- Think Equity is out with a very interesting call on Clearwire (NASDAQ:CLWR) after Sprint announced nine WiMax ecosystem partners, confirming its commitment to WiMax. The firm believes the next step will be a resumption of the Sprint/Clearwire alliance. They expected Sprint to move deliberately to name a CEO and reaffirm its WiMax commitment; this lends optimism that the Clearwire alliance could happen soon, perhaps during 1Q08. Combined with its open device/service strategy and the magnitude of its opportunity, the Sprint alliance will rebuild optimism in Clearwire, in their view.
Reits Buy and $33 tgt on CLWR.
Notablecalls: Wow! I'm going to call this one an Actionable Trading Call as I think Eric Kainer's comments may cause some serious buy interest in CWLR today. The stock has been absolutely destroyed over the past months and has begun to show signs of bottoming lately. This coupled with Think's comments creates what I think it one of the best calls I've seen this AM.