December 14, 2007
Clearwire to be Acquired?
Clearwire’s stock has jumped based on a possible acquisition. Rumor has it might be a consortium headed by Intel. BUT IT IS RUMOR at this point. Link.
[Update:] Forbes —
Without releasing any major news on Friday, shares of Clearwire skyrocketed on what analysts considered bogus rumors.
In early November telecommunications firms Sprint Nextel (nyse: S - news - people ) and Clearwire (nasdaq: CLWR - news - people ) announced they were ending their WiMax partnership, but each claimed the breakup was mutual. Clearwire investors took the news as negative, sending shares into a nosedive, while Sprint’s shareholders were less worried.
Clearwire Chart for the week.
Filed under Clearwire, Wall Street, Wimax by Dr. Dog
Comments on Clearwire to be Acquired? »
admin @ 4:50 pm
It would make sense. With duopoly and Wall Street laboring so hard to beat down Wimax in the US, it may be time for Intel to retaliate.