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Dragonwave - Riding on coat tails of Clearwire in US

July 2007

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • DWI
  • Price:
  • 205p
In the US, shares in Clearwire went into orbit after the company announced a couple of deals during the month. Clearwire is the brainchild of Craig McGraw, the founder of McGraw Cellular which he sold to AT&T for US$11.5 billion, propelling himself into the elite of America's billionaires. Some subscribers may not have heard of Clearwire and are wondering what all the fuss is about. The company provides a wireless high-speed internet service in the US and has become a pioneer of WiMax, a long-range data broadcasting technology pegged as a successor to Wi-Fi, the wireless networking technology that can only be used within a few hundred feet of transmission antennae. Key to the group's service is the microwave spectrum ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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