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.

Now that Sprint’s long-awaited Xohm service has launched in Baltimore to mostly positive reviews, researchers, bloggers, and journalists are beginning to place their bets on the upcoming battle between WiMAX and long term evolution (LTE), its toughest challenger. Researchers at In-Stat have struck the first blow for WiMAX, concluding in a new report that WiMAX is likely to “outpace” LTE over the next few years, though both technologies are still years away from full implementation. In-Stat argues that because LTE will not be ready for at least another year or two, the timing of network roll-outs favors WiMAX technology. But CNET’s Marguerite Reardon is skeptical, as she draws a comparison between Sprint’s Xohm roll-out and the recent failed efforts by EarthLink to develop municipal Wi-Fi networks. She argues that Sprint’s business model may be doomed to fail because it pits WiMAX against existing 3G data services and cheaper, more consistent broadband options such as Verizon DSL. In the absence of financial incentives and a greater variety of WiMAX-ready devices, Reardon predicts that Xohm will face a tough battle for consumers – not necessarily against LTE, but against HSPA products offered by competitors.

However, while Sprint’s WiMAX network in Baltimore may not be as consistent as existing broadband services — for now, at least — it still offers stronger, faster, and more consistent connections than EarthLink’s Wi-Fi project, which depended on countless access points, each with a limited reach. WiMAX offers the freedom of municipal Wi-Fi, but with far less hassle — so the real goal for Sprint is to convince consumers that its service will make their lives easier, liberate them from coffee shops, and save them the trouble of dealing with routers and modems. Their inability to pull this off is by no means a foregone conclusion. Municipal Wi-Fi, after all, is still an attractive concept in theory, if not in practice. And while it’s true that WiMAX-ready mobile devices and laptops are currently few in number, we can doubtlessly expect to see more of these devices entering the market if the launch of Xohm proves to be successful in the long run.

Reardon doesn’t mention LTE directly, but she does inject a bit of unpleasant reality into the WiMAX vs. LTE debate by pointing out the gloomy state of the economy, and in doing so, she raises an important question: what if delays in WiMAX roll-outs give LTE technology time to catch up? Phil Skeffington, an associate with UK-based consultancy Mott MacDonald Schema, doesn’t see a problem. In fact, if Skeffington is right, the battle between WiMAX and LTE may even result in a draw. Skeffington believes that WiMAX and LTE are “complementary technologies,” with LTE poised to become the preferred technology for mobile handsets, and WiMAX set to corner the market of “nomadic” laptop users because of its superior bandwidth capabilities. Because demand from laptop users is higher right now, WiMAX is still likely to hold on to its early lead. Its ability to emerge from the fight unscathed depends on Sprint’s ability to attract consumers, to create demand for devices, and to convince manufacturers and investors to meet that demand. Fortunately for backers of WiMAX, there is plenty of cause for optimism.