CLWR Lower Following Reports Sprint May Be In Partnership Talks With Lightsquared

Shares of Clearwire Corporation (CLWR) are currently down 9.07% at $4.82 per share during Wednesday afternoon trading. Weakness being attributed to a Bloomberg report that says Sprint Nextel Corp. (S) and Philip Falcone’s LightSquared Inc. wireless venture may be in talks over network deal. “LightSquared is in discussions to use Sprint Nextel Corp.’s cell sites [...]