Technology Stocks
CLEARWIRE (CLWR) - Bang or Bust?
An SI Board Since March 2007
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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 .
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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55clrw a big winner for those who bottom fished.hdl-1/17/2013
54For Clearwire, There Is No Better Alternative By ROBERT CYRAN DealBook New YoGlenn Petersen-12/13/2012
531GB of free WiMax internet a month if you live in Clearwire's service area. FUBHO112/12/2012
51 Cellular grapples with spectrum scarcity Rick Merritt6/20/2012 10:31 PM EDT SANFUBHO26/21/2012
50It already has gone bust down to ~2. It still has risk but a good chance to movRob S.-11/22/2011
49CLEARWIRE (CLWR) - Bang or Bust? bust Smiling Bob-10/7/2011
48The problem with expansion to rural areas comes down to spectrum.. the right speRob S.-9/26/2011
47CW has several potential deals and revision of deals that are possible given theRob S.-9/23/2011
46Short-term buy above support at 2.10 imo. No one should need to say it but: TheRob S.-9/23/2011
45 Clearwire, Sprint, and cable companies are not alone in forging 'quad play&Rob S.-9/19/2011
44Re-post from another board in response to investor's criticism of LightSquarRob S.-9/14/2011
43 ""LightSquared now has to actually manufacture a filter before testinRob S.-9/12/2011
42Clearwire has a unique position in spectrum - an average of over 130MHz of 2.5-2Rob S.-9/11/2011
41I recently bought shares and picked up their mobile service. The speed isn'tSmiling Bob-9/10/2011
40Selling puts is risky business: a friend was doing great for several years leadiRob S.-9/9/2011 Notes: MACD - bullish. Remains under a resistance level - bearRob S.-9/9/2011
38Clearwire's 'Jazzed' About Results FEBRUARY 24, 2010 | Michelle DonFUBHO-2/24/2010
37Anybody here live in a Clearwire service area who subscribes to mobile internet Sam Citron-6/15/2009
36Sprint-Clearwire Deal Expected to Close in Q4 by: Ron Haruni posted on: August 1FUBHO-8/19/2008
35FWIW: This may be one of the reasons CLWR is currently weak. Maybe its just tooThe Ox-7/25/2008
34They are the only company that is licensed for WiMAX spectrum, so the barrier toFUBHO-7/23/2008
33This one looks like a lot of IPOs, where the selling starts quickly and really pThe Ox-7/23/2008
32At what price do you think this gets attractive?FUBHO-7/23/2008
31Sprint, Clearwire to announce $12 bln JV
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