BNET Industries

Market Cap:$1.1B
Last Fiscal Year Sales:$151.4M
  • Public
  • US
Dow Jones Description

Clearwire, founded in October 2003 by telecom pioneer Craig O. McCaw, is a provider of simple, fast, portable and reliable wireless high-speed Internet service. Clearwire customers connect to the Internet using licensed spectrum, thus eliminating the confines of traditional cable or phone lines. Headquartered in Kirkland, Wash., the company launched its first market in August 2004 and now offers service in 16 states across the U.S. as well as in Europe.

Chief Executive Officer
William T. Morrow
Number of Employees 1,990
Contact Information

4400 Carillon Point

Kirkland, Washington 98033

www.clearwire.c...

(425) 216-7600

NAICS Code Wireless Telecommunications Carriers (except Satellite): 517210

Recent Events

  • 4G Samsung Mondi Arrives in Dallas

    12/03/09 - Product Announcement - View Story

  • Clearwire Launches WiMAX Retail Sales in 10 Additional Markets

    12/02/09 - Product Announcement - View Story

  • Clearwire expands Internet service to Texas

    12/01/09 - Product Announcement - View Story

  • WiMax Blooms In Chicago, Seattle, Dallas

    12/01/09 - Mgmt. Change Entering - Director - View Story

  • Clearwire opens retail stores

    12/01/09 - Site Opening - View Story

  • Clearwire Launches Retail and Expands Sales for CLEAR 4G Mobile Internet Service in Honolulu and...

    12/01/09 - Merger / Acquisition - View Story

  • Clearwire shares rise following new financing

    12/01/09 - Bond / Stock Rating - View Story

  • Sex video search, Free porn movie site, porno...

    11/28/09 - Financial Announcement - View Story

  • Comcast says Clearwire reasonably likely to succeed in WiMAX rollout

    12/04/09 - New Investment - View Story

  • Clearwire prices $920M debt offering

    11/25/09 - Joint Venture / Alliance - View Story

  • Clearwire Raises $920 Million More To Fund WiMax Buildout

    11/25/09 - Board Member - Entering - View Story

  • Live sex video chat with nude webcam babes h...

    11/26/09 - New Investment - View Story

  • Clearwire: 555,000 Subscribers - 173,000 of which are new, Mobile WiMax users

    11/12/09 - Product Announcement - View Story

  • Sprint Expands 4G Network, Reduces Debt

    11/18/09 - New Investment - View Story

News & Analysis

clearwire corp. and financing - All News and Analysis

Decision Makers

Name (plus bio) Position
William T. Morrow Chief Executive Officer
Barry West President, International
Teresa Elder President, Strategic Partnerships & Wholesale
Erik Prusch Chief Financial Officer
John Saw Chief Technology Officer
Laurent Bentitou Chief People Officer
Perry S. Satterlee Chief Operating Officer
R. Gerard Salemme Executive Vice President, Strategy, Policy & External Affairs
Broady R. Hodder General Counsel, Vice President & Assistant Secretary
Christine M. Bertany Vice President, People Development
Hope F. Cochran Vice President, Finance & Treasury & Interim General Counsel
Greg Bell Clearwire's General Manager
Michael Wilson Clearwire's General Manager
Todd Twete Clearwire's General Manager
Scott Richardson Strategic Adviser

Board of Directors

Name (plus bio) Position
Craig O. McCaw Co-Chairman
Mr Benjamin G Wolff Co-Chairman
Daniel R. Hesse Board of Directors
Frank Ianna Board of Directors
Jose A. Collazo Board of Directors
Jose Luis Rodriguez Board of Directors
Nicolas Kauser Board of Directors
Peter L.S. Currie Board of Directors
Steven L. Elfman Board of Directors
Theodore H. Schell Board of Directors

"Mr. Morrow is a seasoned telecom industry executive with a diversified background leading wireline and wireless communications companies in the U.S., Europe and Japan. Prior to joining Clearwire on March 9, 2009, he served as President and CEO of Pacific Gas and Electric Company, a subsidiary of PG&E, where he oversaw a business with over $13 billion in annual revenue and more than 20,000 employees. During his tenure, he oversaw operations and successfully directed an overhaul aimed at improving the company’s efficiency, supply chain and customer focus, generating operational efficiencies and improved customer satisfaction. Before joining PG&E, Mr. Morrow held several leadership positions at Vodafone, the number two wireless provider in the world with more than 133 million subscribers. At Vodafone, he served as CEO for Europe overseeing global marketing, global technology and the largest operating businesses in the company portfolio. Before being named CEO, he held market level responsibility as president of Vodafone K.K. in Tokyo, CEO of Vodafone Ltd in the UK, and was President of Japan Telecom, the third largest telecom company in Japan. Earlier in his career, he held several strategy and operations positions with Vodafone in the U.S. and Europe, and several international leadership positions with AirTouch. He began his career at Pacific Bell, where he held several technology and engineering positions, including responsibility for company-wide operations of packet data products. "

Organization Position Status
Clearwire Corporation Chief Executive Officer Current
Pacific Gas and Electric Company President & Chief Operating Officer Former

Organization Position Status
Clearwire Corporation President, International Current
Clearwire Corporation President & Chief Architect Former

Organization Position Status
Clearwire Corporation President, Strategic Partnerships & Wholesale Current
Vodafone Group Plc Chief Executive Officer, Ireland Former

Organization Position Status
Clearwire Corporation Chief Financial Officer Current
Borland Software Corporation Chief Executive Officer Former
Borland Software Corporation Chief Financial Officer Former
Intuit, Inc. Vice President, Finance Former

As Clearwire’s senior vice president - chief technology officer, John Saw, Ph.D., is the chief architect of the company’s advanced wireless network infrastructure and technology, designed to deliver true wireless broadband performance in a mobile environment. Dr. Saw brings nearly 20 years of experience developing wireless networks and architectures to Clearwire, including pioneering work in the development and rollout of TDMA, GSM, CDMA and fixed wireless cellular infrastructure and microwave products. In addition, he was instrumental in developing AT&T Wireless’ digital wireless broadband product, one of the earliest OFDM-based wireless systems deployed that foreshadowed the subsequent development of the WiMAX 802.16 standards. Prior to assuming his current role, Saw served as Clearwire’s vice president of engineering since joining the company as its second employee. Before Clearwire, Saw held key engineering and technology executive positions with Netro Corp (now SR Telecom), AT&T Wireless (now AT&T Inc.), and Nortel. Saw also holds five U.S. patents in wireless technologies.

Organization Position Status
Clearwire Corporation Chief Technology Officer Current

Organization Position Status
Clearwire Corporation Chief People Officer Current
T-Mobile USA Inc. Vice President, Human Resources Former

As president of Clearwire, Perry Satterlee directs the company’s sales, network deployment, engineering, customer care, people development and IT operations. Under his leadership, Clearwire has designed and implemented one of the most sophisticated wireless technology deployments ever created for wireless broadband. Since joining Clearwire, Mr. Satterlee has built the company’s network footprint from its initial market deployment launched in Jacksonville, Florida, in August 2003 to more than 50 U.S. and three international markets. Satterlee was appointed president in January 2007 and chief operating officer in July 2004. Prior to assuming his current role, Satterlee served as co-president from October 2005 to January 2007. Satterlee, a wireless and telecommunications industry veteran, has worked in McCaw organizations for more than 20 years. Before joining Clearwire, he held a variety of key executive sales and operations positions with Nextel Partners, Nextel, AT&T Wireless Services, and McCaw Cellular.

Organization Position Status
Clearwire Corporation Chief Operating Officer Current
Clearwire Corporation Co-President Former
NEXTEL Communications, Inc. President, Pacific Northwest Area Former
Nextel Partners, Inc. Chief Operating Officer Former
Nextel Partners, Inc. Vice President, Sales and Marketing Former
McCaw Cellular Communications, Inc. Director of Planning Former
AT&T Wireless Services, Inc. Former

As executive vice president - strategy, policy and external affairs, Gerard Salemme oversees Clearwire’s spectrum strategy, acquisition and development, public policy agenda and local, state, federal, and international regulatory affairs and advocacy. Prior to assuming his current role at Clearwire, Salemme served as vice president and corporate secretary from November 2003 to April 2004. As the company’s senior policy executive, Salemme brings more than 30 years of telecommunications, government affairs, federal regulatory and public policy expertise to Clearwire. Salemme has held key executive positions at XO Communications, AT&T Corp., McCaw Cellular, and GTE Corporation/Sprint Corporation. At AT&T, Salemme directed the company’s federal regulatory public policy organization, including participation in the FCC’s narrowband and broadband PCS auctions. In addition, Salemme has served as the senior telecommunications policy analyst for the U.S. House of Representatives Subcommittee on Telecommunications and Finance, as chief of staff to Congressman Ed Markey of Massachusetts, and as a lecturer of economics at the University of Massachusetts at Salem. He is currently a principal of ERH, a vice president of ERI, and a director of and consultant to ICO and ICO North America.

Organization Position Status
Clearwire Corporation Executive Vice President, Strategy, Policy & External Affairs Current
McCaw Cellular Communications, Inc. Senior Vice President, External Affairs Former
AT&T Inc. Former
F.C.C. Co., Ltd. Former
Clearwire Corporation Board of Directors Former

As Clearwire’s senior vice president and general counsel, Broady R. Hodder is responsible for all legal matters at Clearwire. Prior to assuming his current role in May 2006, Mr. Hodder served as our vice president - legal, finance and corporate development, with primary legal responsibility for mergers and acquisitions, corporate finance and general corporate matters. Hodder was also named corporate secretary in June 2006. Prior to Clearwire, Hodder was a partner with the law firm of Davis Wright Tremaine LLP, a national law firm with more than 400 attorneys in nine offices across the U.S. and in Shanghai, China. While at Davis Wright Tremaine, Hodder advised clients on mergers and acquisitions, securities and corporate finance matters. Previously, Hodder was a lawyer with Gray Cary Ware & Freidenrich LLP and Lionel Sawyer and Collins Ltd.

Organization Position Status
Clearwire Corporation General Counsel, Vice President & Assistant Secretary Current

Organization Position Status
Clearwire Corporation Vice President, People Development Current

As senior vice president - finance and treasurer for Clearwire, Hope F. Cochran is responsible for the company’s finance, financial planning and strategy, and global treasury and cash management activities. Prior to joining Clearwire in November 2005, Ms. Cochran served as chief financial officer of Evant Incorporated, a planning and logistics software developer. With more than 10 years in key finance and accounting roles, Cochran previously served as Controller of the Americas – Sales Operations for PeopleSoft Inc., a leading developer of software solutions for human resource management, customer relationship management, manufacturing, financials, enterprise performance management and student administration software solutions sold to large corporations, governments and organizations. Earlier, Cochran was a founder and served as the chief financial officer of SkillsVillage, a contractor supply chain management software provider, until its sale to PeopleSoft, Inc. In both chief financial officer positions, Cochran managed corporate finance, accounting, human resources, legal and facilities activities. She began her career as an auditor at Deloitte & Touche LLP.

Organization Position Status
Clearwire Corporation Vice President, Finance & Treasury & Interim General Counsel Current

Organization Position Status
Clearwire Corporation Clearwire's General Manager Current

Organization Position Status
Clearwire Corporation Clearwire's General Manager Current

Organization Position Status
Clearwire Corporation Clearwire's General Manager Current

Organization Position Status
Clearwire Corporation Strategic Adviser Current
Clearwire Corporation Chief Strategy Officer Former

"Mr. McCaw has served as Chairman of Clearwire since November 2008. Mr. McCaw served as original Clearwire’s Chairman since he founded original Clearwire in October 2003. Previously, Mr. McCaw served as original Clearwire’s Chief Executive Officer from October 2003 until May 2006 and as original Clearwire’s Co-Chief Executive Officer from May 2006 to January 2007. Since May 2000, Mr. McCaw has served as a director and Chairman of ICO Global Communications (Holdings) Limited, which we refer to as ICO, and has served as a director of ICO North America, Inc. since December 2004. Mr. McCaw is also Chairman, Chief Executive Officer and a member of Eagle River Investments, LLC, Eagle River, and Eagle River, Inc., and its affiliates, which are private investment companies that focus on strategic investments in the communications industry. Mr. McCaw also currently serves as a director of RadioFrame Networks, Inc.. Mr. McCaw is a former director of Nextel Communications, Inc. and XO Communications, Inc., formerly known as NEXTLINK Communications, Inc. "

Organization Position Status
Clearwire Corporation Co-Chairman Current
Eagle River Board of Directors Current
Radioframe Networks, Inc. Board of Directors Current
McCaw Cellular Communications, Inc. Chief Executive Officer Former
XO Communications, Inc. Chief Executive Officer Former
Clearwire Corporation Co-Chief Executive Officer Former
Nextel Partners, Inc. Former
Nextnet Wireless, Inc. Former
McCaw Cellular Communications, Inc. Chairman Former
Teledesic LLC Chairman Former
XO Communications, Inc. Board of Directors Former
AboveNet, Inc. Board of Directors Former

"Benjamin G. Wolff is co-founder and co-chairman of Clearwire, one of the world’s largest providers of personal broadband and mobile Internet services. In 2003, Wolff joined wireless pioneer Craig O. McCaw and the original founders to organize Clearwire and complete some of the company’s earliest spectrum acquisitions. Since then, he has held several key roles before being named chief executive officer including: co-chief executive officer, president, and chief strategy officer. Preceding his executive roles for Clearwire, Wolff served as president and partner of Eagle River, Craig McCaw’s private investment company, which is focused on strategic investments and acquisitions in the communications industry, a position which Wolff continues to hold today. Prior to joining Eagle River, Wolff was a partner with Davis Wright Tremaine LLP where he represented communications and technology companies in mergers and acquisitions, corporate finance and strategic alliance transactions. While with Davis Wright Tremaine, he also co-chaired the firm's business transactions department, served on the firm's executive committee, and had primary responsibility for representing clients such as Allied Signal, Eagle River, Intel and Starbucks in various corporate and transactional matters. In 2003, Wolff was named one of the top 45 lawyers in the country under the age of 45 by American Lawyer magazine. As the primary architect of the Sprint transaction, Wolff received the “Industry Innovation Award” from the Wireless Communications Association (WCA). Wolff serves as chairman of ICO North America, a next-generation satellite communications company. He also serves on the executive committee and board of directors of CTIA, the International Association for the Wireless Telecommunications Industry. "

Organization Position Status
Clearwire Corporation Co-Chairman Current
Clearwire Corporation Chief Executive Officer Former
Clearwire Corporation Co-President Former
Clearwire Corporation Chief Strategy Officer Former
Davis Wright Tremaine LLP partner Former
Nextnet Wireless, Inc. member Former

Hesse had been chairman and CEO since Embarq's inception in 2006. Prior to the formation of Embarq, he served as CEO of Sprint's Local Telecommunications Division for one year before the spin-off that created Embarq. Hesse previously has spent 23 years at AT&T, including serving between 1997 and 2000 as the president and CEO of AT&T Wireless Services, which was then the United States' largest wireless operator. Hesse also has joined Sprint Nextel's board of directors.

Organization Position Status
Sprint Nextel Corporation President & Chief Executive Officer Current
YDI Wireless Inc. Board of Directors Current
Sprint Nextel Corporation Board of Directors Current
Clearwire Corporation Board of Directors Current
Embarq Corporation Chairman, President & CEO Former
AT&T Inc. chief executive officer of AT&T Wireless Services Former
Proxim Wireless Corporation chief executive officer Former
AT&T Inc. president Former
Proxim Wireless Corporation president Former
AT&T Inc. vice president Former
Proxim Wireless Corporation chairman Former
VF Corporation Board of Directors Former
Nokia Corporation Board of Directors Former
Massachusetts Institute of Technology Master of Science Former
Cornell University Master of Business Administration Former
University of Notre Dame Bachelor of Arts Former

Chief Executive Officer and Director, Attila Technologies LLC, a Technogenesis ® Company incubated at Stevens Institute of Technology. Mr. Ianna retired from AT&T in 2003 after a 31-year career serving in various executive positions, most recently as President of Network Services. Following his retirement, Mr. Ianna served as a business consultant, executive and board member for several private and nonprofit enterprises. Mr. Ianna is a director of Tellabs, Inc. and Clearwire Corporation. Mr. Ianna has served as one of our directors since March 2009.

Organization Position Status
Sprint Nextel Corporation Board of Directors Current
Clearwire Corporation Board of Directors Current
AT&T Network Services President Former
Stevens Institute of Technology Degree, Electrical Engineering Former
Tellabs, Inc. Board of Directors Former

Mr. Collazo has served as a director of Clearwire since November 2008. He has served as President – Products and Partners of BT Global Services, a division of BT Group plc, the world’s oldest telecommunications company, since 2007. Previously, Mr. Collazo served as Chairman, Chief Executive Officer and President of Infonet Services Corporation, a provider of international data, fax and voice communications solutions, from 1971.

Organization Position Status
Clearwire Corporation Board of Directors Current
BT Infonet Chief Executive Officer Former
Computer Sciences Corporation Former
BT Infonet Chairman Former
BT Infonet Board of Directors Former

Organization Position Status
Clearwire Corporation Board of Directors Current

Organization Position Status
Clearwire Corporation Board of Directors Current
Radioframe Networks, Inc. Board of Directors Current
TriQuint Semiconductor, Inc. Board of Directors Current
S5 Wireless, Inc. Board of Directors Current
Clearwire Corporation President of International Development and Operations Former
Clearwire Corporation Chief Technical Officer Former
McCaw Cellular Communications, Inc. Chief Technology Officer Former

Organization Position Status
Safeco Corporation Board of Directors Current
Tellme Networks, Inc. Board of Directors Current
Tellme Board of Directors Current
Clearwire Corporation Board of Directors Current
Sun Microsystems, Inc. Board of Directors Current
Netscape Communications Corporation CFO Former
McCaw Cellular Communications Chief Financial Officer Former
Netscape Network Chief Administrative Officer Former
McCaw Cellular Communications, Inc. chief financial officer Former
McCaw Cellular Communications, Inc. executive vice president Former
McCaw Cellular Communications Executive Vice President, Corporate Development Former
Netscape Network Executive Vice President Former
Netscape Communications Corporation Executive Vice President Former
Morgan Stanley Principal Former
CNET Networks, Inc. Board of Directors Former
ZANTAZ Inc. Board of Directors Former
Stanford University M.B.A. Former
Williams College B.A. Former

"Steve Elfman is president of network operations and wholesale at Sprint, with responsibility for technology and product development, Technology Services (the combined network and IT operations), wholesale operations and sprint.com. Elfman joined the Sprint senior leadership team in May 2008 from mobile data technology services company Motricity (formerly Infospace Mobile), where he was executive vice president of Infospace Mobile, then president and chief operating officer of Motricity. He also has held leadership positions at Terabeam, as executive vice president of operations, and AT&T Wireless, where he was chief information officer. A proven leader and innovator in wireless technology, Elfman has a wealth of expertise in wireless applications and Internet business models. This experience is especially valuable as Sprint continues to create a more open environment for application developers who want to take advantage of the power of the NOW Network, enabling customers with freedom to text, download a song, surf the Web and access and download the content they want, when they want it. Elfman graduated from the University of Western Ontario in Canada with a degree in Computer Science and Business. "

Organization Position Status
Sprint Nextel Corporation President, Network Operations and Wholesale Current
Clearwire Corporation Board of Directors Current
Motricity, Inc. President & Chief Operating Officer Former
AT&T Wireless Services, Inc. Chief Information Officer Former
Cingular Wireless Chief Information Officer Former
Proxim Wireless Corporation Executive Vice President of Operations Former
InfoSpace, Inc. Executive Vice President of Technology and Operations Former
InfoSpace, Inc. Executive Vice President, Mobile Division Former
InfoSpace, Inc. Board of Directors Former
The University of Western Ontario degree in Computer Science and Business Former

Organization Position Status
Associated Partners Managing Director Current
RCN Corporation Board of Directors Current
Clearwire Corporation Board of Directors Current
Signature Days Board of Directors Current
tw telecom inc. Director Current
Apax Partners Ltd. General Partner Former
Johns Hopkins School of Advanced International Studies MA Former
The Johns Hopkins University Undergraduate Degree Former
Council on Foreign Relations member Former

Executive News

  • Clearwire Shuffles Exec Deck

    Unstrung.com - 9/01/09 - View Story

  • Clearwire churns execs, hires ex-Borland boss as CFO

    Seattle Times - 9/01/09 - View Story

  • Clearwire Announces New Executive Appointments to Support 4G Deployment Across the United States

    TMC Net - 8/31/09 - View Story

  • Clearwire Announces New Executive Appointments to Support 4G Deployment Across the United States

    Business Wire - 8/31/09 - View Story

  • Recovery Act: Clearwire Applies for Stimulus Funds

    Unstrung.com - 8/26/09 - View Story

  • Brier Dudley Ex-telephone lineman expects Clearwire to climb higher

    Seattle Times - 8/25/09 - View Story

  • Ex-telephone lineman expects Clearwire to climb higher

    Seattle Times - 8/24/09 - View Story

  • Q&A with Clearwire CEO Bill Morrow

    Seattle Times - 8/24/09 - View Story

  • Clearwire Corp. (CLWR) reports 3rd Quarter ending September 2009 below estimates

    Earnings Whispers - 8/13/09 - View Story

  • Clearwire Gives Rosy Outlook Despite Slowdown

    Wireless Week - 8/13/09 - View Story

  • Clearwire Reduces Loss - Misses Revenue Expectations

    Cellular-News - 8/12/09 - View Story

  • Clearwire Notches 2Q Loss

    Information Week - 8/12/09 - View Story

  • Clearwire bets on fourth quarter for WiMax

    CNET News.com - 8/12/09 - View Story

  • Clearwire bets on 4Q WiMax tipping point

    ZDNet - 8/12/09 - View Story

  • Clearwire Maintains Business Outlook for 2010, Confirms 4G Customer Uptake

    Converge! Network Digest - 8/12/09 - View Story

  • Clearwire Promises Growth Spurt

    Unstrung.com - 8/12/09 - View Story

  • UPDATE: Clearwire CEO: Jump In 4Q Subscriber Growth Seen

    Morningstar.com - 8/11/09 - View Story

  • Clearwire's loss narrows, shares fall

    Reuters - 8/11/09 - View Story

  • UPDATE 2-Clearwire's loss narrows, rev misses, shares fall

    Reuters - 8/11/09 - View Story

  • Clearwire Loss Narrows In Q2 - Update

    TradingMarkets - 8/11/09 - View Story

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     CLWR $5.84 -0.11 (-1.85% )
Average Volume 2,206,890
Shares Outstanding 195.96M
Market Cap 1.1B
Year High 9.42
Year Low 2.64
Earnings Per Share -2.05
P/E Ratio -2.85
Dividend N/A
Yield N/A
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