So today we learn that Intel Capital is investing a whopping $600 Million in Clearwire, a startup allegedly deploying WiMax technology far and wide.
A Google News search will turn up a number of MSM articles like this one from Reuters (I don't know how long the link will last, but there are many more like it) that essentially regurgitate the press release.
TechDirt, in one headline, sums up the story behind the story of what may be Intel Capital's biggest bet to date:
Intel Gives Clearwire $600 Million To Avoid Making WiMax Look Bad
And provides a concise, to-the-point paragraph of analysis that explains just what is going on. Bravo, TechDirt.