Cramer on MAD MONEY has a telecom pick tonight he says is even better than Level 3 (LVLT). There is a money-maker, and that is Craig McCaw. He is the head of ClearWire (CLWR-NASDAQ) that is about to come public. If you can’t get in on the IPO you can play it in the secondary market.
I have covered this IPO on several occasions. Here is the article with the terms being set this week.
On January 30, The IPO filing was revised to show the subscriber rates.
Doug has an article showing how much coverage is on this.
Cramer likes the Intel (INTC) and Motorola (MOT) backing it. At $23 to $25 range given, Cramer said he’d pay $28.00 to $35.00 after the IPO, but only for a portion of it. He would wait for a dip and then buy more.
Jon C. Ogg
February 15, 2007
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