Voices

Clearwire Sinks; Attractive Spectrum Isn't Enough

Clearwire shares are down sharply this morning after negative comments from analysts at J.P. Morgan and Stanford Group. Though its stock saw a lift yesterday following the completion of its deal to acquire Sprint’s Xohm wireless broadband business, the concern is that the company needs substantially more capital and that the intensely competitive landscape will overshadow its technological advantages.

Clearwire as Mud

Ironic, isn’t it, that the nationwide WiMAX network created by the $14.5 billion merger of Clearwire and Sprint Nextel is to be rebranded as “Clear,” since the joint-venture transaction that spawned it as about as muddy as they come.

Xohm: No Long-Term Commitments Besides Baltimore Residency

Among the announcements forgotten for a moment amid the shrieks of agony and general keening on Wall Street today, one from Sprint Nextel announcing a single-market launch of Xohm, its new WiMax wireless service. The company lit up Xohm only in Baltimore today, fulfilling its promise to have the service up and running by the end of September. That said, it’s still nearly a year late.