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Blog: John Myers

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Past Performance or Future Results

On Friday there was an interesting note about Craig McCaw's Clearwire LLC's IPO. While most telecom news organizations noted the Thursday positive performance of Clearwire's IPO. However, on Friday, the Clearwire shares were off by 9.42% and Dan Jones from Unstrung was the only major telecom news outlet to make mention of the disappointing performance.

While I am not in position to criticize the historical or future performance of Craig McCaw's business acumen, it appears that the Thursday's performance of the stock and the telecom news about the IPO were riding on McCaw's past. Friday's stock performance may be a pull back from the McCaw name.... Then again it could just be the "re-adjustment" of the stock price after the initial surge and McCaw will have a better outing with Clearwire than he did with his initial wireless effort.

Note - Remember I am the guy who said that there's never any excitement during the first kickoff at the Super Bowl... And that statement was waaaay off... :)

Technorati Tags: Clearwire, Craig McCaw, Unstrung

  Posted by jmyers on March 12, 2007 8:00 AM |

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