With 60 percent of his $4 billion hedge fund invested in the company and a $427 million net loss through the 1st nine months of 2011, the biggest asset left may be the portion of the spectrum the company owns. More info at Reuters. . .
He is confident the value of LightSquared's operating spectrum will rise again once it is able to come up with a plan for resolving the interference issues.
He probably should have been working on an engineering solution all along instead of a regulatory solution.
A hedge fund bites the dust. There is a God!
terms | privacy | contactCopyright © 2006-2020