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Clearwire 'Coaster Continues

4:45 PM -- Clearwire LLC (Nasdaq: CLWR)'s ride continues today, as the firm's stock fell from a high of $16.10 to $15.05. The drop appears to have been caused by Comcast Corp. (Nasdaq: CMCSA, CMCSK) saying that, yes, it is interested in wireless, but, no it is not going to leap into anything hastily.

There is also still plenty of chatter about the rumored WiMax joint venture though, so take your pick on what might have spooked investors.

— Dan Jones, Site Editor, Unstrung

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