Original URL: http://www.theregister.co.uk/2000/03/29/wap_throws_up_latest_bunch/

WAP throws up latest bunch of gazillionaires

Believe the m-commerce hype

By Valerie Thompson

Posted in Business, 29th March 2000 08:53 GMT

A new generation of dotcom millionaires will be created when mobile Internet - WAP, in other words - and third-generation (3G) cellular network vendors go public, analysts at BRC and EPS of London predict in reports released this week. If the recent activities of venture capitalists are any indication, BRC and EPS may be right. With early stage investments of these proportions, startup technology firms never had it so good. A sampling of recent venture deals involving private European firms in the WAP and mobile data business hints at IPO valuations in store.