A good friend of mine gave me a “hot tip” on a stock he’s going to pour $600 into. In a few days it might be making its appearance on the open market. This company, New Wheel Technology, claims that they can get data transfer rates over standard phone lines at speeds of over 50 mbps. From what I can tell, only technologies like fiber-optic cable have been able to achieve transfer rates that high in the past. In short, at least on the surface, it all looks like a flying load of horse pucky to me. They claim they can get this rate at a distance of 8500 feet of line, though they specifically say that they don’t check the integrity of what comes through, just that something is coming through at that lightning rate. Extraordinary claims demand extraordinary proof, of course; my time spent on the boards has taught me that, but their website provides precious little insight into how they’re working this magic. I understand that they can’t give away their secrets, but I’m not credulous enough to believe it just because a website says it and has a scanned document of – gasp! – real paper that also affirms their statements.
I do recognize that even if they can’t do what they say they can, the stock still could potentially be good to make a quick buck on: if people believe in it and buy it up, well, the price goes up, so I guess it could be good for speculation. If the aforementioned friend were just in it to speculate, and acknowledged that it looked like a risky bet, then I wouldn’t really have anything to say to him; it’s his money. However, he seems to genuinely believe that this is completely possible and feasible, and that it will revolutionize internet connections. Granted, if it works as it’s supposed to, it will – and I will be eating crow.
Anyhoo, my question is this: do any Dopers out there see what this company proposes as being remotely possible, and if so, how? Or do you think, as I do, that this looks like a bunch of malarky? Has anyone even heard of this company or their ideas? I’m looking for specific facts, concrete ideas, and evidence, not just a poll, which is why I placed the question here.