Posted January 10, 2013 by Karen Kinsey in Technology

Dish Network Corp Battling Sprint For Clearwire- DTV, CLWR, DISH, & INTC

Northern, WI 1/10/2013 (Avauncer) –Clearwire Corporation (NASDAQ:CLWR) has been in the wrong side after the WiMax deal which had put it in a very precarious position. The WiMax deal instead of helping Clearwire Corporation (NASDAQ:CLWR) climb to a leading position brought the onetime leader into a very precarious position in the spectrum race. Also since it is the biggest spectrum Owner its worth is known and competitively sought after by Sprint and Dish Network Corp. (NASDAQ:DISH). DISH NETWORK CORP. (NASDAQ:DISH) had slowly accumulated the spectrum and ensured easy win in its favour during a recent ruling which helped it to successfully convert some parts of its spectrum for cell phones. Dish Network Corp. (NASDAQ:DISH) Network along with its nearest and equitable rival DIRECTV, Inc. (NASDAQ:DTV) have been trying hard to diversify in the spectrum. Thus this deal will be a steal if Dish Network Corp. (NASDAQ:DISH) is successful. Dish Network Corp. (NASDAQ:DISH) bid $0.33 more than Sprint Offer and is really valuable to both. Since the radio spectrum is limited and wireless devices continue to penetrate into the radio spectrum, it is invaluable and need to be controlled carefully. This spurs up the present bidding match.

WiMax Debacle

The Spectrum commanded by Clearwire Corporation (NASDAQ:CLWR) was worth $10 per share till the debacle was caused by the debt brought in by WiMax venture with Intel Corporation (NASDAQ:INTC). The debacle was also prompted by the LTE network which was far superior to the WiMax. Clearwire Corporation (NASDAQ:CLWR) attempted to build a network based on LTE and recover its lost ground. But the nationwide networking was a mammoth task which clearly put Clearwire Corporation (NASDAQ:CLWR) into a bigger trap. This attempt only furthered the debt and drove the company to the debt trap. It could not raise any funds to turn around its LTE venture.

Aggressive Investors can benefit

With Dish Network Corp. (NASDAQ:DISH) Joining the battle the investors can now look into the Clearwire Corporation (NASDAQ:CLWR) stocks as there is likely to be a competitive bidding. At the same time it is unclear whether Sprint which itself is debt ridden presently, will be able to fight the major player like the Dish Network Corp. (NASDAQ:DISH). This Dish Network Corp. (NASDAQ:DISH) offer at the time of the market closure is surely going to put Sprint in dock. For aggressive bidders this is a sure shot time to make gains from the Sprint stocks taking plunge and the Dish Network Corp. (NASDAQ:DISH) pushing its own and the Clearwire Corporation (NASDAQ:CLWR)’s stocks up. The DIRECTV, Inc. (NASDAQ:DTV)’s role is presently unclear with their silence and no attempt to outbid Dish Network Corp. (NASDAQ:DISH). The Stocks will be worth following if they also join the fray.

Shares of DIRECTV, Inc. (NASDAQ:DTV) were up by 2.77% to close at $51.86

Shares of Clearwire Corporation (NASDAQ:CLWR) were up by 7.19% to close at $3.13

Shares of Dish Network Corp. (NASDAQ:DISH) were up by 2.45% to close at $36.85

Shares of Intel Corporation (NASDAQ:INTC) were up by 1.71$ to close at $21.45.

Karen Kinsey

Karen Kinsey with a degree in journalism. She ended up going into the education field and has been a teacher for the past six years. Karen Kinsey is a television producer, writer, editor, professor, wife, mother, sister, daughter, friend and longtime, diehard Phillies fan. Karen Kinsey writings have been featured in such mainstream media as The Guardian, USA Today, Global Times, China Daily, Beijing Review, among others.