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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 175.99+1.8%3:45 PM EST
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From: Bill Wolf3/17/2010 11:36:09 AM
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Sprint to Unveil First WiMax Phone
By ROGER CHENG

Sprint Nextel Corp. is expected to unveil the first phone compatible with its fourth-generation mobile network at a wireless conference next week, according to people familiar with the matter.

The device, made by HTC Corp. and dubbed the Supersonic, represents Sprint's latest and biggest bet that its WiMax network and promises of a speedier wireless connection will reverse the struggling carrier's fortunes. The company is racing to make WiMax services, which are run by partner Clearwire Corp., available to more people as it hopes to exploit its temporary lead over the next-closest carrier with 4G aspirations.

The device is expected to be the centerpiece of a presentation made by Chief Executive Dan Hesse during the CTIA Wireless trade show Tuesday. Sprint and HTC declined to comment.

The Overland Park, Kan., wireless carrier increasingly has made WiMax the focal point of the company's strategy. "Expanding the coverage of 4G in 2010 will be an important catalyst for continued improvement in Sprint's post-paid subscriber results," Mr. Hesse said during the last quarterly conference call.

Earlier this month, Sprint said it changed its short-term incentive plan for employees, making new WiMax customers a priority. In January, it unveiled the Overdrive, a mobile Wi-Fi hotspot that runs on both the 3G and WiMax network.

The company previously said it plans to start selling a WiMax phone this summer.

Write to Roger Cheng at roger.cheng@dowjones.com
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