One of the cool things about the first dot com bubble was the "ebay millionaire". These were people who built businesses around selling goods at auction on ebay.  There has been much written and said about the methods of these people and certainly it was a big attraction to people selling on ebay.  I had an interesting plane ride home today where I met someone and discovered todays equivalent. I call it the StubHub millionaire. It  is a testament to American ingenuity and shows that given the tools, people will find a way to exploit and make money.

Up until fairly recently you bought tickets to sporting events and other entertainment from a box office or ticket agent such as ticketron.  The "after market" in ticket sales or scalping as it was called in NY was often times illegal.  There were though some legal ticket brokers that you could buy tickets from. Now with the advent of StubHub and similar type of ticket reselling outlets on the web though, the infrastructure is in place for anyone to sell tickets on line.  You would think that most of these people selling tickets were people who had either extra tickets to an event or perhaps a season ticket holder looking to unload some tickets to help defray the costs. Not the case!

There is a now a whole class of businessman who buys season tickets to multiple teams, sports and cities and than uses outlets like StubHub and others to sell these tickets.  The guy I spoke to today had season tickets to 6 different NFL teams, 3 major league baseball teams and multiple basketball and hockey teams.  Many of his tickets are sold months and weeks before the event. If any are left within 14 days of the event he puts them on ebay.  His average mark up is about 40 to 50% of face value, but by buying season tickets he pays below face, so his actual margin is closer to 60 to 70%. He keeps a few tickets for him and his family to go to a few games a year. 

This started as a hobby for him with Yankee season tickets, but he has done an analysis and compared to what he would make investing that money in the market, he has come out way, way ahead.  He thinks that on a 12,500 investment, he makes about 40k!  That is not bad.  This year when all is said and done he will make six figure income from the resale of tickets he bought.  Think about it, no office or anything.  Just list your tickets and let people buy them.  Take some of the money and buy more tickets.

So what the heck am I doing trying to show people why it is important that they put good security in place on their computers?  There has got to be a better way.

One of the cool things about the first dot com bubble was the "ebay millionaire". These were people who built businesses around selling goods at auction on ebay.  There has been much written and said about the methods of these people and certainly it was a big attraction to people selling on ebay.  I had an interesting plane ride home today where I met someone and discovered todays equivalent. I call it the StubHub millionaire. It  is a testament to American ingenuity and shows that given the tools, people will find a way to exploit and make money.

Up until fairly recently you bought tickets to sporting events and other entertainment from a box office or ticket agent such as ticketron.  The "after market" in ticket sales or scalping as it was called in NY was often times illegal.  There were though some legal ticket brokers that you could buy tickets from. Now with the advent of StubHub and similar type of ticket reselling outlets on the web though, the infrastructure is in place for anyone to sell tickets on line.  You would think that most of these people selling tickets were people who had either extra tickets to an event or perhaps a season ticket holder looking to unload some tickets to help defray the costs. Not the case!

There is a now a whole class of businessman who buys season tickets to multiple teams, sports and cities and than uses outlets like StubHub and others to sell these tickets.  The guy I spoke to today had season tickets to 6 different NFL teams, 3 major league baseball teams and multiple basketball and hockey teams.  Many of his tickets are sold months and weeks before the event. If any are left within 14 days of the event he puts them on ebay.  His average mark up is about 40 to 50% of face value, but by buying season tickets he pays below face, so his actual margin is closer to 60 to 70%. He keeps a few tickets for him and his family to go to a few games a year. 

This started as a hobby for him with Yankee season tickets, but he has done an analysis and compared to what he would make investing that money in the market, he has come out way, way ahead.  He thinks that on a 12,500 investment, he makes about 40k!  That is not bad.  This year when all is said and done he will make six figure income from the resale of tickets he bought.  Think about it, no office or anything.  Just list your tickets and let people buy them.  Take some of the money and buy more tickets.

So what the heck am I doing trying to show people why it is important that they put good security in place on their computers?  There has got to be a better way.

Ostensibly this purchase allows JetBlue a faster and simpler path into operations. Whether it's worth it to JetBlue is hard to tell, except that they will likely be marketing this service to other airlines as a differentiator. It will be lower bandwidth than AirCell, but could be likewise cheaper and used for shorter-haul flights.

Verizon notes some of the technical details of their service's business status on a FAQ for their corporate customers, which has an oddly large amount of business detail. Verizon was obligated within two years of the end of the auction for the spectrum they occupied with their very inefficient narrowband analog service to cease operations on those frequencies. That date is about now (the certification of the auction results was close to two years ago), and Verizon clearly worked out the details to allow current customers to maintain continuity through the spectrum vacation and into JetBlue's hands on January 1.

As I noted a few days ago, a few sources had already tipped me that JetBlue's test aircraft with Wi-Fi onboard and email was using the ancient Airfone network, which is capable of slow dial-up modem speeds, rather than using the 1 MHz which could conceivably carry over 500 Kbps of data in each direction per plane.

• When stored on mobile devices and media, protections and encryption measures provided through mechanisms approved by Management must be employed.
• Must be encrypted with strong encryption when transferred electronically to any entity outside of XYZ.
• Must be destroyed when no longer needed subject to the XYZ Data Retention Policy.   Destruction may be accomplished by:
• “Hard Copy” materials must be destroyed by shredding or another approved process that destroys the data beyond either recognition or reconstruction as per the XYZ Data Destruction and Re-Use Standard.
• Electronic storage media that will be re-used must be overwritten according to the XYZ Data Destruction and Re-Use Standard.
• Electronic storage media that will not be re-used must be physically destroyed according to the XYZ Data Destruction and Re-Use Standard.
• Deleting files or formatting the media is NOT an acceptable method of destroying Confidential Data
  

Nextel had splintered holdings in the 800 MHz band that were difficult to administer, and caused verifiable interference with (and vice versa) splintered public safety spectrum in that band. Sprint agreed to pay the estimated multi-billion-dollar cost of getting new equipment to public safety agencies in exchange for a hunk of spectrum that they wouldn't have to buy at auction from the FCC. The cost for a whole set of swaps, migrations, and givebacks was $4.8b, but there was technically no limit on how much Sprint would have to pay for public safety migration--as much as it cost is the true limit.

Last August, the Wall Street Journal did a lengthy update of the 2005 deal, explaining that the effort was vastly behind schedule, and was vastly underbudgeted, too. One county in Pennsylvania estimated that its costs could run $18.5m to $150m, with the low number far above Sprint's own estimates.

It would be seemingly unfair to allow Sprint's delays in moving fire, police, and first responders off the band to also delay Sprint's requirement in vacating the band. We'll see how the FCC chooses to respond. It could cost Sprint billions and further accelerate the loss of Nextel customers, because Sprint would lose a number of active iDEN sites.

They have no one to blame but themselves. Sprint's management has blundered through this merger for years. They kept separate Kansas and Virginia headquarters, failed to produce high-quality dual-network devices, gave few incentives for Nextel customers to move to Sprint's dominant CDMA network, bled employees, and botched this migration.

Now Sprint did have the problem of needing to help move incumbents in the 1.9 GHz spectrum it received and the 800 MHz spectrum it was giving up. The articles on this court decision don't note whether Sprint's 1.9 GHz network is free and clear, nor whether Sprint had been working for the last three years to get its Nextel users to get dual-band handsets that would work with the new frequency.

With the WiMax plan also on the table, Sprint was basically committed to building or rebuilding and supporting four network architectures: CDMA (for 2G), EVDO (for 3G), WiMax (for 4G), and iDEN (for 2G).

Sprint is in the position where it may variously be sold (to Deutsche Telekom to merge with its T-Mobile USA division, which would add both GSM and UMTS/HSPA to the mix!), sell off its Nextel division (to a public safety venture headed by Cyren Call), and/or spin off its WiMax division or form a broad venture with Clearwire to build and market it.

Google posted on their own blog and told the New York Times that they were happy enough losing, even though they bid to win...sort of. They raised their own bids a few times to keep interest from other players, but were relieved when another bidder topped them. That turned out to be Verizon Wireless. Google managed to get a few types of openness encoded into the band, and they think (rightly so) that it made a difference. An economist notes in the Times article that Google now only has to spend "$1 million a year on a law firm to ensure Verizon lives up to the openness requirements."

AT&T didn't bid on the C Block that Google was discussing, a set of licenses that provide national coverage in a few easy pieces. Rather, they focused on acquiring 700 MHz spectrum before the auction from Aloha Partners (from the previous 700 MHz auction), and spending billions on smaller licenses all over the country that they can pin together. Those licenses are unencumbered by open device, application, and service provisions, so AT&T thinks they got the better deal. A good summary is at Phone Mag.

Verizon for its part said it was pleased with its national-scope licenses. Despite AT&T acquiring lots of spectrum, it's going to be far easier for Verizon to use these nationally defined bands, with consistent performance across all their networks.