These executives a Clearwire are looking out for themselves. They made Clearwire a hopeless case. They will be dealt with in court and hopefully they wind up in prison.
Hesse, Son and the Clearwire executives think they can somehow pull off this audacious scheme of theirs. They will have their days in court. At least their lawyers will. Son most likely would not face court action as he's just an outside bidder. There will be a lot court action, bad publicity and repercussion most likely. At the very least I expect court forced spectrum sales and the institutions several of which are going to court will not sell their shares and will be watching these sleazy executives and all Clearwire Sprint actions like hawks and may initiate further court actions. I don't own Sprint stock but if I did I would sell. I consider Sprint as a risky stock. Way behind T and VZ and soon to be behind the TMobile PCS carrier when they are combined. Sprint will lag behind scaring people away as the news from the court cases will be cloud that follows Sprint everywhere.
Similar views wound up on message boards when this company was over $50. The fact is that Nokia and Blackberry lost big time in an expanding market. The two newest phones were the catalyst for the rise off a miserable $6. Most people are happy with their IPhone or Android leaving Blackberry way behind with just a niche market. Truth is one does not have to be a short to realize that even at today's price it's no great investment.
All the more reason for ATT and Verizon to fight more vigorously against this deal. Of course they may just have written off both Son and Hesse as incompetent Johnnie come late lies who combined will barely make a dent in their duopoly.
So far Ergen has not risked anything in this fray. He has managed not to get dirtied and is waiting for the ideal opportunity to snag his prey. If Slim is on Ergen's team he can quietly sit, watch and wait and avoid the dirt that is surely coming. Things will get messy in court and Hesse and his flunkies at Clearwire will be center stage when the #$%$ hits the fan. Hesse and the gang are an egocentric unsophisticated bunch. This time of course they are on a very slippery slope as they have amassed a plethora of enemies. Enemies that don't shy away from a battle and sophisticated ones at that. I expect a significant move from Ergen soon probably after the vote whereby he will lay out his aces on the table for all to see.
Those among Clearwire's will have their days in court . I sense a lot of court action dragged out and a juicy soap opera for the media which will go on and on. I can't see how all this future attention can positively impact Sprint or Softbank should they succeed in gaining control of s
It's my view and the view of many other stakeholders of Clearwire that it's executive team put Sprint's and their own interests above their fiduciary duty to just about all Clearwire shareholders other than Sprint. To suggest they really tried to sell spectrum and that the recent decisions of Clearwire management were independent of Sprint are laughable. I think several of these characters however will not be laughing when they are made a public spectacle when the nitty gritty of the evidence portrays them in a less than flattering light. I believe they are facing serious charges that may have very serious consequences.
That's a lot of words just to rehash the bash. In simple English Clearwire would not need any money from Sprint if they sold spectrum to Dish and Verizon plus initiating a partnership with Dish whereby Dish would finance an advanced network (LTE) giving Dish use of Wimax in the interim and having Dish bundle the Clear brand. Dish wants spectrum and their foot in the mobile wireless door. Remember Dish only bid for Sprint after bidding for Clear wire which is the real prize here.
Now back to Team Rep who has been going all out to cast doubt for the CLWR longs. Why? Big short interest such as puts? Sprint shill? Seriously no one takes advice from some stranger on an internet board so give it up!
Hess, Son and the Clearwire board are trying to pull the wool over our eyes. Son may win control of Sprint however with all the negative press that will surely come as court cases proceed and all these characters face media scrutiny it sure won't help Sprint's PR image. Sprint is way behind ATT & Verizon on many metrics. The T Mobile PCS combo will be another threat. Then there is Dish that will surely be a headache. Sprint dropped to almost $2 with Hesse at the top. Nothing to be proud of. Son will have a hard time replicating the type of success he had in Japan. He will succeed in piling on a lot more debt for Softbank which is in addition to the bad will from the Clearwire situation and whatever Dish will come up with.
Son is desperate to get into the American wireless business. He has no experience in American wireless and no customer base. As for vision Sprint bought Nextel. While Verizon was building out LTE what was Sprint doing? Just about nothing on that front. Now way behind the technological curve Sprint is building out LTE and helping Clearwire go deeper into debt as a co-builder of Sprint's network. Sprint only got the IPhone only after the lions share had been sold already by it's giant rivals. What exemplifies Sprint's lack of vision most of all is that it's leader Hesse thought a bankrupt Clearwire would make it's assets Sprint's when in fact it would have gone to Clearwire's bondholders.
Son's attack shows that he's intimidated by Ergen and wants to appear as the tough guy. The truth is it's unlikely Dish's creator and visionary has made his final move in this chess match. Ergen in the end will most likely get what he wants which at this time is still unclear to everyone except Ergen.
I strongly recommend that everyone here read the articles by Joan Lapin who is very knowledgeable on the Clearwire Sprint relationship and to disregard what Teamrep writes here.
I call bs on this latest excuse for advice or analysis of a precarious position of Clearwire's financial status. Clearwire can easily sell spectrum to both Dish and Verizon but why do that when the goal is to decrease the value of Clearwire for it's Sprint masters. That's my take and Joan's too on what's going on. Joan Lapin gives very comprehensive analysis in several articles at Forbes.
Teamrep I don't know if you have a financial motivation as your reason to post what you do but I view your comments as misleading and unsolicited amateurish advice. You are not our financial advisor. We already understand that the spectrum is the gem. Gems don't come cheap.
Google does not need Dish to bid for anything. Ergen has his own plans. He has not risked much with his two bids. Clear wire stockholders on the other hand are risking a fair return if they don't refuse to bow to Son and Hesse and accept their low ball attempt to completely hijack Clearwire. Clear wire will remain a public company unless and until a reasonable bid is made.
Get serious and quit pumping daydreams. Google sold their Clearwire holdings and it's obvious to anyone with some level of intellect. It's called Google Fibre. One gig a second uploads and downloads. Google is adding cities and LTE may become the wimax of the future. Costly and outdated. In the meantime Apple and Google count on ATT and Verizon the most so it's preposterous to even suggest they would enter this fray. Microsoft maybe but so far not a prep from them. In fact Netflix is a possibility as both they and Dish have the technology, infrastructure and growing customer bases to make an alliance a win win for both of them
Apple is a master at getting free publicity. They understand how the media works and create a buzz that keeps Apple fans and followers excited. Apple is not obligated to go into specifics. Their formula has worked and will continue to do so. Meanwhile the Samsung S4 is an S3 with some new features that don't work properly. Apple will test any new potential upcoming hardware in their ultra secret labs until they get it right. Apple is on the right track. The stock itself will mark time in my opinion.
This can only happen if copy block technology is embedded in the phone or the actual program downloads. In any event Ergen is playing his cards brilliantly. He really put's Hesse of Sprint to shame. This will become evident because Bergen is merely warming up now. Son has to move a chess peace now. Son is Softbank's guiding light who will be sent packing back to Japan. Son has two choices. Either go crawling to his bankers to be further leveraged or walk away from Sprint. If the latter Ergen can withdraw his offer from Sprint and Sprint stock will nosedive.
Meanwhile another savvy significant investor has filed court papers against the sleazy Clear wire example executive's and Sprint. Like Softbank Sprint is deep in debt and it's guiding light Hesse relies on his cronies mismanaging Clearwire. Won't be long before Son and Hesse get taught a good lesson. Falcone of Harbinger funds had his LightSquared implode on him and his ego. The Softbank Sprint Clearwire pipe dream will turn to dust and Dish will win big time.
Dish does not need Sprint at all. This will become apparent going forward.
Sprint needs SoftBank to agree to higher offer and SoftBank has to borrow more to finance it. Both of these must happen for Sprint to have a chance to succeed. Then Ergen moves again and raises the stakes. I doubt any deal will get finalized any time soon. A scenario no one appears to be looking at seriously is that Dish and Verizon both buy Clearwire spectrum and Ergen gains control of Sprint which maintains it's voting control of Clearwire and the minority shares keep trading.
Al Capone wound up in prison. Who knows if it comes to that again regarding this so called deal that stinks. Most minority will not accept the low ball tender offer. Sprint will have to increase their offer price.
Ergen will get what he wants. Son and Hesse have built a house of cards which will come tumbling down. This is a misadventure in the making.
Dish has much to gain. Son will sweat as he has to go deeper into debt. Ergen is a master at getting what he wants and will get what he wants. Son should stick to Japan's telecom reality because he is a bush league player compared to Ergen.