FAST MONEY FEATURES
FAST MONEY POLLGet in the post game. Respond to our
"Question of the Day" right now.
TRADER RADAR Which stock should be on your screen? Follow the clues to solve this puzzle.
TRADE SCHOOLGrab a pencil because school is in session and the Fast Money traders are teaching class.
EMERGING MONEY TOP 20
Fast Money's index for the world.
FAST MONEY PODCASTSDownload Fast Money onto your MP3 Player.
FAST MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
SHOP FOR FAST MONEY MERCHANDISEGet your game on with Fast Money gear.
FAST MONEY PHOTOS!Check out our scrapbook. These "pix" are guaranteed winners.
NEWSLETTERSign up and receive a recap email every Friday after the show!
FAST MONEY MOBILE ALERTSGet advanced information about the next Fast Money.
 |
In two years you could be downloading Iron Man or posting on your blog under a tree, on a city bus or nearly anywhere for that matter. And it will take only seconds on your iPhone or new ultra-thin laptop.
How’s that possible? The next generation of high-speed wireless took a giant leap forward Wednesday when Sprint Nextel [S
Loading...
(%)
] teamed up with Clearwire [CLWR
Loading...
(%)
] in a multi-billion dollar partnership to bring WiMax technology to 140 million people by 2010. WiMax is five times faster than existing technologies and can blanket entire cities.
The venture is attracting some major players. It’s backed by tech titans Google[GOOG
Loading...
(%)
] and Intel [INTC
Loading...
(%)
] as well as cable kings Time Warner [TWC
Loading...
(%)
] and Comcast [CMCSA
Loading...
(%)
].
So how can you make ultra-fast money in this new ultra-fast wireless world?
I think you can look at American Tower [AMT
Loading...
(%)
] or Crown Castle [CCI
Loading...
(%)
], counsels Pete Najarian for the buildout.
I sold Clearwire on the news, counters Karen Finerman.
Smart move, exclaims Jeff Macke. And stay away from Sprint – they never seem to get anything right. I think the only "buy" is Intel because they’re doing the chip work. They’ll actually make some money on the deal.
Check Out These Other Posts |
______________________________________________________
Got something to say? Send us an e-mail at and your comment might be posted on the Rapid Recap! If you'd prefer to make a comment but not have it published on our website send your message to .
Trader disclosure: On May 7, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Adami Owns (C), (GS), (INTC), (MSFT), (AGU), (NUE), (BTU); Pete Najarian owns (AAPL), (C) Calls, (ENER), (MSFT) Calls, (TSO), (XLF), (YHOO) Calls; Macke Owns (INTC), (DIS0, (ATVI), (MSFT); Finerman’s Firm is Short (IYR), (IJR), (SPY), (MDY), (IWM), Owns SPX Index Puts, (AEO), (MSFT), (NYX), (PLCE), (TSO), (VLO), (YHOO) and (YHOO) Call Spreads, Finerman Owns (GS), Finerman and Finerman’s Firm Own (C)
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes