Clearwire Sits in Deep Water

August 09, 2011   |   August 2011 Bond Updates
Merrill Lynch analyst Michael Funk downgraded Clearwire, the wireless high-speed internet provider, shares to sell at 50-cents citing ?growing concern risk? as its reasoning. This is some bad news, not only for the struggling tech shop, but as a real sign of things to come. The broadband world seems to be closing tighter around itself, through various and ongoing acquisitions. Last week, the company announced it was hoping to raise between $150 million to $300 million in additional funding, to keep its operations merely afloat.

View more at: http://blogs.forbes.com/jasoncollazo/2011/08/09/clearwire-sits-in-deep-water/
 
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