I think you lost about 50% of your credibility when you called Nortel a 'star player'. Nortel exited WiMAX equipment 2 years ago and was simply reselling Alvarion WiMAX equipment. You flushed the remainder of your credibility with the Clearwire comment as aptly pointed out by the first comment.
The author mentions: "...then, adding insult to injury, Intel, Time Warner Cable, and Google all reduced their investments in Clearwire, set to build a major Wimax network in the US."
To my knowledge, these companies wrote down the value of their investments - NOT reduced their investments as the author mentions.
This write down is based on Clearwire's stock price and is required by normal accounting principles.
I think you lost about 50% of your credibility when you called Nortel a 'star player'. Nortel exited WiMAX equipment 2 years ago and was simply reselling Alvarion WiMAX equipment. You flushed the remainder of your credibility with the Clearwire comment as aptly pointed out by the first comment.
The author mentions: "...then, adding insult to injury, Intel, Time Warner Cable, and Google all reduced their investments in Clearwire, set to build a major Wimax network in the US."
To my knowledge, these companies wrote down the value of their investments - NOT reduced their investments as the author mentions.
This write down is based on Clearwire's stock price and is required by normal accounting principles.