Nokia: The WiMax Craze Takes Off

For a long time investors and consumers could only dream about WiMax, a broadband signal that can stretch for miles. Clearwire (CLWR), a recent IPO, is beginning to offer the service. Intel (INTC) has started to create chips that receive the signals. Sprint (S) is building out a WiMax network across the US for its next generation of broadband phone service.

Now, there is finally a handset that will take a WiMax signal. Nokia (NOK) will have it on sale in less than a year.

CNN Money made this observation about the value of the technology: "WiMAX will make wireless broadband much cheaper to deliver – up to 10 times cheaper than current third-generation cellular telephony networks."

Too good to be true? Wall St. will know in a few months.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.