Two WiMax companies are planning to go publc: Clearwire and NextWave. The technology is hot now. Sprint is adopting it for next generation cell infrastructure. The technology is in trials in a number of countries and Seoul is already blanketed by the new tech.
WiMax has the early promise of efficiently competing with high speed broadband including cable and DSL.
Clearwire has already raised $900 million primarily from Intel and Motorola both of which have significant technology they will market as part of WiMax infrastructure. The Clearwire IPO would plan to raise $400 million.
Research firm Gartner expects there to be over 21 million WiMax connections in North America by 2011.
NextWave’s CEO was a former board member of Qualcomm. WiMax phone services, like Sprint, are viewed as a threat to Qualcomm in the 3G phone industry.
If WiMax works as well as some expect it will, cable and telecom companies may have a headache.
Douglas A.McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.