Lightsquared declares bankruptcy
Mon, 05/14/2012 - 2:34pm
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 12 years
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http://www.bloomberg.com/news/2012-05-14/lightsquared-failed...
Not sure if that ends the Lightsquared threat to the GPS frequencies or the move's consequence will be to force regulatory/political hands.
Opinions?
Lightsquared still in the news
http://www.bloomberg.com/news/2012-05-14/lightsquared-failed...
Not sure if that ends the Lightsquared threat to the GPS frequencies or the move's consequence will be to force regulatory/political hands.
Opinions?
What Is Happening With Dish’s Bid For LightSquared?
http://www.trefis.com/stock/dish/articles/194295/what-is-hap...
Nuvi 2460LMT
I guess I'm behind the times
Now I need to go lookup lightsquared and see what it is all about.
The link
By Tiffany Kary & Michael Bathon - May 14, 2012 9:12 PM PT
1490LMT 1450LMT 295w
Knew It Wouldn't Work...
Having worked with 50Kw transmitters in the service, I knew what LightSquared was trying to do wouldn't work.
Nuvi1300WTGPS
I'm not really lost.... just temporarily misplaced!
I wonder
how much money did they collected from the government before the bankruptcy was filed?
Garmin Nuvi 765T, Garmin Drive 60LM
No Government Money Involved
how much money did they collected from the government before the bankruptcy was filed?
As I recall, no government money was involved, but there are private loans outstanding that are in the billions.
- Tom -
XXL540, GO LIVE 1535, GO 620
old case
This topic was discussed some time ago, when Lightsquared was trying to get "too big to fall" status and money from government. It's good they didn't get it, and finally this whole think will end. Of course some get burned as usual and some make on it handsome profit. There is not much to discuss, as everything was said long time ago. This bankruptcy was only matter of time, and finally happened.
I guess
I guess Lightsquared didn't wine and dine (and line the pockets) of the right people down in DC.
Striving to make the NYC Metro area project the best.
Moderation
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~Angela
Wow...
That gaze will put anyone back in line....
Striving to make the NYC Metro area project the best.
as it should be
I guess Lightsquared didn't wine and dine (and line the pockets) of the right people down in DC.
Good. That's as it should be, imo.
As much as the U.S. needs to elevate internet access to close to other countries standards, I'm old-school and believe we should do it lean, mean, comprehensive, .. and affordable.
Which typically means well regulated, not privatised and run on corporate handouts.
And I'm actually a Libertarian! History shows that no regulation at all tends to lead to results contrary to the general public good.
/rant
It's about the Line- If a line can be drawn between the powers granted and the rights retained, it would seem to be the same thing, whether the latter be secured by declaring that they shall not be abridged, or that the former shall not be extended.
don't start the party yet
This quote from the article makes it sound like they're still planning on spending good money after bad:
Bankruptcy “is intended to give LightSquared sufficient breathing room to continue working through the regulatory process that will allow us to build our 4G wireless network,” Chief Financial Officer Marc Montagner said in a statement.
In my opinion, the whole thing was a pipe dream
If everyone in the proper government agencies does what's written into their department's charters, this whole thing should go away. The concept was screwed from birth and should never have gotten as far as it did. Throw all the private money you want at this problem...just don't ask for any of mine. I didn't ask for this thing, nor should I have to support it.
Striving to make the NYC Metro area project the best.