Clearwire (CLWR) -6.4% premarket after Google (GOOG) discloses its intent to sell its 6.5%...

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Denny_Chasteen Comments (690)
 
Not sure what kind of position this puts Sprint in. Perhaps having to do another stock offering. Wonder also about the terms. Maybe Sprint bought from Google on a low interest loan. Would effectively be shorting the CLWR stock. Now wouldn't that be nice.

Also wonder how many other CLWR stake holders are wanting to bail? This ship could go down hard and fast.

I am sure looking forward to hearing what the folks who are smarter than me have to say.
24 Feb 2012, 09:27 AM Reply Like

mix Comments (61)
 
Sprint is buying 29.4 million shares of CLWR stock from Google for $47 million. Google spent $500 million for this stock. The rest of your post makes little sense.
24 Feb 2012, 09:54 AM Reply Like

mix Comments (61)
 
Better question. What reputable news outlet besides SA is reporting that in fact Sprint is buying these shares?
24 Feb 2012, 10:07 AM Reply Like

kirk otis Comments (247)
 
The news source is the SEC.
24 Feb 2012, 03:06 PM Reply Like

mix Comments (61)
 
You obviously didn't read the SEC filling that this article links to then. Because it doesn't say Sprint is buying the shares, only that Google is offering the shares to current investors.
24 Feb 2012, 04:47 PM Reply Like

englanderd Comments (2)
 
Isnt this the commitment by S to CLWR that analysts waiting for
24 Feb 2012, 10:56 AM Reply Like