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Did Clearwire Bet on the Wrong Horse?

http://www.fool.com/investing/general/2010/03/26/did-clearwire-bet-on-the-wrong-horse.aspx

Anders Bylund
March 26, 2010

Clearwire (Nasdaq: CLWR  ) was born to bet big on WiMAX wireless broadband technology. But maybe that's the wrong horse to choose in the race between WiMAX and LTE -- and Clearwire is only now coming around to that conclusion.

CEO Bill Morrow took the stage for a keynote at the CTIA wireless association trade show and ended up giving me that impression. In response to questions from the show floor, Morrow noted that he can see the rivaling LTE and WiMAX solutions merging into one technology down the road, and that his network was built to accommodate installing LTE equipment alongside the WiMAX stuff if need be.

These admissions smell like desperation to me. Clearwire is the current leader in 4G technology after getting a leg up on the competition with early installations. Still, Clearwire aims for 120 million potential customers served by the end of the year, while Verizon (NYSE: VZ  ) Wireless is looking at 100 million customers reached by the same signpo