Does that surprise anyone? So they need a BILLION dollars a year just to
stay in business. Sounds like a dead end to me.
Travis
Microserv
D. Ryan Spott wrote:
http://seattlepi.nwsource.com/business/312206_clearwire19.html
Clearwire Corp. shares slumped to the lowest ever after Citigroup
Investment Research said the unprofitable wireless-Web company may
need to raise as much as $5.1 billion over the next five years to stay
in business.
"The inability for Clearwire to get additional financing could cause
the company to become financially distressed or risk bankruptcy,"
Citigroup's Michael Rollins wrote in a note to investors.
....
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