Google plans to sell off stake in Clearwire at a steep loss
It was just under four years ago that Sprint and Clearwire brought together an impressive group of companies as part of a multi-billion dollar partnership to back the WiMAX service provider, but it’s safe to say that things haven’t quite worked out as planned in the years since. While Clearwire is of course still up and running, its WiMAX-based network has faced an uphill battle against other carriers’ LTE-based networks, which even Sprint and Clearwire itself have been switching to. Now one of those partners, Google, has decided to offload its stake in Clearwire at a steep loss. According to an SEC filing, Google will be selling off its shares at a price of $1.60 each, or just over $47 million in all — that’s compared to the $500 million it spent to invest in the company. Not surprisingly, that has caused Clearwire’s shared to take a tumble. As of this writing, shares in the Washington-based company were down almost six percent.
Google plans to sell off stake in Clearwire at a steep loss originally appeared on Engadget on Fri, 24 Feb 2012 11:36:00 EDT. Please see our terms for use of feeds.
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Cleverly Adapted to a Steep Terrain: Casa Cambeses
Casa Cambeses was developed by architects Rui Grazina and is located on a 3300 square meter inclined surface in Cambyses, Barcelos, Portugal. The residence stands out due to an original concrete exterior and a few interesting landscape architecture details. Given the steep terrain condition, the 300 square-meter dwelling has two levels oriented to the east and one to the west. This side is buried and generates an underground floor. The residence is divided in two functional areas: the living and dining spaces are accommodated by the left side of the building, while the bedrooms are located on the right. The interior design is minimalist, achieved in a contemporary fashion. Floor to ceiling windows ensure a good indoor outdoor connection. Have a look and tell us what details you appreciate when it comes to the design of this project. [Photography by Nelson Garrido]
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