Could the wireless market just be on its way to becoming another bust like we had in the 1990’s? Perhaps instead, this is the gold rush that we have all been waiting for?

The tech boom of the late ’90s became notorious for its wild optimism. Amazon.com (AMZN) stock was supposed to be valued at $400 a share. The Internet economy was going to be worth $1.7 trillion in just a few short years. And there were supposed to be 1 billion wireless phone users by 2002.

Those projections proved wrong, with one notable exception. Traders did once push Amazon shares to the magic mark, but they’re worth only about $45 apiece today — a fraction of their former value, even after splits. The value of the Internet economy is nowhere near $1.7 trillion. But the wireless market blew past the 1 billion mark right on time. Today, there are a stunning 2 billion regular paying cell-phone customers around the world, according to telecom analyst Albert Lin of American Technology Research. [Read the rest]

[tags]wireless,mobility,dot-com boom,amazon,internet economy[/tags]