Posts for Ticker ‘CLWR’

Clearwire Shows Earnings & Financing Hand (CLWR, S, CMCSA, TWC, DRWI)

Clearwire LogoInvestors are getting a look at why Clearwire Corporation (NASDAQ: CLWR) announced that it was getting new partner financing ahead of its quarterly earnings report.  The wireless broadband services provider did show a gain in revenue to $68.8 million, up 13% from the $60.8 million a year ago and up from $63.59 million just in the June quarter.  Thomson Reuters had revenue estimates at just over $66.6 million.  The net loss of -$0.43 EPS was in-line with estimates.  Sprint Nextel Corp. (NYSE: S), Comcast Corporation (NASDAQ: CMCSA), and Time Warner Cable Inc. (NYSE: TWC), its strategic partners, are set to expand selling efforts in 4G areas. Today’s news also has implications for DragonWave Inc. (NASDAQ: DRWI).
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Posted on: November 10, 2009 – 4:45 pm in Earnings, WiMAX, Wireless, , , , ,

Today’s Best Market Rumors (9/10/2009) (AMD)(AMR)(LCC)(CLWR)(MOT)

magazinUpdated throughout the day.

Update 2.52 PM EST:  The antitrust disagreement  between Intel (NASDAQ:INTC) and AMD (NYSE:AMD) may be resolved by a private settlement  (MarketWatch)

Updated 12.23 PM EST:  Motorola (NYSE:MOT) may have sold 100,000 Droid the first weekend the handset was on the market  (Bloomberg)

Updated 11.33 AM EST: Huge hedge fund SAC says it has found no improper trades. Media sources has linked the firm to the Galleon insider trading investigation. (Bloomberg)

Updated 8.48 AM EST:  Hedge fund assets could hit $2 trillion worldwide by the end of 2010 (DealBook)

American Air (NYSE:AMR) and US Air (NYSE:LCC) may merge  (TheStreet)

The International Energy Agency may be downplaying the need for greater oil supplies to prevent a market panic.  (CNBC)

AT&T (NYSE:T) is publishing data to undermine Verizon’s (NYSE:VZ) claims about the better quality of its cellular network.

Time Warner’s (NYSE:TWX) AOL unit will lay-off 1,000 people next month. (AllThingsD)

Microsoft (NASDAQ:MSFT) is not likely to close its media properties.  (Ad Age)

A number of public pensions face bankruptcy. (Forbes)

Wal-Mart (NYSE:WMT) may use its China business as a template for expansion in India.  (The Deal)

Even after a $1 billion cash infusion 4G WiMax company Clearwire (NASDAQ:CLWR) may need more money from Sprint (NYSE:S) and other partners.  (BreakingViews)

Douglas A. McIntyre

Posted on: November 10, 2009 – 8:38 am in Rumors, , , , , , , , , , , ,

Electronic Arts (ERTS): M&A And Layoffs Meet At A Crossroad

wiiElectronic Arts (NASDAQ:ERTS) did something today that is almost never seen in the corporate world. It made a big acquisition and fired 1,500 of its workers, 17% of the total staff, on the same day. Read More »

Posted on: November 10, 2009 – 5:02 am in Mergers and Buy Outs, , , , ,

Today’s Best Market Rumors (11/9/2009) (RAI)(WFC)(NWS)(JAVA)(GE)(S)(CLWR)

magazinUpdated throughout the day.

Updated at 11.49 AM EST:  Reynolds Americam (NYSE:RAI) may buy Niconovum, a Swedish maker of nicotine gum and mouth sprays (Boomberg)

Updated at 10.12 AM EST: Wells Fargo (NYSE:WFC) may pay back its TARP funds. (BreakingViews)

Updated at 9.48 AM EST: Rupert Murdoch’s News Corp (NYSE:NWS) may sue the BBC for breach of copyright for “stealing” material from his newspapers. (FT)

It will take a bid of 800 pence to get Cadbury to agree to a Kraft (NYSE:KFT) takeover. The current hostile bid is for 713 pence.  (various)

GE (NYSE:GE) and Comcast (NASDAQ:CMCSA) have agreed to value NBCU at $30 billion  (WSJ)

The EU may approved Oracle’s (NASDAQ:ORCL) buy-out of Sun (NASDAQ:JAVA) if it gives up some of its control of the MySQL database software  (BusinesssWeek)

The rally in GE’s (NYSE:GE) stock may not last very long.  (TheStreet)

China may raise fuel prices this week.  (CNBC)

Delta (NYSE:DAL) and American Air (NYSE:AMR) are increasing their pressure on the Japanese government to forge joint ventures with Japan Airlines.  (The Deal)

New collaborative software tools from Cisco (NASDAQ:CSCO) will put it into direct competition with Microsoft (NASDAQ:MSFT)  (CNET)

Sprint (NYSE:S), Intel (NYSE:INTC), and Time Warner Cable (NYSE:TWC) may put another $1.5 billion into 4G provider Clearwire  (NASDAQ:CLWR)

Douglas A. McIntyre

Posted on: November 9, 2009 – 9:04 am in Rumors, , , , , , , , , , , , , ,

Media Digest 11/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Hurricane Ida is heading toward Gulf oil fields.

Reuters:   Kraft (NYSE:KFT) will make its bid for Cadbury.

Reuters:   GE (NYSE:GE) and Comcast (NASDAQ:CMCSA) have agreed to an NBCU valuation.

Reuters:   The IMF is considering an insurance levy on banks. Read More »

Posted on: November 9, 2009 – 4:03 am in Press Digest, , , , , , , , , , , , ,

DragonWave Debuts In U.S. Listing (DRWI, CLWR)

DragonWave LogoDragonWave Inc. (NASDAQ: DRWI) is not exactly a new company nor is it exactly an initial public offering.  The stock has traded on the Toronto Stock Exchange under the ticker “DWI” since 2007.  It has also been a very strong stock in the Canadian trading as it was under $2.00 at the start of 2009 and rose to over $10.00 (Canadian Dollars) recently. Today, will mark the initiation of the listing on NASDAQ.
Read More »

Posted on: October 15, 2009 – 9:50 am in ADR, IPOs, Insider Activity, Secondary Offering, Technology Companies, WiMAX, Wireless, ,

Today’s Best Market Rumors (10/15/2009) (ERTS)(CLWR)(MSFT)(ARUN)(GS)(LAZ)

newspaperUpdated throughout the day.

Updated 2.15 PM:   Electronic Arts (NASDAQ:ERTS) may buy social game business Playfish for $250 million. (Business Insider)

Updated 1:40 PM EST: CKX Inc. (NASDAQ: CKXE) refuting reports that it is selling stock (VSInvestor.com)

Updated  11.50 AM EST: Shares in J. Sainsbury, the UK supermarket chain, ran up on rumors that the Qatari sovereign wealth fund is interested in increasing its 26% stake in the firm.  (MarketWatch)

Updated 11.10 AM EST:  Clearwire (NASDAQ:CLWR) may get a large investment from partner Sprint (NYSE:S) (Barron”s)

eBay (NASDAQ:EBAY) division Skype may buy Gizmo5 for $50 million (TechCrunch)

The family of deceased Larard (NYSE:LAZ) CEO Wasserstein may sell New York Magazine. (NYPost)

Shares of Goldman Sachs (NYSE:GS) are down because earnings missed Wall St. “whisper” numbers  (ClusterStock)

Apple (NASDAQ:AAPL) may build an FM tuner into iPods and iPhones so that users can buy music they listen to on the radio through iTunes.  (9 to 5 Mac)

Aruba Networks (NASDAQ:ARUN) may be for sale. Alcatel-Lucent (NYSE:ALU), Siemens (NYSE:SI), Juniper (NASDAQ:JNPR), and IBM (NYSE:IBM) are considered possible buyers. (Barron’s)

Acer may overtake Dell (NASDAQ:DELL) as the No. 2 PC maker in the world. (Digital Daily)

Google (NASDAQ:GOOG) may launch an online bookstore which could provide competition to Amazon’s (NASDAQ:AMZN) Kindle. (Reuters)

Apple is planning to planning to take advantage of the launch of Microsoft (NASDAQ:MSFT) Windows 7 to sell Macs (BusinessWeek).

Apple’s Steve Jobs may be more popular than Jesus.  (Fortune)

GM may make a financial rescue of its Korean Daewoo Auto & Technology Center.

Douglas A. McIntyre

Posted on: October 15, 2009 – 9:10 am in Rumors, , , , , , , , , , , , , , ,

Deutsche Telekom (DT) May Offer To Buy Sprint (S)

sprintDeutsche Telekom’s US cellular carrier T-Mobile only has 33 million subscribers. That puts its a distant fourth in the market behind Sprint (S) Verizon Wireless (VOD)(VZ) and AT&T (T). It means that T-Mobile has only 12% of the American market which makes keeping up with the competition in terms of the size of its network and marketing costs extremely difficult.

Deutsche Telekom may remedy its trouble in the US by buying Sprint, which has about 50 million subscribers. The purchase would make its subscriber base much closer to Verizon’s and AT&T’s. Read More »

Posted on: September 13, 2009 – 7:24 am in Mergers and Buy Outs, Telecom, WiMAX, Wireless, , , , , , ,

Comcast (CMCSA) Launches Threat To Wireless Telecom Services

TVCellular providers including Sprint (S), AT&T (T), and Verizon Wireless (VZ)(VOD) have had the broadband wireless market all to themselves. WiFi offered some modest competition, but its service only works within a few hundred feet of a base station. The 3G broadband wireless systems created by the telephone companies cover entire cities and most major roadways.

Comcast (CMCSA), the nation’s largest cable company, means to break the hegemony of the phone companies. Read More »

Posted on: June 30, 2009 – 5:10 am in Cable Companies, Telecom, Wireless, , , , , , ,

The Economy’s Dilemma: Market To Raise Money Is Still Brutal (GS)(GE)(BRK-A)(BRK-B)(UAUA)(S)(CLWR)(AIG)

bankAnalysts were appalled when Goldman Sachs (GS) paid a 10% coupon on a $5 billion investment made by Warren Buffett of Berkshire Hathaway (BRK-A)(BRK-B) in September of last year. He also was given an option to buy more shares at below market prices. Buffett drove a similarly hard bargain to make a $3 billion investment in GE (GE).The panic about the financial system was so pervasive that these kinds of investments were available to intrepid souls like Buffett. Any major financial firm seeking to raise capital now would do much better. Read More »

Posted on: June 29, 2009 – 8:50 am in Banking, Biotech, Buffett, Conglomerates, Editor's Picks, Wireless, , , , , , , ,

Media Digest 5/14/2009 Reuters, WSJ, NYT, FT, Bloomberg

newspaperReuters   Obama hopes to have healthcare bill by July

Reuters   Documents on Paulson’s meetings with banks forcing them to take TARP have been released

Reuters   Banks sued MBIA (MBI) over its $5 billion restructuring.

Reuters   Lehman may spin off its remaining assets.

Reuters   Ford (F) is walking a tight rope during the industry downturn.

Reuters   The SEC is proposing action against former Countrywide CEO Mozilo. Read More »

Posted on: May 14, 2009 – 2:58 am in Autos, Banking, Consumer Electronics, Earnings, Pharmaceuticals, Press Digest, Regulation, Semiconductor, , , , , , , , , , , , , ,

Media Digest 3/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaper4According to Reuters, Obama will start work on getting his healthcare plan passed.

Reuters reports that February joblessness is estimated to rise 648,000 for February.

Reuters reports that the pick for the No.2 spot at Treasury withdrew.

Reuters writes that the US will invite wealthy funds to invest in the bailout.

Reuters writes that the House approved an overhaul for how housing is treated in bankruptcy. Read More »

Posted on: March 6, 2009 – 4:12 am in Press Digest, , , , , , , , , ,

Bracing For Clearwire Earnings, Future of near-WiMAX (CLWR, S, INTC, CMCSA)

clearwire-logoClearwire Corporation (NASDAQ: CLWR) is set to report earnings after the close of trading today.  While the actual earnings number is probably irrelevant, that is not true for the revenue. This report may actually have a spillover impact on other larger companies such as partner Sprint Nextel Corp. (NYSE: S).
Read More »

Posted on: March 5, 2009 – 1:29 pm in Earnings, WiMAX, Wireless, , , ,

Cell Phones And Connections Faster Than Lightning

iphone6People in the wireless industry have been talking about what will replace 3G networks in the next two or three years. AT&T (T), Verizon (VZ), Sprint (S), and their peers overseas need something to spark consumer demand now that many people already own handsets and higher-end smartphones. Read More »

Posted on: February 19, 2009 – 5:16 am in Wireless, , , , , ,

Intel Shows Tech & PC Woes Ahead, Again, Again (INTC, CLWR)

Technology is far from a recovery if you trust what the companies are telling you at face value.  Just look at Intel Corporation (NASDAQ: INTC) and you will see why.  The processor and chip beast just issued more downward numbers this morning and shares are paying the price.

Read More »

Posted on: January 7, 2009 – 9:22 am in Earnings Warning, Semiconductor, Technology Companies, ,

Why Is Sprint (S) Up 30% In Three Days? A Day-Trader’s Dream

Water_lilies_2Three days ago, Sprint (S) traded at $1.79. Today, it hit $2.32 in early trading, up 30%.

AT&T (T) and Verizon (VZ) are down during the same period, to some extent because analysts have expressed concerns that consumers will cut back on use of landlines, cellphones, and handsets to send data.

Read More »

Posted on: January 6, 2009 – 10:11 am in Most Actives, , , , , ,

Sprint (S) Collapses Again As WiMax Patents Challenged

95129c_2Sprint (S) is down sharply today, heading toward penny-stock land. Shares are at $1.70, off their 52-week high of $13.90.

Much of the drop is due to its falling cellular subscriber base which contrasts to gains at rivals Verizon Wireless (VOD)(VZ) and AT&T (T). Sprint’s newest trouble could be just as bad.

Read More »

Posted on: December 22, 2008 – 1:34 pm in WiMAX, , , , ,

Media Digest 12/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

NewspaperAccording to Reuters, the Fed may need to use a trillion dollars to halt the economy from moving into a period of deflation.

Reuters reports that OPEC will make the largest production cut in its history.

Reuters reports that Madoff is trying to stay out of jail.

Read More »

Posted on: December 17, 2008 – 3:55 am in Press Digest, , , , , , , , , , ,

Clearwire, Cha-Ching (CLWR, S, CMCSA, TWC, GOOG, CLWRD)

Clearwire_logoClearwire Corporation (NASDAQ:CLWR) will be trading with the "CLWRD" ticker for the first 20 trading days.  While many ticker changes are not good, this one is.  Clearwire and Sprint Nextel Corporation (NYSE: S) have completed their long-pending transaction to combine their next-generation wireless Internet businesses.  The long and short of it is that this is a huge win for Clearwire, but the details are even better for the company.

Read More »

Posted on: November 28, 2008 – 1:28 pm in Internet, Mergers and Buy Outs, WiMAX, Wireless, , , , , ,

The 52-Week Low Club (GOOG)(AAPL)(BAC)(F)(GM)(C)(CLWR)(PLD)(JNY)(STP)

Sad_clownVerifone (PAY) JP Morgan cut rating. Drops to $2.38 from 52-week high of $48.61.

Suntech (STP) Forecast below Wall St. estimates. Down to $5.60 from 52-week high of $90.

Jones Apparel (JNY) Part of retail sector sell-off. Sells off to $2.34 from 52-week high of $22.12.

Prologis (PLD) CEO is out and so are lots of employees. Falls to $2.25 from 52-week high of $71.79.

Clearwire (CLWR) Bad reaction to partnership with Sprint (S). Down to $3.77 from 52-week high of $18.26.

Citigroup (C) Investors still concerned about bank’s viability. Plunges to $4.39 from 52-week high of $35.29.

GE (GE) may be looking to raise money overseas. Later report denies it Down to $12.58 from 52-week high of $38.67.

GM (GM) Concerns about Chapter 11. Drops to $1.70 from 52-week high of $29.95.

Ford (F). Ditto. Drops to $1.01 from 52-week high of $8.79.

Bank of America (BAC) Market expects more losses and perhaps need for more capital. Sells down to $11 from 52-week high of $47.

Apple (AAPL) Could be its first rough holiday season in five years. Falls off to $80 from 52-week high of $202.96.

Google (GOOG) Down to $259.04 from 52-week high of $724.80 on word that search ads are not recession-proof.

Douglas A. McIntyre 

Posted on: November 20, 2008 – 4:01 pm in HI/LOW, , , , , , , , , , ,