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The explosive growth of wireless systems coupled with the proliferation of laptop and palmtop computers and the mobile phone, indicate a bright future for wireless networks, both as stand-alone systems and as part of the larger networking infrastructure.
"You're not paying that much above cash"–the market cap is $2.7 billion–"for what could be one of the larger networking companies down the road".
A Bold Prediction The withering of an ecosystem of online outfits (perhaps hundreds) now growing on the back of Facebook, MySpace and other larger networking sites.
As well as larger networking sessions such as this one, the UpStarts intend to return to the universities they've targeted with workshops for smaller groups of students on, for example, the legal issues involved in starting your own company.
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When many of the world's largest networking and telecommunication companies are betting on the data networks of the future, the duo's latest startup, Tewksbury, Mass.-based telecommunication hardware maker Convergent Networks, is focused on voice networks.
Similarly, Cisco Systems, a networking specialist, has started selling computer servers and virtualization software, while H.P. has built up a large networking business to compete with Cisco.
"Being an optimist, I'm seeing some significant and promising things happening in the United States," said Robert Pepper, senior managing director, Global Advanced Technology Policy at Cisco Systems, the world's largest networking equipment company.
In 2011, with just a few hundred thousand people logging on, they came to the attention of Rubylight, a Latvian technology venture fund, which had already facilitated the growth of Russia's second largest networking site Odnoklassniki.ru.ru
Last year, Cisco Systems branched out from its roots as the world's largest networking company and began selling computer servers -- a move that pitted it against H.P., Dell and I.B.M. Cisco also formed a sales partnership with EMC and its software subsidiary VMware that further fanned competition.
Competitors include large networking vendors like Cisco and HP Enterprise.
The company is also working with an Israeli technology company, the Elron Software N.C.C. Ltd., a maker of large networking systems.
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