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Intel's $600 million Investment In HypeMAX Paying Off
from the make-the-bubble-bigger dept
Intel's throwing a lot of money at WiMAX -- not just to fund its own efforts, but to almost singlehandedly prop up the market in an effort to ensure it will have some customers. It started a joint venture with a UK ISP to build a WiMAX network there, and has even funded rival WiMAX chipmakers. Those investments pale in comparison to its most recent one where it pumped $600 million into Craig McCaw's Clearwire WiMAX operator. This huge investment negated the need for Clearwire to continue with plans to go public, after its IPO announcement raised a lot of questions. But it looks like Intel's cash injection is already having its intended effect, as BusinessWeek anoints Clearwire as the next big thing in broadband access, taking all the as yet unproven claims about WiMAX to heart, without touching on any of the plethora of questions surrounding the company, its viability and the reception its IPO was getting on Wall Street. Which is just the kind of hype Intel likes for WiMAX, and was hoping its investment would generate.
22 Comments | Leave a Comment..
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Reader Comments (rss)
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first!
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Second place is first loser
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Second place is first loser
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This is juvenile
Like where did Intel stash $600 million to "pump" into WiMAX ro why is it so important to them?
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Re:
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Easy
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Re: This is juvenile
I don't see why anyone should be complaining. It is going to pur pressure on the traditional ISPs. WiMAX is young and still has a lot of potential, so the ISPs are going to have to start looking forward at how they are going to compete. And whenever companies compete, consumers win.
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First spend, then fire
Don't you hate that they save $1B by getting rid of humans to invest $600M in a product that will more than likely flop? Then more people will get fired and all of us technical people will end up working McDs....
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Life is Tough
Even if you do, if you're good enough, you'll get another job soon. If you don't or can't, you probably suck (in one way or another).
Lesson here? Get skills, use them, be confident and capable, and you'll never be out of work for long.
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Bored
I'm Last!
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Re: Life is Tough
To everyone else, yes, welfare and pinko-socialist economics must sound nice, warm and fuzzy. Jobs for everybody!
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Uh Huh..
I AM!!
:P
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:(
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Re: Life is Tough
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Get off your high horses
So stop trashing Clearwire and give it a chance. I'm happy that a company like Intel sees the value of this company and other WiMax companies.
Tech Dirt, get off your high horses.
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but they aren't neccissarily trashing clearwire as they are showing the stupidity of intel in this useless race for the 'next big thing'
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last post
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Let me do the math for you.
Intel Chips + Clearwire's Network = WiMax = $$$
There ya go. As for Intel canning people to come up with the $, sorry to tell ya thats just life.
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Re: Get off your high horses
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