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Clear, Sharp Pain

5:50 PM -- Man, battered Clearwire LLC (Nasdaq: CLWR) shareholders just can’t catch a break. The stock fell nearly 26 percent today on a Standford Research downgrade to the stock. The analysts are skeptical that the operator’s spectrum position is enough to help it surmount a weak economy and strong competition.

Money could also be a factor. Recall that the operator said in filings that it would have cash “for at least 12 months” after the $3.2 billion funding influx. (See Clearwire Has Cash for 'at Least' 12 Months .) That means that by its own estimates it must need at least another $2 billion a year so down the line to complete its WiMax rollout. Should lead to some fun meetings.

— Dan Jones, Site Editor, Unstrung

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