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Clearwire Corporation (CLWRD) Message Board

  • indano indano Mar 20, 2013 8:47 AM Flag

    Thank You Crest: Proxy War Coming

    You have my votes.
    Topic deleted by !$@^#&# YAhoo

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    • People seem to keep forgetting that the primary objective of softbank bidding for sprint is clearwire's spectrum, which is compatible with virtually everything they're doing in the far east for wireless broadband.

      Crest knows that once you tear away all the financial and operational arguments in favor of selling clearwire for sprint's ridiculous $2.97 offer, that softbank's passion for control of as much of that spectrum as possible is the front and center issue here.

      Softbank will never tell you that the $2.97 offer was an "opening bid"... that's something that you'll just have to figure out the same way that kellett and crest did.

      Spok

      • 1 Reply to bjspokanimal
      • “People seem to keep forgetting that the primary objective of softbank bidding for sprint is clearwire's spectrum, which is compatible with virtually everything they're doing in the far east for wireless broadband.”

        How is a TDD running on a 2500/2600 MHz in Asia and US going to benefit Softbank in any way?

        I think that argument is becoming weaker by the day. That argument may have hold water in the past on TDD devices where manufacturers can lower their prices through scale but you may have noticed that dual-mode (FDD/TDD) LTE devices are becoming standard equipment while tunable antenna with supporting bands are becoming programmable through SDR (software defined).

        In other words, LTE devices are becoming “universal” so there is really nothing special about Clearwire’s spectrum and spectrum in general will be valued based on their merits as in “low, medium, and high frequency” transporting mechanism.

    • where is that rascal, charlie ergen?

    • What war? For the past 10 weeks the stock has traded at about $3.15 per share average with around 500 million shares traded. All those buyers are going to vote against $2.97 a share unless there is a significant change of events. Looks to me like they are trying to force a vote sooner rather than later.

      • 2 Replies to relevance2code
      • The significant change of events is that all but 1 of the BOD's are selling their restriceded shares. The ship has a BIG hole in it and it is going to take alot more than a shareholder vote to get it afloat!

      • It would seem Crest is now getting desperate perhaps it’s because of the recent meeting held between the FCC, SB, Sprint and Clearwire that would seem to indicate a blessing (a seal of approval) from the government.

        Crest also realizes that on Nov 2013 the EquityHolder agreement will expire which would allow Sprint to buy Clearwire’s shares directly from the market while requiring only 66% of the votes (2/3 majority). Of course, Clearwire would prefer to hold the voting in November and that is why the $80M /month funding stops in October 2013.

        I get the feeling that the minority shareholders opposing this deal are becoming scarce. For one thing you can count on which way Credit Suisse intends to vote. After all, Credit Suisse is a long time ally of Clearwire that has bought a lot of shares of the departing Clearwire's Partners such as Google and TWC.

 

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