Is the global economic outlook getting you down? Does the business section of your local newspaper depress you? Fortunately, there’s hope, in the form of a quick Google search: there is plenty of news on WiMAX technology floating around the Internet this week, and most of it positive.

Our first item, from the Washington Business Journal, announces the final merger of Clearwire Corp. with Sprint’s WiMAX business, Xohm. If you’ve had your doubts about the ability of Sprint to pull off a successful WiMAX network, this news might boost your confidence. Clearwire comes to the table with $3.2 billion in investments from a group of heavy-hitters in media and telecommunications, including Google, Intel, Comcast, Bright House Networks, and Time Warner Cable. Though Sprint and Clearwire have both seen their stock prices decline further after the announcement of their merger, the final approval of the merger by Clearwire shareholders is a resounding vote of confidence in the long-term promise of WiMAX technology, bolstered by the significant investment of a consortium of industry giants. Google in particular has demonstrated a pattern of quietly rolling out products which offer the greatest convenience and value for the consumer, even when their development requires Google to expend more time, effort, and money behind the scenes. Though many analysts and commentators suspect that other 4G technologies will emerge as easier and cheaper options for companies to pursue, the support of Google and other industry leaders for the Clearwire/Sprint venture sends a message of belief in WiMAX as a strong business venture, worth pursuing with billions of dollars in investments even in the midst of a turbulent financial climate.

More recently, Airspan has offered up another positive news item, announcing that it has successfully demonstrated a seamless handover from one frequency band to another on a mobile WiMAX network in the UK. Airspan’s demonstration of the ability of WiMAX devices to switch between frequency bands with no interruption in service will undoubtedly make WiMAX even more attractive – and affordable – for network operators, who will have the potential to build single networks of two or more frequency bands in order to expand coverage. Enhanced roaming capabilities may also make WiMAX mobile broadband more enticing for end users, which can only help carriers to market WiMAX technology as unique and ground-breaking, and to draw a clearer line between the promise of WiMAX and the lingering specter of failed efforts at providing long-range, high-speed wireless service.

Though Ali Tabassi, Sprint’s vice president for technology development was recently quoted as (mockingly) branding LTE as an acronym for “Late To Evolve,” there is more to the relationship between LTE and WiMAX than the speed with which the technology evolves. True, WiMAX has arguably stood at an advantage to LTE due to the fact that it is poised to reach the market faster. However, at the same time some at ABI Research forecast that LTE will surpass WiMAX subscriber numbers by 2015 due, in part, to the fact that it has a stronger hold on global carriers. But is it really the inner workings of LTE and WiMAX as technologies that will determine their stronghold on the mobile community?

Gary Kim on TMCNet elaborates effectively on this recurring issue, making the point that the “battle” between LTE and WiMAX will not ultimately boil down to the merits of each technology, but rather to the success of the business models associated with either one. Successful business models would be inclusive of a wide range of devices while providing fast, cost-effective connectivity, among many other factors. This means that WiMAX needs to act now from a business angle in establishing itself as the next big thing in technology. WiMAX’s timetable advantage over LTE is not necessarily enough. Rather, a timely and business-savvy entrance into the market could mean all the difference for developments in the next five years.

According to Juniper Research, half of all mobile WiMAX subscribers will be located in Asia by the year 2013. This half will account for roughly 40 million subscribers concentrated mostly in Korea, Pakistan, Taiwan and Australia. The reason? It is believed that WiMAX’s growth will initially be spurred by areas where wired access was not a viable option. WiMAX’s ability to deploy quickly and efficiently in areas that were previously underserved will make it an attractive option for such countries and locales.

Top markets for 2013, according to the research, include the United States, Japan and South Korea. The caveats? Spectrum and devices. In order to reach a potential 80 million subscribers licenses must be acquired in a timely fashion. Furthermore, in order to utilize the WiMAX network, WiMAX-enabled devices will be an obvious necessity. Future projections on the success of WiMAX are hinged on these two elements. Therefore, as more spectrum is allocated and more devices are developed the likelihood of these future projections will continue to increase.

WiMAX Day thinks so. Many have cited 2008 as the year for WiMAX. In fact, WiMAX topped several lists as a promising technology for the new year. The buzz about WiMAX may very well inspire more interest and more investments in the technology. WiMAX Day compares WiMAX to where GSM was ten years ago and estimates $30 billion in investments based on deployment of new networks, mergers and acquisitions, acquiring more spectrum, and other facets. According to the article:

“With all the spectrum up for grabs, we think 20 to 30 new WiMAX networks can pop up in the next year,” said an analyst at Deutsche Bank in New York. “There’s no average size for investment, but some of these can enter the hundreds of millions [of dollars] to billions, gauging from recent RFPs issued to vendors.”

These figures do not include what Sprint is putting into WiMAX this year, or the KDDI-Intel venture in Japan. As more capital enters the WiMAX industry, some of the projected growth for this year may very well start to take shape. More details on the specific numbers for 2008 will be released by WiMAX Day later this year.

In addition to the Montevina platform for notebooks, Intel may also be delivering WiMAX to ultraportables and mobile internet devices through its Menlow platform. InfoWorld reports that Intel is developing WiMAX chips specifically for mobile devices as an optional addition to the platform:

Intel is already developing a WiMax silicon chip codenamed Baxter Peak for mobile devices. Last year, Nokia said it would use Baxter Peak on its WiMax-enabled N-series Internet tablets, expected to ship in 2008... “[The chip] will be an option similar to how Echo Peak is an option for Centrino notebooks based on the Montevina mobile platform,” [according to Kari Aakre, an Intel spokeswoman]

With hopes of WiMAX taking off in 2009, Intel’s move toward including WiMAX chips in both notebooks and mobile devices is an excellent step toward boosting WiMAX adoption rates. Having a big name like Intel behind WiMAX and actively integrating supportive hardware will make providers that much more inclined to invest in WiMAX and customers that much more likely to subscribe to WiMAX services. Intel’s tactic also encourages a form of brand recognition in the sense that it gets the name “WiMAX” out to the public–thus building awareness about the technology and its capabilities.

Intel’s “Baxter Peak” and other WiMAX-enabled devices are scheduled for shipment early this year.

With the new year, investors and all breeds of business people are re-evaluating–and maybe even crossing their fingers–for the industries they’ve put their money on. Many are wondering if this will be the big year for WiMAX in particular. Fortune seems to think so. In an article entitled ”The Top 10 Wireless Trends for 2008” WiMAX came in at number five with some buzz about Xohm and Nokia’s WiMAX-enabled Internet tablet.

Also noteworthy is the fact that nearly all the other listed trends either go hand-in-hand with WiMAX or would benefit from the deployment of a nationwide network. For instance, camera phones with much more advanced functions are listed as one hot trend. With WiMAX, sending and receiving cell phone pictures would be so much faster and easier than it is on traditional cellular networks. Furthermore, WiMAX aficionados even speak of traditional digital cameras becoming WiMAX-enabled, with the ability to quickly and easily upload pictures to blogs, e-mails or other devices without ever touching a USB cord or PC. If camera phones have hit big, how much more so would a WiMAX-enabled camera be likely to hit the trend list?

For 2008, investors and others with a hand in WiMAX will be happy to see that secular sources are keeping an eye on WiMAX. The public’s technological needs and desires can be matched by what WiMAX has to offer–the key is getting it out there for the taking.