Brief: Intel Places $600 Million WiMax Bet With Clearwire Stake
Intel has emerged as WiMax's most-important backer. Motorola also joined the investment.
Intel put down another big bet on WiMax wireless broadband technology. With WiMax chip plans already in the works, Intel's venture capital arm invested $600 million in Clearwire, a wireless broadband company. While still a money-losing startup, Clearwire owns a good chunk of the U.S. wireless spectrum on which WiMax runs. This is Intel's second investment in the company. Motorola also invested an undisclosed amount and bought Clearwire's WiMax equipment-making subsidiary, NextNet Wireless. The $900 million total investment let Clearwire cancel a planned $400 million IPO.
Intel has emerged as WiMax's most important--and free-spending--supporter, as our cover story last week explored. The chipmaker plans to deliver by year's end a chipset called Rosedale 2 to ease access to WiMax from mobile computers, and it hopes to have chips that access WiMax and Wi-Fi networks ready by 2008. Such chips, plus WiMax equipment from the likes of Motorola, will be critical to the acceptance of the standard. Good friends for a fledgling wireless standard to have.
IT's Reputation: What the Data SaysInformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
What The Business Really Thinks Of IT: 3 Hard TruthsThey say perception is reality. If so, many in-house IT departments have reason to worry. InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business views IT's performance in delivering services - and, more important, powering innovation. The news isn't great.
InformationWeek Must Reads Oct. 21, 2014InformationWeek's new Must Reads is a compendium of our best recent coverage of digital strategy. Learn why you should learn to embrace DevOps, how to avoid roadblocks for digital projects, what the five steps to API management are, and more.