Clearwire (CLWR +18.5%) closed with a huge gain, thanks to remarks in Dish Networks' (DISH) Q2...

|By:, SA News Editor

Clearwire (CLWR +18.5%) closed with a huge gain, thanks to remarks in Dish Networks' (DISH) Q2 10-Q about the satellite TV provider owning "debt and equity investments of public companies with a fair value of $737 million .... concentrated in the debt securities of a single issuer." Wells Fargo and others think the issuer is Clearwire, which, like Dish, owns valuable 4G spectrum. If Dish's plans to build a 4G network are more than a bluff, Clearwire could be a useful partner. (Dish Q2)