The Wireless Weblog

The AP's Jessica Mintz reports that Craig McCaw's WiMax venture, Clearwire, "landed with a thud on Wall Street" today after critics suggested the company's shares were overpriced. The ticker symbol is CLWR.

"Clearwire Corp., a wireless Internet service provider based in Kirkland, Wash., raised $600 million in an initial public offering Wednesday night," Mintz writes. "Shares fell 38 cents, or 1.5 percent, in their first day of trading to close at $24.62 on the Nasdaq Stock Market. Clearwire's fall was a sharp reversal of this year's IPO trends. On the first day of public trading, shares have gained an average of 5 percent."

More here from Reuters … and more here from MarketWatch.

• The Gambling Weblog: Bush Wants To Bail Out Corporate Gamblers
• Clearwire Quietly Launches WiMax PC Card in Seattle
• Bye Bye Xohm, Hello Clearwire
• Clearwire Gets $900 Million, Cancels IPO
• Looking at WiMax After the Clearwire IPO
• Sox First: Wall Street touted BP stock during the Gulf crisis
• Anaheim Students to Compete for Wi-Fi
• Azaire's Flexible FMC Solution: Too Early to Market?
• Sprint and Clearwire to Launch WiMax Joint Venture
• Clearwire Raises $920 Million
• Clearwire (Re-)Files for IPO
• Clearwire Heading to Taiwan?
• Clearwire Gets FCC Approval for WiMax PC Card
• Sox First: Why smart investors fall for scams
• Sprint Considering Merger with Clearwire