up at the end of last year was 2.168 million. The number does not include WiFi consumers.

The news is good for Verizon Wireless, AT&T (T), and Sprint (S). Now that cell phone penetration is high in the US and unlikely to grow at the rate it has over the last decade, new users who need a line to connect PCs is a potentially huge market. It is not hard to see the total moving to 10 million customers or more over the next two or three years.

According to comScore, the people using mobile broadband tend to be well-off with heaviest use among people with household incomes of over $100,000 a year.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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