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up 12.64 %

CLEARWIRE CORPORATION (CLWR) upgraded to Hold with price target $13 by Citigroup

Posted on: Tuesday,  Jun 24, 2008  8:25 AM ET by Citigroup

Citigroup rated Hold CLEARWIRE CORPORATION (NASDAQ: CLWR) on 06/24/2008. Previously Citigroup rated Sell CLEARWIRE CORPORATION (NASDAQ: CLWR) on 05/08/2008., when
the stock price was $14.88. Since then, CLEARWIRE CORPORATION has lost 11.22% as of 06/24/2008's recent price of $13.21.
If you would have followed the previous Citigroup's recommendation on CLWR, you would have gained 12.64% of your investment in 47 days.

Clearwire Corporation builds and operates wireless broadband networks that enable Internet communications. Its wireless broadband networks cover entire communities and deliver a high-speed Internet connection that not only creates a new communications path into the home or office, but also provides a broadband connection anytime and anywhere within its coverage area. It offers services in both domestic and international markets. The Company?s services consist primarily of providing wireless broadband connectivity, but in some of its domestic markets, it also offers voice-over Internet protocol (VoIP) telephony services. As of December 31, 2008, The Company operated its networks in 51 markets in the United States and Europe covering approximately 18.2 million people, and as of December 31, 2008, it had approximately 475,000 wireless broadband subscribers. The Company?s networks in the United States were deployed in 47 markets and covered an estimated 15.3 million people.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/24/2008 8:25 AM Hold
13.21 13.00
as of 12/31/2008
1 Week   
1 Month up  9.96 %
3 Months down  -47.04 %
1 YTD down  -38.66 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/8/2008 8:25 AM Sell
14.88 13.00

(*) Stock Price at the time of the recommendation.
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