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05/23/2004: "WiFi overhyped, sez Register"

Cometa Networks, once the symbol of the Wi-Fi hotspot bubble, has ceased to trade, throwing into sharp relief the fact that public WLANs, for all their advantages, have been overhyped and given burdens of expectation that they could not reach. Not to mention that hotspots have largely failed to find a credible business model as they come under pressure from free services.
says El Reg here.

Yes, but who over-hyped it?
Montgomery Research
Ziff Davis
Hell, even Sifrywas seduced.

Lets face it, Intel invested in Cometa to make it a stalking horse. First for the launch of Banias, and then for WiMax. In fact, strong rumors persisted that "Project Rainbow" was an Intel-led effort. Seems to me that AT&T dropped out about the time that CoMeta started singing the WiMax song.