Clearwire reports loss, cuts staff by 15% and delays rollouts

By Matthew
Nov 4, 2010
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  1. Clearwire has announced that it will undertake various cost-cutting measures after reporting a loss of $139 million for the third quarter of 2010. To conserve cash, the company will reduce marketing spending, delay the launch of certain products and services, and suspend development at select construction sites.

    Read the whole story
  2. flocka

    flocka TS Rookie Posts: 40

  3. danielcor

    danielcor TS Rookie

    ClearWire -- Sprint's partner to provide WiMax.

    This wills substantially affect Sprint's ability to grow their network...
  4. Ranger12

    Ranger12 TS Guru Posts: 620   +118

    Yeah it took me a sec before i realized what company it was. Ive always seen it called just "Clear". Anyway, its a great service but seeing as I dont use a laptop anywhere I dont really have a need for it. My connection at home is plenty.
  5. mikeusru

    mikeusru TS Rookie Posts: 48

    I just can't imagine their service being all that useful right now - there are still too few 4g phones, and cities that have clearwire coverage already have cheaper and faster internet connection options. Not that many people actually want to take their laptop to the park to browse the internet - and as far as I can see, that's the only real appeal of this service. Oh, and you can already do that by just hooking up to your cellphone. Sorry, Clearwire. Maybe if you set up in rural areas where there is no good coverage and crap connections - maybe then?
  6. taea00

    taea00 TS Enthusiast Posts: 102

    I'm surprised if they're growing at such a massive rate why the decline? Because once again people don't know how to add and subtract properly. Red is not a good thing, so because we screwed up now the little guy as to pay and have his job cut. Bravo corporate America!
  7. TomSEA

    TomSEA TechSpot Chancellor Posts: 2,550   +594

    ClearWire requires a 2 year contract with some ridiculous fee if you try and cancel before the two years is up. I know more than one person who were initially interested in their services, but chose otherwise once they started reading the fine print in their contract.

    Maybe if they were a little more customer friendly, they'd have more success.
  8. Ranger12

    Ranger12 TS Guru Posts: 620   +118

    Except they directly created 6000 jobs not to mention all the jobs that were indirectly created. Business is a lot more than "add and subtract". There is a lot of risk involved even with the best business plans. Cutting those jobs was the responsible thing to do.
  9. Ranger12

    Ranger12 TS Guru Posts: 620   +118

    *4200 jobs, not 6000.* My b
  10. hassaan

    hassaan TS Rookie Posts: 90

  11. Jibberish18

    Jibberish18 TS Guru Posts: 509   +35

    For one, their speeds weren't nearly as fast as people hoped for or even as Clearwire stated they would be. I'm sure or guessing they've improved this situation since it's months later. Right? Right. Now lets think about slow ping times. They're mobile towers. They're never going to be Wired LAN to your home. Right? Right. Now these issues alone might've kept lots of people away. Otherwise, a mobile broadband that you can "take with you" is pretty cool. THEN they gave their services to Sprint, an investor, and Sprint charges $10 a month for it, if I'm correct, when your speeds are just a bit over what you get with 3G. GSM companies are offering speeds WAY faster than WiMax and for no extra cost.

    In the end, WiMax tried to jump the gun and be first to gain traction, which they did, just not enough it seems like. You can think of a hundred scenarios in the past where being first wasn't always the best thing.
  12. Jibberish18

    Jibberish18 TS Guru Posts: 509   +35

  13. sMILEY4ever

    sMILEY4ever TS Booster Posts: 158

    +1. They're not so reknown..
  14. otester

    otester TS Rookie Posts: 43

    Maybe WiMax just sucks (explaining poor speed)?

    Should have gone with LTE?
  15. tonylukac

    tonylukac TS Evangelist Posts: 1,292   +55

    You can get a clear modem/router and connect it to a wired network in your house. Their rates are competitive for those who don't stream, $30 a month being the lowest. However, it you go over about 8 gig download cap for the month, they throttle you to dialup speeds (56K) for the rest of the month.
  16. capkingy

    capkingy TS Rookie

    You can also get the clear ispot travel router for apple devices that is a no contract option and is 25 dollars a month for unlimited 4g service. I got the rover puck because you can use it with any device. I plan on getting the ispot for the cheaper 25 a month fee.
  17. otester

    otester TS Rookie Posts: 43

    I thought Clears' 4G is unlimited, or is this some type of fair usage policy (8GB)?

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