New Clearwire CEO stamps his mark with executive reshuffle
Published: 15 May, 2009
READ MORE: Clearwire
Continued ...
Clearwire's figures attracted mixed response but one positive view came from investment analysts JRPG, which wrote: "First quarter results reinforced our belief that Clearwire is an attractive investment based on its ability to execute on its open 4G vision underpinned with a MASSIVE spectrum asset. We believe the spectrum alone is worth at least 10 times the company's enterprise value .... Using customers as a valuation metric would yield a value of $200m to $400m. Clearly not enough to support Clearwire's $1.9bn enterprise value. We continue to expect dramatic growth to continue."
JRPG highlighted the change of tone under Morrow, contrasting his factually based tone with previous "rallying calls". "We believe the company's focus on unembellished results reflects the difference" between the old and new guard, it commented.
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