Filed under: Intel (INTC), Nokia Corp. (NOK), Sprint Nextel Corp (S), QUALCOMM Inc (QCOM)

Sprint/Nextel (NYSE: S) and Clearwire (NASDAQ: CLWR) announced that they’re ending their agreement to create a nationwide, high-speed WiMAX network, citing the complexity it would have added to their businesses. Sprint said in a separate statement that it would review its WiMAX business plan and outlook in light of the announcement and plans to make further comments on the topic early next year.

Clearly, Sprint/Nextel has all kinds of internal problems, and trying to build out a project of such magnitude was beyond the realm. It came to its senses, and I would expect management to concentrate on shoring up their core businesses.

For Clearwire, this is clearly bad news. I would now expect all the WiMAX opponents to jump up and down and declare the end of the technology. Remember when Qualcomm (NASDAQ: QCOM) CEO Dr. Paul Jacobs announced two years ago, that “WiMAX is dead.” Was he right? Well, two big players are still investing heavily in the technology. Both Intel (NASDAQ: INTC) and Nokia (NYSE: NOK) are spending heavily in their WiMAX development.

Continue reading Is Sprint/Clearwire breakup the end of WiMAX?

Read | Permalink | Email this | Comments

Share This

This entry was posted on Friday, November 9th, 2007 at 5:52 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.