In addition to the dumb ideas for Google's cash identified by cnn.com, here's another one from Investors Business Daily and our friends at AT&T: Google could spend $10 billion on wireless spectrum in a June auction.

Presumably, Google would want to build its own network because it's now at the mercy of the big network gatekeepers like AT&T and Verizon. Maybe all that spectrum could connect with the Google Cubes in everyone's living room? Or Google could provide free bandwidth for everyone paid for with ad revenue? Or Google could build its own private internet using all that dark fiber, using wireless for the last mile to homes and businesses?

The gatekeepers are locking their customers in, suppressing the growth of cheap high-speed networks, and behaving like the monopolists they are. So while I'd love to see Google upset their expensively lobbied monopolies, I have a hard time seeing 5000-employee Google becoming their own telco.