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Clearwire and new parent company Sprint Nextel certainly share one thing in common — operating losses. In an earnings announcement today, Clearwire posted a 76 percent increase in revenue compared to the same quarter last year for a total of $51.5 million. But while the company's stock tipped up slightly, it ultimately posted a loss of $1.08 per share, thirteen cents higher than analyst expectations. But with investment pouring in thanks to the deal with Sprint Nextel, these numbers may mean little. The real news? "With respect to our recent announcement to combine Clearwire and Sprint's mobile WiMAX businesses to form the new Clearwire, we expect the transaction to close during the fourth quarter of 2008," said Clearwire CEO Ben Wolff.(Photo by AP/Marco Garcia)