Craig McCaw's year-end resignation as chairman of Clearwire (Nasdaq: CLWR) has raised some concerns about the viability of a company on which cable is betting some, if not all, its broadband mobile wireless hopes. The 61-year-old McCaw, a wireless pioneer, announced his departure on Friday. The company said it wasn't the result of any disagreement.
"He is Clearwire," Michael Mahoney, senior managing director of Falcon Point Capital told Bloomberg. "So you sort of think, 'Geez, are they going under?'"
For more:
- Bloomberg has this story
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