Light Fantastic, or Optical Illusion?

Broadband provider Terabeam's laser technology is earning raves. Can it win customers, too?

The Nasdaq wants to delist broadband provider Rhythms NetConnections (RTHM ). High-speed Internet-access company Teligent (TGNT ) is on the verge of running out of cash. And WinStar Communications (WCII ), another provider of quick connections, declared bankruptcy on Apr. 18. So what makes Terabeam, a provider of high-speed Net access via wireless optical technology, think it can thrive where others have been struggling to survive?

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