The potential revenues from the contract w/Clearwire have not been factored in regarding the present share price. Here is a c&p from Clearwire's latest financials announcement:
Clearwire Reports Fourth Quarter and Full Year 2009 Results
Key 2009 Highlights
•CLEAR(TM) 4G in 27 Markets Across the U.S. Covering 34 Million People, including: Chicago, Dallas, Las Vegas, Atlanta, Philadelphia, Seattle and Honolulu
•Total Fourth Quarter Subscribers of 688,000 including 642,000 Retail Subscribers and 46,000 Wholesale Subscribers from Comcast, Sprint, and Time Warner Cable
•Largest Net Add Quarter in Company's History; Fourth Quarter 2009 Retail Subscriber Growth of 87,000 Outpaced First Three Quarters Combined
•Total Subscribers in 4G Markets More than Doubled Sequentially to 438,000 at End of Fourth Quarter
•2009 Revenue Increases 19 percent to $274.5 Million compared with Pro Forma 2008
•Raised $4.3 Billion, including $1.6 Billion of Additional Financial Support from Strategic Investors, and Refinancing of Debt which Extended Maturity to Late 2015
Notice the FIRST city listed. FWIW, this is like listing ingredients on a food item. The greatest percentage ingredient is listed first, and incremently lesser marketshare in descending order. Chicago is Clearwire's #1 customer. When the numbers come out later in April, this stock (IVIT) will go very rapidly to .03-.08 cents a share. GLTA |
