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Imagine streaming any movie at high speed, anywhere in your house, to any device wirelessly connected to your network. The technology isn't as far away as you might think. A group working on Gigabit Wi-Fi this week published a new specification to aid with interoperability tests set to begin this fall, trade magazine Network World reports.

Gigabit Wi-Fi -- or WiGig, as some call it -- has game-changing potential in that it promises to deliver data as fast as 7 gigabits per second over a home network. I'm connected directly to my home office router via Ethernet cable, and I still can't get better than 1 Gbps.

But WiGig isn't just about speed. The technology is also being designed to wirelessly connect to HDMI devices to broadcast high definition video. The very idea gives me geekbumps. (As in, getting goosebumps while geeking out over technology.)

Curiously, Apple (Nasdaq: AAPL  ) doesn't have much of a say in how WiGig develops. The Mac maker isn't a member of the Wireless Gigabit Alliance, the trade group that develops guidelines for using WiGig in electronic devices. Board members include Cisco (Nasdaq: CSCO  ) , Intel (Nasdaq: INTC  ) , Microsoft (Nasdaq: MSFT  ) , and NVIDIA (Nasdaq: NVDA  ) , among others.

Why not Apple, too? I can only imagine what a successful implementation of WiGig might look like in Apple TV. No, I'm not talking about the $99 box. I'm talking about a full-screen high definition Apple television with a WiGig chipset connected to a WiGig Airport router and imbued with a mammoth solid-state drive for hosting key apps such as Netflix (Nasdaq: NFLX  ) and Hulu Plus. Apple TV as it was meant to be, in other words.

But that's also just my take. Now it's your turn to weigh in. How would you implement WiGig? What innovations would you like to see as an investor? Please weigh in using the comments box below. You can also add any of these stocks to your watchlist to get our latest analysis as it's published:

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He owned shares of Apple and Google at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader.

The Motley Fool owns shares of Microsoft and Apple. The Fool owns shares of and has created a bull call spread position on Cisco Systems. The Fool owns shares of and has bought calls on Intel. Motley Fool newsletter services have recommended buying shares of Netflix, Microsoft, Apple, NVIDIA, Cisco Systems, and Intel. They have also recommended creating a diagonal call position in Microsoft and Intel, and a bull call spread position in Apple, as well as writing puts in NVIDIA and buying puts in Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Read/Post Comments (3) | Recommend This Article (4)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On June 30, 2011, at 3:57 PM, innth3ory wrote:

    I am curious why an article that mainly deals with Gigabit Wi-Fi seems to talk more about Apple than any of the real technology companies involved with it.

    This technology could make any tv maker substancially better which I can only imagine companies like Samsung and Sony will be much more likely candidates who already have the capability of such a tv.

    Apple fans are strange.

  • Report this Comment On June 30, 2011, at 8:10 PM, lucasmonger wrote:

    I have a better idea for you, the first real AppleTV built into the screen shouldn't wirelessly connect to a wigig router, instead as the first device with wigig, it should just include a wigig router inside it. If you are wealthy enough to buy two AppleTVs, they should automatically bridge to widen your network. This also means you have one less device to plug in some central spot in your household.

  • Report this Comment On July 01, 2011, at 5:14 PM, rbynum3965 wrote:

    What I would also like to see is a high speed connection from smart phones to the gigabit router to allow use of phone over internet products while near the router. Also sharing of mobile device apps on big screen. I figure everything will be on mobile devices anyway in a few years. Desktops are almost history and laptops may not be far behind. If mobile devices can connect to any screen they may be the future of computing. The screen will have built in gesture recognition and Kinect built in to aid navigation and input. The mobile device will have the processing power of todays desk tops.

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