SPOTLIGHT: Wall Street's 'Spectrum Bubble'

Analysts have discovered a "spectrum bubble" on Wall Street. Some fixed wireless broadband companies with little to no revenues still garner sizable valuations. The company's assets are only LMDS spectrum up in the 24-31 GHz range. Companies holding this spectrum were also part of the last bubble, and once it became known none of their technology worked very well... pop. "Wireless broadband" is still one of Wall Street's favorite buzz words. Blog