Valleywag
Clearwire and new parent company Sprint Nextel certainly share one thing in common — operating losses. In an earnings announcement today, Clearwire posted a 76 percent increase in revenue compared to the same quarter last year for a total of $51.5 million. But while the company's stock tipped up slightly, it ultimately posted a loss of $1.08 per share, thirteen cents higher than analyst expectations. But with investment pouring in thanks to the deal with Sprint Nextel, these numbers may mean little. The real news? "With respect to our recent announcement to combine Clearwire and Sprint's mobile WiMAX businesses to form the new Clearwire, we expect the transaction to close during the fourth quarter of 2008," said Clearwire CEO Ben Wolff.(Photo by AP/Marco Garcia)
Clearwire stock, revenue -- and operating losses -- all up, up, up
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5:40 PM on Mon May 12 2008
By Jackson West
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The real question is this: for those of us who use the current ClearWire technology, are we screwed? I'm guessing yes, the combined company will abandon us for their bright shiny new WiMax initiative.
I committed to the 2-year plan a couple months ago. That got me the modem for free. So I'm not going to be out too much money if they decide to kill this service before that 2 years is up. But I bet there are other people who will be screwed big time when ClearWire kills off the current system in favor of the WiMax service.
Still I've been reasonably happy with the service, and if they make the right offer I might switch to their WiMax service when it comes online in my area.
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