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AboveNet CEO Bill Laperch on improving the bandwith so businesses can have better and faster connectivity.
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I love this story because maybe you don't need all of the excitement because.
What it actually does may be way more than what anybody else has put out their so far.
This next company also knows a thing or two about the importance of the cloud and that's what that tap what does connect you to.
Above net ticker AB DT providing high band width connectivity solutions.
For businesses across the globe and they have teamed up with Amazon to provide that high performance access.
To the cloud platform the shares up more than 5% over the past 52 weeks.
Let's bring an out of Fox Business exclusive billable -- CEO president of the above -- -- bill thanks for being.
-- well thanks for having me okay.
Let's bring it to that -- first -- -- what is it that you do that would help me convinced to pick up that one instead of the iPad.
Well you know the tablet is all about bad with bad weather and -- -- right what would you connected to how do you get that to that cloud we can get your movies you can get your.
Your data intensive stuff man.
You know that get these type of by introductions really get us excited because it just increases the need for.
Replacing what in America's infrastructure today are really garden hoses with our fire hoses those are the type of big down with connections.
That we provide to and from all of the Amazon play.
That's that's a great analogy because we're so spoiled now whereas before we would wait for that being being being at all the whole set up before we could connect to the Internet now we're just it's so slow meantime it's eight and a half seconds.
But going from the garden hose to that wider from.
-- broader -- with fire -- doesn't that cost a lot of money -- capital intensive as your business.
While we we are capital intensive business but we invest in our customers you know gone are the days the Internet boom days where people just don't feel the dreams networks today.
Greater than 50% of the capital spending is for customer contract for customers told me what they want where they want it how big the connections are and how fast they want to be.
We go do that.
Well in the -- age everybody's.
Using so much more data.
Everybody's demanding more bandwidth but the space the investment that's what you guys do so who are your biggest customers now -- from Amazon.
Well you know -- we we do very well in the financial sector we do very well in the media sector we do very well on the social networking sector you know what those are the sectors have been with us for awhile.
But you know Liz over the last three or four months I've had the opportunity to visit hospitals to visit.
Educational institutions to visit legal firms.
-- -- all about what they're using is well what we're telling me about what you saw on a hospital released I went down to an amazing hospital of Philadelphia and so I knew MRI machine.
That MRI machine can take a a child's organ split it into 36 slices and show it in three days.
Did He do that over a phone line now you you did this fiber optic connectivity that we do it's a Ford gate type transmission.
That -- that important information from the MRI lab to hospital and doctor Anaheim -- did you -- And it's it's costing money here's your network on the screen we've got this graphic here and I know 30% your business comes from the financial world some of that.
High frequency trading.
Now when you look at the risks 'cause we always trying to let people know what what could what could be risky that this company.
The SEC every time we talk to Mary Schapiro she's competent worried about high frequency trading that of course millions of shares traded every other second and the blue less -- -- -- of an -- -- will that hurt your business if the SEC bears down with controlling with regulation on high frequency.
-- as we look at this very closely first -- -- our our definition of finance is very wide high frequency trading is less than 5% of our revenue right now.
Having said that you know these are the guys stand in front of me and three years ago while I talk about milliseconds and last year to talk about micro seconds this year they're talk about -- seconds.
So so what is important for these high frequency traders to have very fast access the exchanges.
I'm you know I think that regulation is somewhere in the offing but I think that level playing field gets created inside the exchange.
I don't see the government telling.
Customers how fast their network can be.
And that's will do will just make sure that every every exchanger every trader has an Al level playing field with a fast -- Work boy so much for the pen and Paper things have changed thank you so much mr.
-- cause related behavior.
They'll look purchase CEO and president of above -- see you next time thank you very much.
