Intel-backed wireless communications company Clearwire says its $1.38bn in cash unlikely to be enough for the next 12 months' expenses.
Clearwire, a Nasdaq-listed wireless communications company backed by Intel Capital, the corporate venturing unit of semiconductor company Intel, has said its near-$1.4bn in cash and available assets was unlikely to be enough to cover its spending over the next 12 months.
In a regulatory filing, Clearwire said: "As of September 30, we had available cash and short-term investments of approximately $1.38bn. Based on our current projections, we do not expect our available cash and short-term investments as of September 30, to…
