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In addition to concerns about Time Warner Cable's plans to sell its stake, Clearwire (CLWR...
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Tuesday, September 18, 2012, 6:50 PM ETIn addition to concerns about Time Warner Cable's plans to sell its stake, Clearwire (CLWR -10.4%) fell today thanks to a bearish note from Morgan Stanley's Simon Flannery, who predicts the debt-laden 4G network/spectrum owner will burn through most of its cash by the end of 2013. He also thinks Clearwire's sales will decline until 2015 due to factors such as Sprint's LTE rollout, adverse pricing, and retail sub losses, and forecasts 2014 and 2015 revenue well below Street estimates.
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