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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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May 11, 2011, 5:46 PM


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?

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.

May 11, 2011, 5:56 PM


This is not really news. Its "bloatnews" 🙄
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