Makes me smileOut of the blue comes the Palo Alto council announcement that Axia and partners have fast tracked their way to become the provider of utility-style broadband network services for the next 25 years...and not a peep on this board (or any other)? I'll give the analysts and tech pundits a few days to figure out a way to punch this into their models and forecasts, but I'll be surprised if the Canadian technology investment firm lemmings give it the weight it deserves. Singapore aside, the Axia business model has been endorsed by a player of consequence in the heart of Silicon Valley, just a stone's throw from the epicentre of the tech VC world on Sand Hill Road. I bet there are more than a few people in the Valley scratching their heads and sporting a "WTF just happened here" look on their smug mugs.
Of course, none of this translates into short-term revenue, and the impact on the stock price will likely be be slight. Still, I'm all smiles just knowing that a) Axia and partners have figured out how to put forward a compelling, actionable proposition that sidesteps the RFP/open bid process , and b) someone else actually gets it. Well, a few people, apparently...the council and their advisors.