Recessions hurt.
We’ve previously noted that decision-makers at many of the technology industry’s leading corporations seem to have a lot of faith in WiMAX, specifically in Clearwire’s United States venture. The catch is that the market does not share their optimism.
Intel’s losses after acquiring Clearwire now total $1.1 billion to $1.2 billion – significantly more than the previous estimate of $50 million. Meanwhile, Nokia is pulling the plug on WiMAX-enabled mobile devices designed specifically to work with Clearwire’s networks. At present, it’s a sensible strategy for Nokia, because mass sales of …

In spite of the failed partnership with Clearwire and their current financial strain, Sprint expects to launch Xohm as planned. We could be experiencing a wireless broadband network from Sprint in several major cities, such as Chicago and Washington DC, as early as spring of this year.
According to the LA Times, Sprint’s Chief Executive Dan Hesse is convinced that WiMAX is the way to go even though Sprint’s bigger competitors Verizon and AT&T have disregarded WIMAX in favor of another 4G network known as LTE (Long Term Evolution). LTE …