Clearwire CEO Bill Morrow unexpectedly quits

Clearwire CEO Bill Morrow unexpectedly quits

Clearwire might not have made the bestchoice in picking WiMAX as its 4G technology of choice as the worldmoves towards an LTE 4G future, but WiMAX is still at the core ofcarrier networks like Sprint's. Now, however, ratherunexpectedly, Clearwire's chief executive officer Bill Morrowresigned citing personal reasons, leaving the company in the hands ofthe chairman, John Stanton, who will temporarily take on theposition.



The chief commercial and informationofficers stepped down as well, which raises some questions aboutClearwire's future. Could this open more room for change within thecompany? An LTE future is a possibility for Sprint and we have seen other countries like Russia and oneof its largest WiMAX providers Yota deciding to switch to LTE mainlybecause of “a wider ecosystem” for the latter. For a closer lookat the differences between WiMAX and LTE check out our in-depth article here.



The future of Clearwire might beunclear, but the company also has to secure its current wellbeing byfinding billions in funding necessary for it to expand itsnetwork and swing into profit in 2012. The wireless network providersaid that the executive shake-up won't affect a dispute with 54%owner Sprint over funding. It also noted that it could sell spectrumit does not need as an option for raising capital.



source: Clearwire via Financial Times


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6 Comments

1. AndroidTroll

Posts: 359; Member since: Mar 05, 2011

It's all downhill from here for Clearwire. Sprint is just waiting for it to bleed out until it buys it out.

2. snowgator

Posts: 3621; Member since: Jan 19, 2011

That may make some sense. Dan Hess has said that any future of Sprints includes Clearwire and wimax, even if they don't rule out a LTE move. (That was in an online Bloomberg story I believed posted on the 9th under their Tech section.) The only way that makes sense is if it is a profit creating partnership for Sprint. If Sprint controlled Clearwire, or outright owned it, that would apply.

3. gustavo91 unregistered

Clear 4g sucks, I live in NY and never gat any 4g in any buildings I have been in to, they have no buildin. Penetration. Google clear 4g sucks

6. zuno gyakusatsu

Posts: 257; Member since: Mar 16, 2010

your understanding of the english language sucks.

4. Gawain

Posts: 442; Member since: Apr 15, 2010

Let's see, a company bleeding cash with negative margins measured in triple digits in a dispute with a majority owner who merged their own 4G licenses, who is also bleeding cash and contending with negative margins. Sprint needs to be in a position to lay claim to the original Clearwire licenses if Clearwire files for bankruptcy, which is what I bet will happen this year.

5. snowgator

Posts: 3621; Member since: Jan 19, 2011

As a side note- Phone Dog just posted that 15 customers of Clearwire, didn't name names, just filed suite against them for throttling speeds below the level that the company agreed to when contracts were entered into. The term "Ponzi Scheme" was included in the lawsuit. Wonder what Clearwire stocks are selling at?

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