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What: Shares of WiMAX network operator Clearwire
So what: Sprint detailed its plans to aggressively roll out its 4G LTE network on an accelerated timeline and said that it may stop selling devices for Clearwire's WiMAX network at the end of 2012. As Clearwire's biggest customer, the move would cripple Clearwire's prospects since the company has already bet heavily on the wrong horse.
Now what: LTE has emerged as the victorious 4G technology, with larger carriers AT&T
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Fool contributor Evan Niu owns shares of AT&T, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. Motley Fool newsletter services have recommended buying shares of AT&T. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.