Media World: The restaurant at the end of your handset

Fundamental to the public policy debate about the digital revolution now hitting the world's television sets, telephones and every other communications medium has been the desire to clear aside old spectrum-gobbling analogue systems, making room for all new digital services.

The Restaurant at the End of Your Handset

Peter Fiddick

So how many shares in lastminute.com did you get stuck with? In the yo-yo world that has been the dot.com market over the past couple of months, the fortunes of the UKs net-based restaurantnticket-finding service serve as a paradigm.

First, the hype, with the media queuing to puff the new company and the more photogenic of its college student founders. Then, the share offer, priced at 380p, boosted instantly by the market to nearer a fiver a throw cue more pictures of Martha, now worth an improbable number of...

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