NextWave Wireless Stock Soars More Than 41% in Just One Trading Day — Say Hello to WiMAX
It would seem that WiMAX’s impact on mobile technology in the United States might be closer than we all originally thought.
NextWave Wireless Inc. (Nasdaq: WAVE), a global leader of all things WiMAX, announced that it has retained Deutsche Bank and UBS Investment Bank to explore the sale of its extensive spectrum holdings in the United States. NextWave’s U.S. spectrum footprint covers over 251 million people in the United States and includes major markets such as New York, Los Angeles, Chicago, San Francisco, Boston, Philadelphia, Denver, Houston, and Detroit.
What drove the surge? Possibly Allen Salmasi, chief executive officer and president of NextWave Wireless, when he remarked:
Since the completion of the recent 700 MHz auction, we have received multiple offers for our U.S. spectrum assets. [N]ow is the perfect time for us to sell these valuable assets while network operators are trying to finalize their band plans and spectrum holdings for their continuing 3G and planned 4G rollouts. Monetizing the value of our substantial spectrum assets would allow us to further strengthen our balance sheet, retire debt, and continue the commercial introduction of a wide range of innovative wireless broadband and multimedia solutions such as our high-performance WiMAX and RFIC chipsets, advanced multi-mode, multi-band TD-CDMA, WiMAX and LTE enabled base station platforms, breakthrough MXtvTM and TDtvTM mobile television systems.
Twitter is the Best Source of Entertainment Since Slap Bracelets
Four days ago Twitter was just a word that floated around the Web. It meant nothing to me. Well, that’s not 100% true. To me it meant, ‘terrible-waist-of-time—and—a-bad-idea-to-boot.’
That has all changed. Three days ago I visited Twitter.com because I figured that I should at least know what it was before I publicly bashed it—and boy am I happy I did.
It all started back when I saw the awesome Common Craft video, Twitter in Plain English (again, that was just three day ago). Since then, I have grown to love Twitter. I am still in awe at how incomplete one feels without hearing the beloved tweets.
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I should add that I am aware that Twitter is not the newest tool on the block, and I know that I am probably the last geeky-type to blog about twitter—ever. But alas, that is okay. I just hope that my new favorite pastime doesn’t become my old waist of time.
Help keep Tweeter in my life by following me.
I use twhirl on my Mac to read the micro-blog of the future (that’s what I am calling Twitter).
All the Twitter tools and mashups in one place.
p.s. I now also love Common Craft because they are super clever. Watch the video if you don’t believe me.
