Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
Walmart's New Health Food Push: Is It Too Hard to Swallow?
It's been a good week for Wi-Fi startup Meraki. First of all, the company raised a cool $20 million in venture capital. Investors included Sequoia Capital, DAG Venture and Northgate Capital.
What's more, Meraki says it will offer free high-speed wireless Net access throughout San Francisco. No doubt, the announcement is getting a lot of buzz.
But what does this really mean? I had a chance to interview Craig Settles, the author of Good Fight for Municipal Wireless. According to him:
"It is vitally important that people realize Meraki is NOT making this service available for free elsewhere. People have to pay for the hardware and individuals have to step up to provide DSL or some other high-speed landline access for some of these repeaters. Meraki is doing what EarthLink -- along with Google (NASDAQ: GOOG) -- should have done, that is, use the big, high-profile city as a marquee account, but sell the service to everyone else. Don't get sucked into the 'free' hype.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
