Clearwire's Cash Craving 649283
Redux
5:15 PM -- A new Craig McCaw profile in the Wall Street Journal hints at how the entrepeneur's Clearwire LLC (Nasdaq: CLWR) WiMax will fund its network expansion in the U.S. now that the firm's deal with Sprint Corp. (NYSE: S) has fallen apart. (See Sprint Reconsiders WiMax Plans and Report: Sprint & Clearwire Split.)
The WSJ, quoting sources, says that Clearwire could turn once again to tech companies for extra money, just as it did when it was a private company. Comcast Corp. (Nasdaq: CMCSA, CMCSK), Google (Nasdaq: GOOG), and Intel Corp. (Nasdaq: INTC) are said to be among those considering investing. Intel has already poured millions into Clearwire in a bid to encourage takeup of WiMax. (See Clearwire's Cash Craving.)— Dan Jones, Site Editor, Unstrung
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