Intel to Sell 10% of Its Clearwire Stake
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Smart!
glincMay 11, 2011, 5:46 PM
LOL, smart company hehe, get rid of a failing company while you can.
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It's a form of tax loss harvesting. It's simply a way to get out of some taxes. Believe me, if anyone wanted completely, they would have been out a long time ago. One small share holder is keeping 90% of their stock. This is really not news.
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I dont blame them... Get rid of the toxic assests while they can.
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If they're "getting rid of a failing company while they can" then why are they keeping 90 percent of their shares?
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just speculating here, but probably because they have lots of accountants and lawyers who are paid lots of money to make their tax liability as low as possible and that negative capital gain was enough to cover their taxes
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