Clearwire Corporation (NASDAQ: CLWR) has announced that it is teaming up with Google (NASDAQ: GOOG) to deliver the Google Apps communication suite to Clearwire customers.
Clearwire will begin migrating its current customers to Gmail and to Google Calendar in the first half of this year. Clearwire customers will also have access to Google Talk. Clearwire will use AdSense for Search to provide Google search capabilities on future Clearwire portal applications.
If you see Clearwire’s coverage map, you’ll note there is still quite a build out that is in the "pending" status.
Many of these applications are available already to anyone who wants to use them, so this appears to be more of a standardization and potentially a bandwidth initiative.
We don’t want to pan any gainers, but a 5% gain here may be more short covering than anything. As of the last look, it appears that some 14.13 million shares are carried in the short interest. That is just over 10% of the float and would represent roughly 13 days worth of trading volume.
Jon C. Ogg
January 15, 2008
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