http://gadgetblips.dailyradar.com/phones/wimax/ The Web's top WiMax news from GadgetBlips - find more at http://gadgetblips.dailyradar.com/phones/wimax/ en GadgetBlips http://backend.userland.com/rss http://images.dailyradar.com/media/img/gadgetblips/logo_120x60.png http://gadgetblips.dailyradar.com/phones/wimax/ 120 60 http://gadgetblips.dailyradar.com/article/clearwire-ubs-upgrades-on-reduced-funding-risks/ <p> Clearwire (CLWR) shares are getting a boost from UBS analyst John Hodulik , who this morning upped his rating on the stock to Neutral from Sell, raising his price target to $6, from $3. The stock closed Monday at $5.66. Hodulik says that recent financings by the company have lowered the risk for the development stage, WiMax-based broadband wireless provider - and increased the opportunity. He notes that it now has about $4.8 billion in cash to fund its expansion plans. &#8220;The capital raise largely eliminates the funding risk while likely getting CLWR running in additional markets sooner than expected,&#8221; he writes. &#8220;We expect revisions to the company&#8217;s existing build-out plans in the coming months.&#8221; CLWR today is up 34 cents, or 6%, to $6. </p><p>Find more top gadget news, videos, and blogs on GadgetBlips: <a href="http://gadgetblips.dailyradar.com/phones/">Phones</a>, <a href="http://gadgetblips.dailyradar.comhttp://gadgetblips.dailyradar.com/phones/wimax/">WiMax </a></p> http://gadgetblips.dailyradar.com/article/clearwire-ubs-upgrades-on-reduced-funding-risks/ Tue, 1 Dec 2009 15:33:44 +0000 Phones WiMax