Before the telegraph took hold, the fastest was of transcontinental communication in the U.S. was the Pony Express.
In 1860 the Pony Express was born and ran (literally and figuratively) from Missouri to California. It was so impressive it cut communication from the Atlantic to the Pacific to roughly 10 days. It’s almost impossible to consider in today’s state of instant and constant worldwide communication. To say we’ve had a revolution in communication is almost too subtle of a description for the transformation between the speed of the Pony Express to the speed of email, text messages, Facebook updates and Twitter postings.
The change experienced in communication over the last 150 years is astonishing. Yet, it would be foolish to conclude that we have reached the precipice of communication’s progress.
Today’s leaders of communication play in the arena of cellular communication. Samsung and Apple are the two companies that are currently engaged in a heavyweight battle for smart phone supremacy. In terms of hardware, they are on the front-lines of innovation. Samsung Electronics (005930.KS) has been beaten down since June of this year (2014). How long will this trend remain?
Hardware is only one dimension to the continuing development in communication. Infrastructure is a huge component. American Tower Corporation (AMT) is a cellular tower operator and property owner. The company has shown constant growth in stock prices over the past 5 years and pays a consistent dividend around 2%.Communications will always be a valued aspect within human civilization. We’re in the midst of a continuing information revolution. Certain companies make the tools for consumers to use to be part of the process and others establish the infrastructure to enable all the pieces to work. If you’re looking for a trend, the explosion in communication/information technologies has been on-going for around a century and half and I don’t see an end in sight.