Intel And Nokia Build A WiMax World

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By Douglas A. McIntyre Published

Intel (INTC) and Nokia (NOK) have closed a deal under which the big chip company will provide the world’s largest handset company with the ability to launch WiMax enable products within a year. Sprint (S) and Clearwire (CLWR) are both in the process of building nationwide WiMax networks in the US.

According to Reuters "mobile WiMax, the high-speed wireless standard, is expected to support Internet access at speeds as much as five times faster than typical wireless networks, though it will be slower than the fastest wired services.". Reuters also reports that Intel said the companies were testing interoperability across Intel’s forthcoming WiMax silicon "Baxter Peak" for laptops and mobile Internet devices, Nokia WiMax devices and Nokia Siemens Networks’ WiMax infrastructure equipment.

Less than two years ago, WiMax was viewed as a wild dream. But, now several large countries are working on build-outs of the tech, and its is used in South Korea, the country with the highest broadband penetration in the world.

Cellular, telephone, and cable companies have had little concern about the future of WiMax. But, that is likely to change. Soon.

Douglas A. McIntyre

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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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