Clearwire 2008 Annual Report Download - page 69

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va
l
ue o
f
a
fi
nanc
i
a
li
nstrument
i
s
d
epen
d
ent on t
h
eava
il
a
bili
t
y
o
f
quote
d
mar
k
et pr
i
ces or o
b
serva
bl
e mar
k
e
t
p
arameters. For financial instruments that trade activel
y
and have quoted market prices or observable market
p
arameters, t
h
ere
i
sm
i
n
i
ma
l
su
bj
ect
i
v
i
ty
i
nvo
l
ve
di
n measur
i
ng
f
a
i
rva
l
ue. W
h
en o
b
serva
bl
e mar
k
et pr
i
ces an
d
p
arameters are not
f
u
ll
yava
il
a
bl
e, management
j
u
d
gment
i
s necessary to est
i
mate
f
a
i
rva
l
ue. In a
ddi
t
i
on, c
h
anges
i
n
t
he market conditions ma
y
reduce the availabilit
y
and reliabilit
y
of quoted prices or observable data. In thes
e
i
nstances, we use certa
i
n uno
b
serva
bl
e
i
nputs t
h
at cannot
b
eva
lid
ate
db
yre
f
erence to a rea
dil
yo
b
serva
bl
e mar
k
et o
r
e
xc
h
an
g
e
d
ata an
d
re
ly
, to a certa
i
n extent, on mana
g
ement’s own
j
u
dg
ment a
b
out t
h
e assumpt
i
ons t
h
at mar
k
et
p
articipants would use in pricin
g
the securit
y
. These internall
y
derived values are compared with non-bindin
g
values received from brokers or other inde
p
endent sources
.
5
7
C
LEARWIRE
CO
RP
O
RATI
O
N AND
SU
B
S
IDIARIE
S
MANAGEMENT’
S
DI
S
CU
SS
ION AND ANALY
S
I
S
OF FINANCIAL CONDITION
A
ND RESULTS OF OPERATIONS —
(
Continued
)