/// Intel Clears Out Some Of Its Clearwire Shares [NewEnterprise]

May 12, 2011  |  All Things Digital

Chipmaker Intel says in a regulatory filing that it plans to sell up to 10 million shares of its holdings in the Wi-Max wireless broadband concern Clearwire through its Intel Capital investment unit. The move will allow Intel to “rebalance its portfolio,” it says, and also yield some tax benefits. The move would reduce Intel’s holdings in Clearwire by a little less than 10 percent. As of the end of 2010, Intel Capital held about 10 percent of the equity in Clearwire, including more than 33 million of the Class A common stock, plus warrants on another 93,000 Class A shares. Clearwire’s 10-K shows that other Intel entities control another 65.6 million Class A shares and another 44 million shares of Class B Common stock.

Go here to see the original:
Intel Clears Out Some Of Its Clearwire Shares [NewEnterprise]

Leave a Reply

You must be logged in to post a comment.