CLWR: Clearwire Report Strong on Hyperbole
Clearwire Reports Record First Quarter 2007 Results:
Clearwire Corporation (CLWR) today reported record results in several key business indicators at the end of the first quarter of 2007, demonstrating replicable and scalable market performance as the company expands the reach of its simple, high-speed and portable wireless broadband service.
We should hope the results set a record, as they are the first the company has filed since coming public. As we noted in our earnings preview, “expected to lose money for the foreseeable future, earnings are less important than indications it is not the next Vonage.”
And on that latter front, a company that breathlessly describes its initial earnings report as a “record” and and resorts to adjusting even EBITDA (Earnings Without Expenses, anyone?) is not off to a good start.
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