Clearwire hit by marketing expenses, still seeks deal, funds

03/4/2008 | Reuters · Bloomberg1

Clearwire reported a 48% increase in revenue, but also suffered a $83.1 million loss, during the fourth quarter, which was more than analysts were expecting. "It's what the release didn't say," said Roe Equity Research analyst Kevin Roe, speaking to why the company's shares dipped at least 10% in morning trading. "What everybody's waiting for is a new relationship with Sprint or a white knight investor to bring in the cash Clearwire needs long term."

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Reuters · Bloomberg1

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