Intel Writes $950 Million Off Clearwire Investment, Time Warner $350 Million

Intel (NSDQ: INTC) will take an impairment charge of $950 million on its investment in Clearwire (NSDQ: CLWR), whose shares ended the year below $5 after starting the year above $12. Time Warner (NYSE: TWX) also reported an expected $350 million loss on its investment in Clearwire (Business Journal).

Intel made the investment with the intention of increasing the market for its chips, and while this isn’t a cash loss, it will affect the books. “Under current accounting rules, a company has to test for

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