Seeking Alpha

Sprint (S) says it isn't planning any immediate takeover of Clearwire (CLWR), tabling any talk...

Sprint (S) says it isn't planning any immediate takeover of Clearwire (CLWR), tabling any talk of a deal for at least 6-8 months until the Softbank deal closes. Shares of Clearwire jumped 16% today on speculation of an imminent takeover, and have skyrocketed 78% over the last two trading days the previous week. Despite the fervor, a deal between the two is speculative at best. S doesn’t need to own CLWR because it already has access to its spectrum, and its very expensive to boot.
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Comments (12)
  • JayXu
    , contributor
    Comments (266) | Send Message
     
    oh, dear, clwr is going to dive tmr
    15 Oct 2012, 09:24 PM Reply Like
  • bd4uandu
    , contributor
    Comments (1808) | Send Message
     
    It's already dropped .15 in after hours.
    15 Oct 2012, 09:43 PM Reply Like
  • TWagen
    , contributor
    Comments (147) | Send Message
     
    Yeah, and that is why 80+ million shares have traded, because they are all not knowledgeable of the final expected outcome.

     

    I am not selling yet.
    15 Oct 2012, 09:54 PM Reply Like
  • AggGrow
    , contributor
    Comments (209) | Send Message
     
    And you were expecting Sprint to say something else? Jeez.

     

    Can you support the assertion "very expensive to boot"?
    15 Oct 2012, 10:06 PM Reply Like
  • milehr
    , contributor
    Comments (539) | Send Message
     
    It is not in the Softbank's best interest to take full control of CLWR, because CLWR spectrum will be subjected to the government regulations for wireless carriers in that case. I believe that Softbank has far reaching ideas regarding S and CLWR that will spearhead the new paradigm of the wireless communications, with data access taking the prime spot. And WiMax will stay.
    15 Oct 2012, 10:23 PM Reply Like
  • pieman
    , contributor
    Comment (1) | Send Message
     
    Put in a GTC to sell at $3 on Thursday and hoping to sell sooner than later.
    16 Oct 2012, 12:07 AM Reply Like
  • mbablitz
    , contributor
    Comments (28) | Send Message
     
    "Not planning any immediate takeover of CLWR", means they are planning one at some point.
    16 Oct 2012, 12:08 AM Reply Like
  • Nokiees friend
    , contributor
    Comments (7) | Send Message
     
    put a trailing stop loss of .10 cents to sell CLWR, on pre market and the market , take the profit before you lose it
    16 Oct 2012, 12:08 AM Reply Like
  • gridge2011
    , contributor
    Comment (1) | Send Message
     
    why Hesse always ruins Clwr stock from last year by his comments
    16 Oct 2012, 12:08 AM Reply Like
  • supersaverguy
    , contributor
    Comments (87) | Send Message
     
    CLWR none of this information is new - it was rehashed from earlier in the day. it's a typical stall tactic during negotiations.. and why would Direct TV go all the trouble of filing a complaint with FCC about TWC and CMCSA ownership in CLWR? This is only the 1st inning.. a long ways to go....
    16 Oct 2012, 12:09 AM Reply Like
  • blueump1
    , contributor
    Comments (2) | Send Message
     
    go Sprint******
    16 Oct 2012, 08:54 AM Reply Like
  • bd4uandu
    , contributor
    Comments (1808) | Send Message
     
    CLWR looks like it's going to open about 20% lower today.
    16 Oct 2012, 08:59 AM Reply Like
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