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SeriousMoney

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SeriousMoney

Re: SeriousMoney post# 6055

Wednesday, 05/07/2008 11:39:28 AM

Wednesday, May 07, 2008 11:39:28 AM

Post# of 9951
Don't see MSFT's name up there.

Sprint Nextel Corp. announced a $12 billion joint venture for WiMAX with Clearwire Corp. Wednesday.

The deal creates a new company that would use the Clearwire (NASDAQ: CLWR) name and offer traditional voice service plus wireless broadband access. The new company has raised $3.2 billion in outside financing, including $1.05 billion from Comcast Corp. (NASDAQ: CMCSA), $1 billion from Intel Corp. (Nasdaq: INTC), $550 million from Time Warner Cable Inc. (NYSE: TWC), $500 million from Google Inc. (Nasdaq: GOOG) and $100 million from Bright House Networks. Clearwire was founded by wireless pioneer Craig McCaw.

http://baltimore.bizjournals.com/baltimore/stories/2008/05/05/daily22.html?ana=yfcpc



"Growth is all that matters!" CRAMER

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