Wow, already down 30%+ this morning. Hate to say I told ya so (not your Frank, but the list in general) on the over-valuation of Clearwire, but I told ya so.
Best, Brad -----Original Message----- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Frank Muto Sent: Thursday, November 08, 2007 11:36 PM To: WISPA General List Subject: [WISPA] Sprint and Clearwire scrap WiMax deal Sprint and Clearwire scrapped a pact to build a nationwide high-speed wireless network based on WiMax. http://online.wsj.com/article/SB119457536653487513.html The two companies signed a letter of intent in July to pursue the partnership, which they hoped to finalize within 60 days. But the complexities of the transaction and the departure last month of Gary Forsee as Sprint's chief executive officer made it too difficult to reach a final pact, the people say. The unraveling of the preliminary agreement is a blow to Clearwire. The company, founded by cellphone pioneer Craig McCaw, has staked its future on WiMax, a longer-range cousin of Wi-Fi that can theoretically provide wireless broadband access from laptops and cellphones at speeds comparable to what cable operators provide. Frank Muto President FSM Marketing Group, Inc www.secureemailplus.com ---------------------------------------------------------------------------- ---- WISPA Wants You! Join today! http://signup.wispa.org/ ---------------------------------------------------------------------------- ---- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
