Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of wireless broadband service specialist Clearwire
So what: The government said that proposed deal would "substantially lessen competition," suggesting that relatively weak players like Clearwire and its big partner Sprint
Now what: I wouldn't get too excited about Clearwire just yet. The government's suit is only the first step in its attempt to block AT&T's buy, and analysts are suggesting that the company could still close the deal if it agrees to shed some overlapping wireless assets. When you add that to Clearwire's sunsavory fundamentals, staying on the sidelines seems like an easy decision.
Interested in more info on Clearwire? Add it to your watchlist.