WiMax: Not dead yet
For the last couple years, depending on who you asked, WiMax was either bound for spectacular success or it was dead on arrival.
Well, the wireless technology that promises faster Internet speeds has finally arrived. The city of Baltimore now has WiMax coverage and Portland, Ore. will get it in early January. More cities are expected to follow.
After some sturm and drang, the stars are finally aligning for Clearwire (CLWRD), the wireless broadband provider that is leading the WiMax charge. Earlier this month, Clearwire completed its merger with Sprint's WiMax unit. And the Kirkland, Wa.-based company, founded by telecom pioneer Craig McCaw, has secured $3.2 billion in funding from Google, Intel and Comcast, among others.
