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Intel to Sell 10% of Its Clearwire Stake

May 11, 2011, 4:44 PM by Eric M. Zeman

Intel today indicated that it plans to sell up to 10 million shares — or about 10% — of its Clearwire stock. Intel owns 102.4 million shares of Clearwire. It says it is making the move for tax reasons. Clearwire is mostly owned by Sprint.

Reuters »

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Comments

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This forum is closed.

glinc

May 11, 2011, 5:46 PM

Smart!

LOL, smart company hehe, get rid of a failing company while you can.

Hitur Petar

It's a form of tax loss harvesting. It's simply a way to get out of some taxes. Believe me, if anyone wanted completely, they would have been out a long time ago. One small share holder is keeping 90% of their stock. This is really not news.

trey1475

I dont blame them... Get rid of the toxic assests while they can.

Iknownothing

If they're "getting rid of a failing company while they can" then why are they keeping 90 percent of their shares?

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nextel18