Clearwire 2008 Annual Report Download - page 45

Th
e mar
k
et
p
rice o
f
C
l
earwire C
l
ass A Common Stoc
kh
as
b
een an
d
ma
y
continue to
b
evo
l
ati
l
e.
T
he tradin
g
price of Clearwire Class A Common Stock could be sub
j
ect to si
g
nificant fluctuations in price in
r
esponse to various factors, some of which are be
y
ond our control. These factors include:
• quarterly variations in our results of operations or those of our competitors, either alone or in comparison t
o
ana
ly
st’s expectat
i
ons;
• announcements
by
us or our compet
i
tors o
f
acqu
i
s
i
t
i
ons, new pro
d
ucts, s
ig
n
ifi
cant contracts, commerc
i
a
l
relationshi
p
sorca
p
ital commitments
;
• announcements b
y
us re
g
ardin
g
the enterin
g
into, or termination of, material transactions
;
•
di
srupt
i
on to our operat
i
ons or t
h
ose o
f
ot
h
er compan
i
es cr
i
t
i
ca
l
to our networ
k
operat
i
ons;
•t
h
e emergence o
f
new compet
i
tors or new tec
h
no
l
og
i
es
;
• mar
k
et percept
i
ons re
l
at
i
n
g
to t
h
e
d
ep
l
o
y
ment o
f
mo
bil
eW
i
MAX networ
k
s
by
ot
h
er operators
;
• our a
bili
t
y
to
d
eve
l
op an
d
mar
k
et new an
d
en
h
ance
d
pro
d
ucts on a t
i
me
ly b
as
i
s;
• seasona
l
or ot
h
er var
i
at
i
ons
i
n our su
b
scr
ib
er
b
ase
;
• commencement of, or our involvement in, liti
g
ation;
• availability of additional spectrum
;
•
dil
ut
i
ve
i
ssuances o
f
our stoc
k
or t
h
e stoc
k
o
f
our su
b
s
idi
ar
i
es,
i
nc
l
u
di
ng on t
h
e exerc
i
se o
f
outstan
di
n
g
warrants an
d
opt
i
ons, or t
h
e
i
ncurrence o
f
a
ddi
t
i
ona
ld
e
b
t;
• chan
g
es in our board or mana
g
ement
;
• adoption of new accountin
g
standards
;
• Sprint’s performance may have an effect on the market price of Clearwire Class A Common Stock eve
n
t
h
oug
h
we are a separate, stan
d
-a
l
one company;
•c
h
an
g
es
i
n
g
overnmenta
l
re
g
u
l
at
i
ons or t
h
e status o
f
our re
g
u
l
ator
y
approva
l
s;
•c
h
an
g
es
i
n earn
i
n
g
s est
i
mates or recommen
d
at
i
ons
by
secur
i
t
i
es ana
ly
sts
;
• announcements re
g
ardin
g
mobile WiMAX and other technical standards;
• the availabilit
y
or perceived availabilit
y
of additional capital and market perceptions relatin
g
to our access t
o
s
uc
h
cap
i
ta
l
;an
d
• genera
l
econom
i
c con
di
t
i
ons an
d
s
l
ow or negat
i
ve growt
h
o
f
re
l
ate
d
mar
k
ets
.
I
n addition, the stock market in
g
eneral, and the market for shares of technolo
gy
companies in particular, hav
e
e
xperienced price and volume fluctuations that have often been unrelated or disproportionate to the operating
p
er
f
ormance o
f
t
h
ose compan
i
es. We
b
e
li
eve t
h
epr
i
ce o
f
C
l
earw
i
re C
l
ass A Common Stoc
k
may
b
esu
bj
ect t
o
c
ont
i
nue
d
vo
l
at
ili
t
y
.Ina
ddi
t
i
on,
i
nt
h
e past,
f
o
ll
ow
i
n
g
per
i
o
d
so
f
vo
l
at
ili
t
yi
nt
h
e tra
di
n
g
pr
i
ce o
f
a compan
y
’s
s
ecurities, securities class action liti
g
ation or stockholder derivative suits have often been instituted a
g
ainst thos
e
c
ompanies. Such litigation, if instituted against us, could result in substantial costs and divert our management’s
attent
i
on an
d
resources
.
M
an
y
o
f
our com
p
etitors are
b
etter esta
bl
is
h
e
d
an
dh
ave signi
f
icant
ly
greater resources t
h
an we
h
ave,
w
hich may make it difficult to attract and retain subscribers
.
T
he market for broadband, voice and related services is hi
g
hl
y
competitive and we compete with several other
c
ompan
i
es w
i
t
hi
n eac
h
o
f
our mar
k
ets. Some o
f
our compet
i
tors are we
ll
esta
bli
s
h
e
d
w
i
t
hl
arger an
db
ette
r
developed networks and support s
y
stems, lon
g
er-standin
g
relationships with customers and suppliers,
g
reater nam
e
r
eco
g
nition and
g
reater financial, technical and marketin
g
resources than we have. Our competitors ma
y
subsidiz
e
c
ompet
i
ng serv
i
ces w
i
t
h
revenue
f
rom ot
h
er sources an
d
,t
h
us, may o
ff
er t
h
e
i
r pro
d
ucts an
d
serv
i
ces at pr
i
ces
l
ower
33