CLEAR AS MUD: Shares of wireless broadband network operator Clearwire Corp. plunged Friday after its chief executive told The Wall Street Journal it is weighing whether to make a $237 million interest payment Dec. 1.
TO PAY OR NOT: Erik Prusch said there's a 30-day grace period if Clearwire misses the deadline. The company has $698 million in cash and short-term investments. He called the payment "very expensive" and said "we have to evaluate everything in terms of our decision of where we're going."
SPRINT SAVIOR?: If Clearwire's main client and majority owner, Sprint Nextel Corp., reverses its decision to stop using Clearwire's "4G" network at the end of 2012, that would be a lifeline. An analyst said talks continue.
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