Sunday, February 18, 2007

Clearwire creates interest for coming technology |

"One of the pioneers of the cellular phone sector, Craig McCaw, is asking investors to bet on his latest high-stakes push into a new technology as he takes public Clearwire Corp., which sells a new brand of wireless Internet access.
WiMAX offers consumers the data transfer speed of a broadband connection without a hard-line and is considered a next generation technology.
Clearwire, which offers the service in a limited but growing number of areas in the United States, will test whether investors are willing to buy into the company immediately, as it loses money while building its market.
The Kirkland, Washington-based company amended its IPO filing with the U.S. Securities and Exchange Commission on Tuesday and plans to offer 20 million shares in a deal that could be worth $480 million if priced at the midpoint of an initial forecast range."