This would make investors in Clearwire (NASDAQ:CLWR) a lot of money, says Andrew Snyder. The company is in partnership with Sprint Nextel (NYSE:S) to develop the project, which has financial backing from several major internet companies.

Andrew says investors should be ready for CLWR to soar if the Baltimore experiment is a success.

This from Today’s Financial News:

It is hard to get back to fundamental investing after all of this psychological turmoil has disrupted the markets. But with all major American indices virtually flat today, it is apparent the markets are worn out and ready to get back to some semblance of normalcy.

We must get back to basics. That means uncovering news stories, following earnings reports, and searching for undervalued treasures. It looks as though I may have found one in Clearwire Corporation (NASDAQ:CLWR).

The company is making news with its partnership with Sprint Nextel (NYSE:S) that focuses on creating a WiMax blanket across the country. Thanks to funding from industry heavy-hitters like Intel (NASDAQ:INTC), Google (NASDAQ:GOOG), Comcast (NASDAQ:CMCSA) and Time Warner (NYSE:TWX), the firms’ vision of a nationwide wireless Internet connection, or at least the very first step, is about to come true.

When folks from right here in Baltimore wake up tomorrow, there will be something new in the air. They will not be able to feel it. They won’t be able to smell it. And they won’t be able to hear it. But it will be there and it will allow them to wirelessly connect to the Web from nearly anywhere in the quickly growing city.

It is about time

Clearwire and Sprint have had an on-again-off-again partnership relating to the WiMax role out, but thanks to the industry funding I mentioned above, the revolutionary technology is finally making its way onto the market. Tomorrow’s role out in Baltimore will be the first of its kind in the country.

If it is successful, cities like Chicago and Washington D.C. will be the next to go online and eventually the entire country will have access to the signal. More importantly, if the new wireless network is successful, Clearwire (which is expected to purchase Sprint’s share of the program later this year) will do quite well.

Right now, the company is valued at $1.3 billion. If it can monopolize the nation’s wireless Internet market, that valuation will increase multi-fold. Thanks to the country’s economic turmoil, investors have a shot at Clearwire at a discount. Right now, shares are trading for just under $10. Last week, they were worth $12.50.

If the introduction of WiMax in Baltimore is a success, Clearwire could be catapulted to the top of its industry. There are few competitors moving in the same direction and huge possibilities for the company if it decides to grow.

Clearwire could provide everything that is great about the Internet on an entirely mobile network. Information, phone service, email, movies, news, and so on would be available anywhere under the WiMax blanket.

It is easy to see why investors need to keep a close eye on this company and its stock over the next few days. Tomorrow’s unveiling will turn out to be a make-or-break situation for the young company.

While the rest of the world is trying to guess at the Fed’s next gesture or figure out which way the markets will move next, you have a shot at traditional profit potential. Start studying Clearwire and keep a close eye on the company’s action over the days and weeks ahead.

Source: Investing in Technology: Clearwire (CLWR) Has Big Potential