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LightSquared Files For Bankruptcy

Posted by Soulskill on from the can't-wait-for-the-new-conspiracy-theories dept.

fallen1 writes "Wireless broadband company LightSquared has filed for bankruptcy. In filings with U.S. Bankruptcy court, it was revealed that LightSquared had assets and debts of over $1 billion each. The decision followed a year-long fight between LightSqaured and GPS users — including some heavyweights like FedEx and UPS. Apparently Boeing and Alcatel-Lucent are heavily invested, but it would be interesting to see what the old Bell Labs could do with the technology."

1 of 138 comments (clear)

  1. Re:It's a shame this couldn't be mutually resolved by DeepLinux · · Score: 5, Insightful

    What?

    They purchased air to ground spectrum and tried to re-purpose it as ground to ground spectrum. They sued when the FCC told them to go take a running jump.

    Then tried to claim that GPS vendors were at fault for not having perfect notch filters in their equipment (hint such a thing is not physically possible)