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Clearwire Q1 2010 Earnings Call Transcript

Friday, May 7, 2010

Clearwire (CLWR)

Q1 2010 Earnings Call

May 05, 2010 4:30 pm ET

Executives

John Saw - Chief Technology Officer and Senior Vice President

G. Sievert - Chief Commercial Officer

Erik Prusch - Chief Financial Officer

William Morrow - Chief Executive Officer and Director

Paul Blalock - Senior Vice President, Investor Relations

Analysts

Sid Parakh - McAdams Wright Ragen, Inc.

Jonathan Atkin - RBC Capital Markets Corporation

John Hodulik - UBS Investment Bank

Michael McCormack - JP Morgan Chase & Co

Simon Flannery - Morgan Stanley

Phil Cusick - Macquarie Research

Michael Rollins - Citigroup Inc

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the First Quarter 2010 Clearwire Corporation Earnings Conference Call. My name is Janeta, and I will be your operator for today. [Operator Instructions] I will now like to turn the conference over to your host for today, Mr. Paul Blalock, Vice President of Investor Relations. Please proceed.

Paul Blalock

Thank you, Janeta. Good afternoon, ladies and gentlemen, and I'd like to welcome you to our first quarter 2010 Financial Results Conference Call. With me today are Bill Morrow, our Chief Executive Officer; Erik Prusch, our Chief Financial Officer, who will discuss Clearwire's first quarter results. As a reminder to all listeners, today's call is being webcast live on the Clearwire Investor Relations website and will be archived on that site and available for replay shortly after we conclude. Hopefully, you've all had an opportunity to read the earnings press release we issued a few moments ago, which provides detailed financial information on Clearwire's first quarter results.

Today's call may contain forward-looking statements reflecting management's beliefs and assumptions concerning future events and trends in or expectations regarding financial results. Forward-looking statements include, among other things, our future financial and operating performance and financial condition, including projections and targets for 2010 and subsequent periods, subscriber growth, network development and market launch plans as well as strategic plans and objectives and the need for additional financing. These forward-looking statements are all based on currently available operating, financial and competitive information and are subject to various risks and uncertainties. Listeners are cautioned not to put undue reliance on any forward-looking statements as they are not a guarantee of future performance. Please refer to our press release and our filings with the SEC for more information concerning risk factors that could cause actual results to differ materially from those in the forward-looking statements. The company assumes no obligation to update any of these forward-looking statements.

I will now turn the call over to Bill Morrow.

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