WiMax Creates Huge Investment Opportunities

Wireless Internet is pretty sweet. But its not perfect, in fact its far from it. The range on most wireless is in the hundreds of feet, providing little maneuverability and restricting use. While you can easily get service anywhere within your home, getting service anywhere around town is nearly impossible, unless your lucky and your town has wireless. WiMax is a joint venture between some tech giants, Google (GOOG), Time Warner (TWX), Intel (INTC), Sprint Nextel (S) and also the lesser known Clearwire (CLWR). The basic idea is creating a wireless network that has the range of a cell phone (several miles) with greater bandwidth than current wireless networks. While there have been a few attempts at similar projects before, this one may be different due to the huge players involved. While it poses some upside for these big companies, it may do the most for the smaller Clearwire. Clearwire is a builder and manager of broadband networks. It stands to profit hugely if WiMax succeeds, as it would probably be acquired by Sprint, or another of the larger backers.
WiMax may become the next step in communication, and the seriousness of this venture can be seen by the involvement of Google, Time Warner and Intel. This deal, if successful, will change the way that we communicate, and also will change the mobile phone market, as demand for this product will sky rocket. Getting a little exposure, or at least keeping tabs on this story, is a good bet.