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: Fourth-generation wireless broadband service provider Clearwire
So what: Time Warner Cable purchased a stake in Clearwire in 2008 for $550 million. That stake, 7.8% of outstanding shares, is worth just a paltry $73 million today. It now appears that Time Warner Cable is going to expand its 4G LTE partnership with Verizon
Now what: Clearwire can't seem to catch many breaks. Last week, Clearwire did announce a 4G wholesale agreement with EarthLink
Craving more input? Start by adding Clearwire to your free and personalized Watchlist so you can keep up on the latest news with the company.