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Clearwire Slashes Staff, Halts New Stores, Delays Smartphones

Nov 4, 2010, 3:29 PM by Eric M. Zeman
updated Nov 4, 2010, 3:37 PM

Clearwire today announced that it has taken a number of cost-cutting measures, including a head count reduction, in an attempt to stay afloat while it seeks additional capital. The company said in a statement, "While the Company is cautiously optimistic it will resolve its short-term funding needs in the near future, there can be no assurances. Thus, it is implementing a series of significant cash conservation measures to reduce costs, including: a substantial reduction in sales and marketing spending, a suspension of additional retail channel market launches of the Clear-branded operations in select markets including Denver and Miami, delays in the introduction of Clear-branded smartphones, a substantial reduction in the contractor workforce, a 15% reduction in the number of employees, and the discontinuation of development activities for sites not required for its current build plan." Clearwire is actively seeking funding to continue operations into 2011. If it doesn't, the company may run out of funds by the end of the year. Clearwire CEO Bill Morrow said earlier this year that the company is seeking new partners, and it has spoken to T-Mobile. No deals have been struck.

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Comments

This forum is closed.

This forum is closed.

notatechie

Nov 5, 2010, 4:34 PM

you Sprint fans are in denial!!!

Just another proving point that Sprint is on its way out. If Clearwire offered Sprint such a competitive advantage and was truly a "faster" and more efficient product why can't they make it a profitable business? Face it Sprint boys, your days are numbered and it will only be a matter of time before you're bought out and phased out. Sprint has been a disaster profit wise and this is the beginning of the end

bearofpanda

you really should stop bashing on carriers like sprint, metro, cricket, boost. it's those options that keep monthly billing tolerable. Let's be honest if verizon and AT&T were the only providers they would just stay with the same pricing. when people ...
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CamelTowing

notatechie said:
Just another proving point that Sprint is on its way out. If Clearwire offered Sprint such a competitive advantage and was truly a "faster" and more efficient product why can't they make it a profitable business? F

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CellStudent

Nov 4, 2010, 6:00 PM

What about the phantom spectrum sale?

I guess that didn't go anywhere. Would be really interesting to know what happened in the back room, though.

Arjuun

what i gess will happen will be that sprint will let them get to the edge of failing and bankruptcy and so there stocks plummet and then just finish buying the other 43 % of the company and folding them in that way they can keep the spectrum and paten...
(continues)

bluecoyote

Nov 4, 2010, 4:46 PM

When CLEAR goes bankrupt

You can use your HTC EVO to smash through the window and loot the store!

CamelTowing

Won't happen. Tmobile wants in... Sprint owns a majority of Clear and they aren't going bankrupt anytime soon.... especially since they are tearing up the competition nowadays. Look at the hints that are being laid out. Tmobile has been begging for Wi...
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AndroidRules

bluecoyote said:
You can use your HTC EVO to smash through the window and loot the store!

See.

Blue may be an overzealous iPhone fanboy who but even he can see the clear picture here.

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muchdrama

bluecoyote said:
You can use your HTC EVO to smash through the window and loot the store!

I'd rather throw it at an Apple user.

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AndroidRules

Nov 4, 2010, 4:27 PM

Told you so...

I told yall Clear didn't have the money. T-Mo is not interested. They don't want WiMAX and HSPA+ is okay for now.

Note to Sprint: Go LTE before it's too late! Kick the Nextel users off and grab that 800mhz spectrum. Let's go! Move it, move it!

Azeron

Damn! No gloating about how right you were! This is terrible! I hate to see people lose their jobs. These *Bleep*ards NEVER consider cutting their own salaries, of course.

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CamelTowing

AndroidRules said:
I told yall Clear didn't have the money. T-Mo is not interested. They don't want WiMAX and HSPA+ is okay for now.

Note to Sprint: Go LTE before it's too late! Kick the Nextel users off and grab that 800mhz sp

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Versed

AndroidRules said:
I told yall Clear didn't have the money. T-Mo is not interested. They don't want WiMAX and HSPA+ is okay for now.

Note to Sprint: Go LTE before it's too late! Kick the Nextel users off and grab that 800mhz sp

...
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Ken6271

Nov 4, 2010, 9:14 PM

whatever happened to the old days when...

people just wanted a cell phone and did not think of the technology in the phone..i mean this is insane...2g...3g....4g....hspa+...who cares! really...there is 3 things I look for in a phone...functionality, features, and that it can make and recieve calls...geez....does not matter what carrier you are with because they all have there faults...just pick a service and a phone..get 2 year contract and renew...its a cycle that never ends...

Jayshmay

You seem to be somebody who doesn't appreciate *technology* which raises the question why are you even at a site like
Phone Scoop???

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flip mode

Ken6271 said:
people just wanted a cell phone and did not think of the technology in the phone..i mean this is insane...2g...3g....4g....hspa+zzzzzzzZzZzZzZ ZZzZzZzZZZzzZzZ

your post is lame and invalid unless it was...
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ecycled

Nov 4, 2010, 3:44 PM

the world without clearwire

I wonder what that would be like. Probably just the same.

Jayshmay

I don't understand all this stuff about Clear running out of funds! They have something like 54+ markets, aren't there people paying bills monthly. That's cash flow.

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fahrende

Nov 5, 2010, 12:02 AM

Everybody is entitled to an opinion, but...

Unless you're a shareholder, your opinion doesn't really matter.

I know this is a forum for this type of discussion, but many if you post as if the Clearwire management owes you something.

Unless you own stock in that company, you have NOTHING to lose.

Azeron

Period. This is nothing. You should see the demands that Verizon obtain the iphone at all costs. Even your pitiful opinion is allowed here.

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