Intel Looks Cozy with Clearwire
SAN FRANCISCO -- With gadgets taking center stage at this week's Consumer Electronics Show in Las Vegas, Intel (INTC) is touting the wonders of WiMax -- the high-speed wireless network that the chipmaker envisions will connect everything from smartphones to mini-notebook PCs.
But while Intel's marketing folks diligently spread the WiMax word at CES, the company has been equally busy striking deals around the globe to ensure the wireless network - and its companion chips -- get off the ground.
Intel recently announced a deal to build a WiMax network in Moscow in collaboration with Comstar, and the company teamed up with Japan's KDDI in September.
Now there are signs that Intel may be readying another big WiMax deal, this time closer to home.Two weeks ago, Arvind Sodhani, president of the company's Intel Capital venture arm, resigned his seat on the board of Clearwire (CLWR), a WiMax service provider in which Intel has a roughly 30% stake. The press release announcing the resignation explained that it was in order to "avoid any conflicts of interest that might arise." That has raised speculation among analysts that a transaction in the works. "It certainly seems like it's not in the very initial stages," says McAdams Wright Ragen analyst Sid Parakh of a potential deal by Intel.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV