For the record, I put a comment on Lappin's piece asking her about her 48-hour deadline reference.
With the shareholder meeting on July 8th, I see it as prudent to put up another bid, if one were going to occur, by next monday, but not necessarily manditory.
"I have already written in recent days about Sprint’s behavior toward Charlie Ergen and DISH. Most media analysts have ignored or not understood what happened last week. Charlie withdrew from bidding for Sprint but not before forcing Softbank and Son to raise and revise their bid. He said at that time he was going to focus on Clearwire now. There are two more days before the Clearwire vote is taken. As they were a month ago, The stock continues to sell above the $5 Sprint offer for it. Apparently I have company in reading what Ergen actually said. There are others who do not believe this is quite over yet, even if we are down to the last 48 hours. "