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Intel to Sell 10% of Its Clearwire Stake

Article Comments  10  

May 11, 2011, 4:44 PM   by Eric M. Zeman

Intel today indicated that it plans to sell up to 10 million shares — or about 10% — of its Clearwire stock. Intel owns 102.4 million shares of Clearwire. It says it is making the move for tax reasons. Clearwire is mostly owned by Sprint.

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glinc

May 11, 2011, 5:46 PM

Smart!

LOL, smart company hehe, get rid of a failing company while you can.
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.
I dont blame them... Get rid of the toxic assests while they can.
If they're "getting rid of a failing company while they can" then why are they keeping 90 percent of their shares?
...
nextel18

May 12, 2011, 6:11 PM

a lot

a lot of companies do this.
iDont Care

May 11, 2011, 6:23 PM

Good Move Intel

Not really news but Clear's a sinking ship. Get off while you can. Smart.
Get out now and buy back in at the lower rate when they announce they are switching to LTE.
...
Chizzle

May 11, 2011, 5:56 PM

well

This is not really news. Its "bloatnews" πŸ™„
 
 
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