Intel Capital's announcement two weeks ago that its president, Arvind Sodhani, would resign his board seat at wireless broadband operator Clearwire Corp. because of potential conflicts of interest raised questions about the chipmaker's commitment to Clearwire's WiMax strategy. It was odd, because Intel seldom takes board seats with portfolio companies, but its 30% stake in publicly traded Clearwire was clearly not a typical Intel Capital holding.
Turns out, the potential conflict is specifically with Intel Capital, not its parent company, as Intel will replace Sodhani with another executive on the board. TheStreet.com's Alexei Oreskovic speculates on various scenarios, most pointing to a deeper relationship between the two companies rather than a distancing. - Clifford Carlsen
See Jan. 2 post on VCRatings
See Jan. 8 story from TheStreet.com
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