Pacific Northwest Sprint Nextel and Clearwire may revive an agreement to work together on WiMax wireless technology with $2 billion in funding...
Sprint Nextel and Clearwire may revive an agreement to work together on WiMax wireless technology with $2 billion in funding from Intel, TheStreet.com reported Friday.
The companies may announce the deal in the next few days, the Web site said, citing people familiar with the situation. Sprint would combine its wireless spectrum with Clearwire’s, forming a new company, TheStreet.com said.
Clearwire shares gained 85 cents, or 5.2 percent, to $17.11 after report.
Sprint and Clearwire scrapped a plan three months ago to build a WiMax network, after the ouster of Sprint Chief Executive Officer Gary Forsee. Teaming up with Intel will help his successor, Dan Hesse, invest in new technologies without spending as much, TheStreet.com said.
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Sprint spokesman James Fisher declined to comment. Clearwire’s Helen Chung and Intel’s Bill Calder couldn’t be reached for comment.
Stock drops after sales outlook falls
SonoSite stock fell $2.55, or 7.3 percent, to $32.35 Friday after the Bothell-based maker of handheld ultrasound-imaging equipment forecast 2008 sales that will be lower than analysts’ estimates.
Revenue will climb 15 percent from 2007 to about $235.8 million, the company said Thursday as it reported its fourth-quarter financial results. That missed the average $239.3 million expected by four analysts surveyed by Bloomberg.
Crash disrupts data-storage access
Several companies lost access to their own files when Amazon.com’s pay-as-you-go data-storage system went down Friday morning.
Amazon said computers that power its Simple Storage Service were unreachable at one of three data centers for about two hours. By 7 a.m. Seattle time, most users’ problems were resolved.
The two-year-old storage service is one of several “cloud computing” offerings from Amazon.
Compiled from Bloomberg News and The Associated Press