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Link: Intel Fourth-Quarter Sales Drop 23%, Missing Forecast | Bloomberg.com

Decline is worse than any period before, including the tech bubble implosion. Intel indicated Q4 would be $10B in October, $9B in November, and this report indicates it came in at $8.2B. Intel also marked down its $1.6B Clearwire investment by $950M. With a blow like this we think it is a safe bet that Intel's adventures in WiMAX are over, and as a result, WiMAX is over.

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