wireless, Clearwire, Craig McCaw
Intel Writes Off $950M on Clearwire
Luke Timmerman 1/8/09
Intel is taking a $950 million asset impairment charge from its investment in Kirkland, WA-based Clearwire, because of the declining value of Clearwire’s stock, according to this report in GigaOm. Clearwire, the brainchild of wireless pioneer Craig McCaw, is building a national WiMAX network to improve broadband wireless connections. Clearwire (NASDAQ: CLWR) stock closed yesterday at $4.98.
Luke Timmerman is the National Biotechnology Editor for Xconomy. You can e-mail him at ltimmerman@xconomy.com, call 206-624-2374, or follow him on Twitter at http://twitter.com/ldtimmerman.
