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08/12/09 11:31 AM

#140258 RE: Traderzz #140257

Clearwire Corp. (CLWR:US) dropped 12 percent to $7.40 and slumped 14 percent earlier, the most intraday since March 5. The mobile services provider building out a high-speed WiMax network posted a second-quarter loss that was worse than analysts’ estimates as it spent more to expand its network before rivals roll out new technology.