Clearwire Digs its Foxhole to Fight for its Life.

"Yesterday Clearwire said in order to conserve its cash it would cut 15 percent of its workforce, delay the launch of some handsets and stop prepping new markets outside of those needed to hit its original launch goals. It expects those steps to save it $100 million to $200 million this year and a similar amount during the first half of 2011. Many analysts have long been convinced that the operator, which has raised billions in equity and through a public offering, is still undercapitalized."