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iPass Now Wired in to Boeing

Having watched iPass like a hawk recently, it's stock plummeting to $4.70 from a high of $26 a year ago, I think that we're seeing the first signs of a recovery as it crawks back to $6.20. The deals with Boeing and Fujitsu, may be enough to rebuild the market confidence that was lost through the correction in last quarter's accounts, which saw it collapse from $10.60 almost overnight.

If I pass management can "Get its act together", after last quarter's foolish mistakes, there's no reason why it can't show a strong recovery in a growing and potentially lucrative market where it holds pole position. Wired Magazine appears to agree, in principle at least. (I should add that I hold no iPass shares but have been offering advice on the company)



Wired Magazine Report

Business travelers will be able to surf the web securely on long-distance flights by combining services from Boeing and iPass, the companies plan to announce on Monday.

California company iPass, makes software that connects travelers to their offices from remote locations. It said corporate customers will be able to connect to the web on planes within six months using wireless links from Boeing.

The companies are betting that business travelers, who already connect their laptop computers wirelessly in hotels, cafes and airports around the world, want to stay connected on the plane.

The market for airborne internet has been slow to develop. Northern Sky Research predicts it could grow to between $200 million to $300 million by 2008 from roughly $5 million to $10 million this year.

Wired News

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