Clearwire 2008 Annual Report Download - page 37

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W
i
t
h
respect to tra
d
emar
k
s, “C
l
earw
i
re” an
d
t
h
e assoc
i
ate
d
C
l
earw
i
re corporate
l
ogo, “C
l
earBus
i
ness,
”
“
ClearClassic,” “ClearPremium” and “ClearValue” are amon
g
our re
g
istered trademarks in the United States, an
d
w
e have issued or pending trademark registrations covering additional trademarks in the United States and all
c
ountr
i
es o
f
t
h
e European Un
i
on an
d
e
i
g
h
tot
h
er
j
ur
i
s
di
ct
i
ons.
E
mp
l
oyees
As of December 31, 2008, we had approximately 1,4
5
0 employees in the United States and approximatel
y
1
85 emplo
y
ees in our international operations. On Januar
y
1, 2009, we added approximatel
y
330 additional
e
mplo
y
ees that
j
oined us from the Sprint WiMAX Business.
O
ur emp
l
oyees enter
i
nto agreements conta
i
n
i
ng con
fid
ent
i
a
li
ty restr
i
ct
i
ons. We
h
ave never
h
a
d
a wor
k
s
toppa
g
e and no emplo
y
ees are represented b
y
a labor or
g
anization. We believe our emplo
y
ee relations are
g
ood
.
Our Cor
p
orate Informatio
n
We are a Delaware cor
p
oration. Our
p
rinci
p
al executive offices are located at 4400 Carillon Point, Kirkland,
W
ashin
g
ton 98033, and our telephone number is (42
5
) 216-7600. Our website address is http://www.clearwire.com.
ITEM 1
A.
Ris
k
F
a
ctor
s
We are an early stage company, and we expect to continue to realize significant net losses for the foresee
-
abl
e
f
uture.
We are at an ear
l
y stage o
fi
mp
l
ement
i
ng our
b
us
i
ness strategy. O
ld
C
l
earw
i
re an
d
t
h
e Spr
i
nt W
i
MAX Bus
i
nes
s
r
ecorded net losses in each reportin
g
period since their inception, and we cannot anticipate with certaint
y
what ou
r
e
arn
i
ngs,
if
any, w
ill b
e
i
n any
f
uture per
i
o
d
. However, we expect to cont
i
nue to
i
ncur s
i
gn
ifi
cant net
l
osses
f
or t
he
f
oreseea
bl
e
f
uture as we
d
eve
l
op an
dd
ep
l
oy our networ
ki
nnewan
d
ex
i
st
i
ng mar
k
ets, expan
d
our serv
i
ces an
d
p
ursue our business strate
gy
. We intend to invest si
g
nificantl
y
in our business before we expect cash flow from
operations will be adequate to cover our anticipated expenses. In addition, at this stage of our development we ar
e
s
u
bj
ect to t
h
e
f
o
ll
ow
i
ng r
i
s
k
s:
• our results of operations ma
y
fluctuate si
g
nificantl
y
, which ma
y
adversel
y
affect the value of an investmen
t
i
n Clearwire Class A Common Stock;
•wema
yb
e una
bl
eto
d
eve
l
op an
dd
ep
l
o
y
our next
g
enerat
i
on w
i
re
l
ess
b
roa
db
an
d
networ
k
, expan
d
ou
r
s
ervices, meet the ob
j
ectives we have established for our business strate
gy
or
g
row our business profitabl
y
,if
at all
;
•
b
ecause o
f
our
li
m
i
te
d
operat
i
n
ghi
stor
y
,
i
tma
yb
e
diffi
cu
l
t to pre
di
ct accurate
ly
our
k
e
y
operat
i
n
g
an
d
performance metrics utilized in bud
g
etin
g
and operational decisions
;
• our next generat
i
on w
i
re
l
ess
b
roa
db
an
d
networ
k
re
li
es on mo
bil
eW
i
MAX tec
h
no
l
ogy t
h
at
i
snewan
dh
as
n
ot
b
een w
id
e
ly d
ep
l
o
y
e
d
;an
d
• our network and related technolo
g
ies ma
y
fail or the qualit
y
and number of services we are able to provide
m
ay
d
ec
li
ne
if
our networ
k
operates at max
i
mum capac
i
ty
f
or an exten
d
e
d
per
i
o
d
o
f
t
i
me or
f
a
il
s to per
f
or
m
to our expectat
i
ons.
I
f we are unable to execute our business strategy and grow our business, either as a result of the risks identified
i
nt
hi
s sect
i
on or
f
or any ot
h
er reason, our
b
us
i
ness, prospects,
fi
nanc
i
a
l
con
di
t
i
on an
d
resu
l
ts o
f
operat
i
ons w
ill b
e
m
ater
i
a
lly
an
d
a
d
verse
ly
a
ff
ecte
d.
If
we
d
o not o
b
tain a
dd
itiona
lf
inancing, our
b
usiness
p
ros
p
ects,
f
inancia
l
con
d
ition an
d
resu
l
ts o
f
o
p
era-
t
ions wi
ll b
ea
d
verse
ly
a
ff
ecte
d.
We believe our cash, cash equivalents and short-term investments afford us adequate liquidit
y
for at least the
n
ext 12 months to fund workin
g
capital, operatin
g
losses, capital expenditures, and acquisitions, includin
g
spectru
m
acqu
i
s
i
t
i
ons. We a
l
so expect to requ
i
re su
b
stant
i
a
l
a
ddi
t
i
ona
l
cap
i
ta
li
nt
h
e
l
ong-term to
f
un
d
our
b
us
i
ness,
i
nc
l
u
di
ng
25