Clearwire burns more cash in WiMAX buildout - InternetNews.com

Big names have wagered billions on a WiMAX deployment that not only has yet to see a profit -- its net losses are running into the billions.

It's a situation rarely seen outside of the airline industry and more recently, financial and automotive companies. But that's what WiMAX player Clearwire (NASDAQ: CLWR) now faces, today gave an update on the red ink in its second-quarter report...