You are absolutely right. Thanks for enlightening it to others.
This company has good cash balance. I want to know how these cash balance achieved. Is it from business operation or sale proceeds of investments/patents?
In my understanding to keep listed in the market this stock has to quote at least one dollar. Reverse split seems to be soon. Let me know what others say on this topic...
There will continue to be political and economic consequences from revelations about NSA, i.e. the "Snowden Effect". For the cloud computing industry, the "Snowden Effect" will be a colder business climate for U.S companies. By one estimate, global cooling in the U.S. internet industry will become a $22 to $35 billion loss over the next two to three years.
Courtesy: seekingalpha article 163144
DirecTV is bigger than DISH. DirecTV has similar issue of DISH. It is interesting to watch how the big wireless spectrum going to a foreign company, Softbank.
$7+ new tender offer from DISH simply send Sprint out of play. Sprint knows this and made break-up fee with Clearwire. I believe DISH has big players' support in outbidding Sprint.
It is known that DirecTV and DISH have been losing their subscribers in their core business to IP-TV. Clearwire is the cheapest way to stay/expand in wireless telecom and wireless-IP-TV business
It is a strange freedom and patriotism in USA. AT&T cannot buy T-Mobile. Whereas a foreign company, Softbank can buy Clearwire. US regulators allow a foreign a company to own extremely important wireless spectrum holding company, Clearwire. I regret to say America is not for Americans but foreign nationals:(
Its tender offer is too low. Just for $1.7 billions, DISH wants to get 25% of Clearwire ownership. $1.7 billions is based on 375 million shares which is 25% of total shares (Class A and B). I will not tender my shares below $6. I also believe institutional holders will not tender at current tender offer $4.4 per share. DISH has to come out realistic.
"Bank of America/Merrill Lynch analyst Michael Funk this morning cut his rating on Clearwire to Underperform from Neutral, citing “increased going concern risk.” He set a target on the stock of 50 cents, about a third of the current level". It was on 8/9/2011
Sentiment: Strong Buy
1) Around 7 days before I got book and voting form with control number. I voted on proxy web site with control number.
2) Today I again got mail having same control number. With proxy web site I voted again.
Please answer me why I got multiple times for proxy vote form with same control number? Is it going to affect my vote counting since I voted twice on two occasions as above for the same control number?
Clearwire scheduled a shareholder meeting next month to vote on Sprint Nextel Corp. (S)’s $2.97-a-share takeover offer, a transaction it has urged investors to approve. I need to exercise my rights. My brokerage firm has not sent any email on voting method. Also I have not got anything from regular mail from Clearwire on voting. Please let me know how this voting process goes on.
Clearwire says in today statement:
In connection with the Sprint Agreement, Clearwire and Sprint also entered into agreements that provide up to $800 million of additional financing to Clearwire in the form of exchangeable notes, which will be exchangeable under certain conditions for Clearwire common stock at $1.50 per share, subject to adjustment under certain conditions (the “Sprint Financing Agreements”). Under the Sprint Financing Agreements, Sprint has agreed to purchase, at Clearwire’s option, $80 million of exchangeable notes per month for up to 10 months.
In USA slavery still exists in Corporations. As a result of this holding companies got license to kill innocent shareholders.