Intel, Motorola Invest $900m in WiMAX

ntel and Motorola said Wednesday that they would invest $900 million in Kirkland, Wash. based Clearwire, a company that sells wireless access based on an early version of WIMAX technology In 26 markets. Intel will invest $600 million, while Motorola would purchase the company's hardware business, as well as contribute part of the remaining $300 million.