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Investing

The Frogs Buy WiMax

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By Douglas A. McIntyre Published
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Alcatel-Lucent (ALU) has won the contract to build out a WiMax network in France. According to MarketWatch: "Alcatel-Lucent will equip the planned sites in the Ile de France and Provence-Alpes-Cote d’Azur regions by mid 2009."

The win is nice for Alcatel, but a big secondary winner is Sprint (S). The company is betting a great deal of its future on the WiMax network it plans to have up and running in the US by the end of 2008. The network will cost $3 billion, and is being supported by WiMax champions Intel (INTC) and Motorola (MOT) who have also put money into WiMax IPO Clearwire (CLWR).

The Sprint plan to cover an area that will reach 100 million people in the US has a number of skeptics. WiMax is untried across such a large region. It has been built out in several big cities including Seoul, but whether it can be knitted together to cover a regional that would be a large portion of the US is still open to question.

But, if the French can do it, why can’t Sprint?

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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