CLEARWIRE (CLWR) - Bang or Bust? | Stock Discussion Forums

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CLEARWIRE (CLWR) - Bang or Bust?

An SI Board Since March 2007

Posts	SubjectMarks	Bans	Symbol
55	9	0	CLWR

Emcee: Ron Dior	Type: Moderated

This is a discussion board for Clearwire (CLWR). The company's stock opened Thursday at $27.25 a share on the Nasdaq Stock Market.
Clearwire has been a long awaited IPO. Backed by big names such as Intel, Motorola and Bell Canada they might be best positioned to take advantage of next gen WiMAX technology. Though potential is huge and WiMAX has made much progress over the past several years it still remains a high risk investment with many hurdles. For further information on WiMax you can visit wimaxforum.org .
March 7 (Reuters) - Wireless broadband network company Clearwire Corp., founded by cellular phone sector pioneer Craig McCaw, on Wednesday raised $600 million with an increased initial public offering that was priced at the top of a forecast range.
The 24 million shares of Class A stock, which was increased from 20 million shares, sold for $25 per share compared with a $23 to $25 forecast, according to an underwriter.
The company will have two classes of stock. Each share of Class B is convertible to one Class A share, but will have 10 times the voting rights as a Class A share, according to an amended offering document filed with the U.S. Securities and Exchange Commission.
The offering price gives the company an initial market capitalization of more than $3.9 billion.
Telecommunications pioneer Craig McCaw, who is chairman and co-chief executive, is the largest shareholder with 65.4 percent of the company's Class B stock and he will have 24.8 percent of the Class A stock after the IPO.
McCaw previously served as chairman and CEO of McCaw Cellular Communications Inc., which he sold to AT&T Corp. in 1997 for $11.4 billion.
Clearwire builds and operates wireless broadband networks with WiMAX, a next generation technology that offers the data transfer speed of a broadband connection without a hard-line.
from AT&T for $300 million in February in an effort to expand its reach.
Based in Kirkland, Washington, Clearwire plans to use net proceeds from the offering for market and network expansion, spectrum acquisitions and general corporate purposes, according to the SEC filing.
Chipmaker Intel Corp., Motorola Inc., the world's second-biggest handset maker, and others have already bought into the company, investing about $1.1 billion in Clearwire.
Intel and Motorola are expected to broaden WiMAX uses to mobile phones and other portable devices.
Sprint Nextel Corp. is investing $3 billion in its own WiMAX network in 2007 and 2008 and further broaden consumer awareness of the technology.
Intel will hold 26.4 percent of Clearwire's Class A stock and 34.6 percent of its Class B shares after the offering. Motorola will have 12.9 percent of Class A stock after the offering while Bell Canada will hold 10 percent, according to the SEC filing.
Merrill Lynch & Co., Morgan Stanley and JPMorgan led a group of 10 underwriters, which will have the option to buy another 3.6 million shares of Class A stock to cover over-allotments, according to an underwriter.
The company intends to list on the Nasdaq under the symbol "CLWR".

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Reply	Message Preview	From	Recs	Posted
55	clrw a big winner for those who bottom fished.	hdl	-	1/17/2013
54	For Clearwire, There Is No Better Alternative By ROBERT CYRAN DealBook New Yo	Glenn Petersen	-	12/13/2012
53	1GB of free WiMax internet a month if you live in Clearwire's service area.	FUBHO	1	12/12/2012
52	wassup?	hdl	-	8/3/2012
51	Cellular grapples with spectrum scarcity Rick Merritt6/20/2012 10:31 PM EDT SAN	FUBHO	2	6/21/2012
50	It already has gone bust down to ~2. It still has risk but a good chance to mov	Rob S.	-	11/22/2011
49	CLEARWIRE (CLWR) - Bang or Bust? bust	Smiling Bob	-	10/7/2011
48	The problem with expansion to rural areas comes down to spectrum.. the right spe	Rob S.	-	9/26/2011
47	CW has several potential deals and revision of deals that are possible given the	Rob S.	-	9/23/2011
46	Short-term buy above support at 2.10 imo. No one should need to say it but: The	Rob S.	-	9/23/2011
45	Clearwire, Sprint, and cable companies are not alone in forging 'quad play&	Rob S.	-	9/19/2011
44	Re-post from another board in response to investor's criticism of LightSquar	Rob S.	-	9/14/2011
43	""LightSquared now has to actually manufacture a filter before testin	Rob S.	-	9/12/2011
42	Clearwire has a unique position in spectrum - an average of over 130MHz of 2.5-2	Rob S.	-	9/11/2011
41	I recently bought shares and picked up their mobile service. The speed isn't	Smiling Bob	-	9/10/2011
40	Selling puts is risky business: a friend was doing great for several years leadi	Rob S.	-	9/9/2011
39	stockcharts.com Notes: MACD - bullish. Remains under a resistance level - bear	Rob S.	-	9/9/2011
38	Clearwire's 'Jazzed' About Results FEBRUARY 24, 2010 \| Michelle Don	FUBHO	-	2/24/2010
37	Anybody here live in a Clearwire service area who subscribes to mobile internet	Sam Citron	-	6/15/2009
36	Sprint-Clearwire Deal Expected to Close in Q4 by: Ron Haruni posted on: August 1	FUBHO	-	8/19/2008
35	FWIW: This may be one of the reasons CLWR is currently weak. Maybe its just too	The Ox	-	7/25/2008
34	They are the only company that is licensed for WiMAX spectrum, so the barrier to	FUBHO	-	7/23/2008
33	This one looks like a lot of IPOs, where the selling starts quickly and really p	The Ox	-	7/23/2008
32	At what price do you think this gets attractive?	FUBHO	-	7/23/2008
31	Sprint, Clearwire to announce $12 bln JV biz.yahoo.com	muzosi	-	5/6/2008

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