This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Intel Looks Cozy with Clearwire

SAN FRANCISCO -- With gadgets taking center stage at this week's Consumer Electronics Show in Las Vegas, Intel (INTC - Get Report) 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.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CLWR $0.00 0.00%
CVX $85.43 0.00%
GOOG $682.40 0.00%
INTC $28.64 0.00%
S $2.66 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs