Intel Dumping $2 Billion Into WiMax

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The rumored Sprint/Clearwire WiMax reunion is apparently coming with a wedding gift from Intel: $2 billion. Given Sprint's shaky legs and Clearwire's teeniness, they're gonna need it to get to WiMax on track for national deployment (it's why we were thought they were doomed to be together in the first place).

Especially since it seems unlikely that Best Buy or Google will heed their sorta desperate call for cash. Google's got 700MHz spectrum on its plate, and logically, WTF would Best Buy want with WiMax? Intel's already heavily invested and support will be in their next mobile chipset, so it makes sense they would toss more money into the massive, sucking hole that will be the Sprint/Clearwire venture. [The Street via Broadband Reports]