NEW YORK (TheStreet) -- Fourth generation wireless networks -- also known simply as 4G -- will be one of the biggest tech building booms of the decade. We're talking one of those rare and sweeping industry transition points that promises to stimulate big spending, new product cycles and the remake of the Internet for an era of mobile computing.
For investors, the upgrade reeks of another Internet gold rush: 4G promises to take smartphones to desktop speeds, unleash a whole new crop of wireless devices and finally deliver the full potential of the mobile Internet.
But don't start picking your winners yet. Objects in the tech distortion window can appear deceptively close at hand -- the distance from here to 4G is farther than you might have guessed.
"These are still the early days," says Ericsson (ERIC) CFO Jan Frykhammar. "I don't believe we will see significant revenue from 4G until 2012."
|Ericsson CFO Jan Frykhammar.|
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