Clearwire 2009 Annual Report Download - page 42

Th
ein
d
ustries in w
h
ic
h
we o
p
erate are continua
lly
evo
l
ving, w
h
ic
h
ma
k
es it
d
i
ff
icu
l
t to eva
l
uate ou
r
future prospects and increases the risk of your investment. Our products and services may become obso
-
l
ete, an
d
we ma
y
not
b
ea
bl
eto
d
eve
l
o
p
com
p
etitive
p
ro
d
ucts or services on a time
ly b
asis or at a
ll.
T
he broadband services industr
y
is characterized b
y
rapid technolo
g
ical chan
g
e, competitive pricin
g
, frequent
n
ew service introductions, evolving industry standards and changing regulatory requirements. Additionally, ou
r
pl
anne
dd
ep
l
o
y
ment o
f
4G tec
h
no
l
o
gy d
epen
d
sont
h
e cont
i
nue
dd
eve
l
opment an
dd
e
li
ver
y
o
f
commerc
i
a
lly
s
u
ffi
c
i
ent quant
i
t
i
es o
f
networ
k
equ
i
pment an
d
su
b
scr
ib
er
d
ev
i
ces
b
ase
d
on t
h
e 4G tec
h
no
l
o
gy
stan
d
ar
df
rom t
hi
r
d
-
p
arty suppliers. We believe that our success depends on our ability to anticipate and adapt to these and othe
r
ch
a
ll
en
g
es an
d
to o
ff
er compet
i
t
i
ve serv
i
ces on a t
i
me
ly b
as
i
s. We
f
ace a num
b
er o
f diffi
cu
l
t
i
es an
d
uncerta
i
nt
i
e
s
assoc
i
ate
d
w
i
t
h
our re
li
ance on
f
uture tec
h
no
l
o
gi
ca
ld
eve
l
opment, suc
h
as
:
•ex
i
st
i
ng serv
i
ce prov
id
ers may use more tra
di
t
i
ona
l
an
d
commerc
i
a
ll
y proven means to
d
e
li
ver s
i
m
il
ar o
r
alternative services;
• new serv
i
ce prov
id
ers may use more e
ffi
c
i
ent,
l
ess expens
i
ve tec
h
no
l
og
i
es,
i
nc
l
u
di
ng pro
d
ucts not ye
t
i
nvented or develo
p
ed;
• consumers ma
y
not su
b
scr
ib
e to our serv
i
ces or ma
y
not
b
ew
illi
n
g
to pa
y
t
h
e amount we expect to rece
i
ve
f
o
r
our serv
i
ces;
• we may not
b
ea
bl
e to rea
li
ze econom
i
es o
f
sca
l
e
;
• our su
b
scr
ib
ers may e
l
ect to cance
l
our serv
i
ces at rates t
h
at are greater t
h
an we expect
;
•wema
y
be unable to respond successfull
y
to advances in competin
g
technolo
g
ies in a timel
y
and cost-
eff
ect
i
ve manner
;
•wema
y
lack the financial and operational resources necessar
y
to enable the development and deplo
y
ment of
n
etwork components and software that do not currently exist and that may require substantial upgrades to o
r
rep
l
acements o
f
ex
i
st
i
n
gi
n
f
rastructure; an
d
•ex
i
st
i
ng, propose
d
or un
d
eve
l
ope
d
tec
h
no
l
og
i
es may ren
d
er our ex
i
st
i
ng or p
l
anne
d
serv
i
ces
l
ess pro
fi
ta
ble
or o
b
so
l
ete
.
As our services and those offered by our competitors develop, businesses and consumers, including our current
s
u
b
scr
ib
ers, ma
y
not accept our serv
i
ces as an attract
i
ve a
l
ternat
i
ve to ot
h
er means o
f
rece
i
v
i
n
g
w
i
re
l
ess
b
roa
db
an
d
s
er
vi
ces
.
I
f we do not obtain and maintain rights to use licensed spectrum in one or more markets, we may b
e
u
na
bl
etoo
p
erate in t
h
ese mar
k
ets, w
h
ic
h
cou
ld
a
d
verse
ly
a
ff
ect our a
b
i
l
it
y
to execute our
b
usines
s
st
ra
t
eg
y.
T
o offer our services using licensed spectrum both in the United States and internationally, we depend on our
a
bili
t
y
to acqu
i
re an
d
ma
i
nta
i
nsu
ffi
c
i
ent r
igh
ts to use spectrum t
h
rou
gh
owners
hi
por
l
on
g
-term
l
eases
i
n eac
h
o
f
t
he
m
ar
k
ets
i
nw
hi
c
h
we operate or
i
nten
d
to operate. O
b
ta
i
n
i
n
g
t
h
e necessar
y
amount o
fli
cense
d
spectrum
i
nt
h
ese
m
arkets can be a lon
g
and difficult process that can be costl
y
and require a disproportionate amount of ou
r
r
esources. We may not
b
ea
bl
e to acqu
i
re,
l
ease or ma
i
nta
i
nt
h
e spectrum necessary to execute our
b
us
i
ness strategy.
In a
ddi
t
i
on, we
h
ave
i
nt
h
e past an
d
ma
y
cont
i
nue to spen
d
s
ig
n
ifi
cant resources to acqu
i
re spectrum
i
na
ddi
t
i
ona
l
o
r
e
xistin
g
markets, even if the amount of spectrum actuall
y
acquired in certain markets is not adequate to deplo
y
our
n
et
w
or
k
on a commerc
i
a
lb
as
i
s
i
na
ll
suc
h
mar
k
ets
.
Usin
g
licensed spectrum, whether owned or leased, poses additional risks to us, includin
g:
• inabilit
y
to satisf
y
build-out or service deplo
y
ment requirements on which some of our spectrum licenses o
r
leases are, or may be, conditioned, which may result in the loss of our rights to the spectrum subject to the
requ
i
rements;
• adverse chan
g
es to re
g
ulations
g
overnin
g
our spectrum ri
g
hts;
32