Obviously CLWR is spending massively and in many ways in on a trajcectory similar to Sirius-XM. Too much spendng for too little in return. But rather than allowing CLWR to fail operationally the management may just dilute the heck out of common shareholders with a multi-billion dollar equity raise, or debt. Either will weaken the company and opportunity for shareholder returns.
Looking at ~ 400k-500k total customer base, looks like Clearwire is about to be another Teligent or Metricom. Spending is much more than getting customers. Portland, Atlanta, Seattle and some other markets are live, but customers unbelievably low. This means things are not CLEAR as look.
CLWR isn't about to fail, however let's see what they've done by the end of 2009. They need to roll out in more cities like they've planned and they need to see their income rise significantly. Hopefully this will happen as they put WiMax into other markets like they plan.
If you read the article they just give you some examples that meet the Motley Fool criteria, like all Fool articles. It hardly means that Clearwire is going to fail. They absolutely must stay on schedule regarding new markets though. Right now there's plenty of time to see what's going to happen with CLWR before the end of the year.