Recent Event Highlights: Business Highlights - CBS News, Triple-digit Dow loss...What's next for Jamie Dimon....LightSquared files for ... - NECN, LightSquared declares bankruptcy after GPS worries sank its mobile dream - Computerworld, LightSquared officially files for Chapter 11 bankruptcy., Wireless startup LightSquared files for bankruptcy - NECN, LightSquared Implements Voluntary Chapter 11 Restructuring, and 111 more...
Created by dipity on Dec 11, 2011
Last updated: 05/14/12 at 06:03 PM
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Business HighlightsCBS News___ Wireless startup LightSquared files for bankruptcy NEW YORK (AP) — LightSquared Inc., which hoped to create an independent wireless broadband network in the US, filed for bankruptcy protection on Monday. Regulators blocked its plan this winter ...and more »
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USA TODAYTriple-digit Dow loss...What's next for Jamie Dimon....LightSquared files for ...NECNNEW YORK (AP) — LightSquared, which hoped to create an independent wireless broadband network in the US, has filed for bankruptcy protection. Regulators blocked its plan this winter because of concerns that the transmissions would interfere with GPS ...Deals of the Day: Heads Roll at JPM, Yahoo, Best BuyWall Street Journal (blog)all 6,631 news articles »
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LightSquared declares bankruptcy after GPS worries sank its mobile dreamComputerworldBy Stephen Lawson IDG News Service - LightSquared, the startup that planned a nationwide wholesale mobile network only to be shot down by regulators because of GPS interference concerns, is declaring bankruptcy. The move came after lengthy negotiations ...
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Wireless startup LightSquared files for bankruptcyNECNNEW YORK (AP) — LightSquared Inc., which hoped to create an independent wireless broadband network in the US, filed for bankruptcy protection on Monday. Regulators blocked its plan this winter because of concerns that its transmissions would interfere ...
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Excerpt
...and without retail competition from LightSquared. For more information, please go to www.LightSquared.com, www.facebook.com/LightSquared and www.twitter.com/LightSquared. This release contains forward-looking statements and information regarding LightSquared...
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Business Wire
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BloombergLightSquared, Failed Wireless Venture, Files for BankruptcyBloombergPlay LightSquared Files for Bankruptcy LightSquared Inc. filed for bankruptcy, saying it will seek to resolve the concerns of US regulators who thwarted the company's plan to deliver high-speed wireless to as many as 260 million people.LightSquared Pulls the PlugWall Street JournalFalcone's LightSquared Files for BankruptcyNew York TimesLightSquared files for Chapter 11 bankruptcy protectionWashington PostSan Francisco Chronicle -Forbesall 299 news articles »
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LightSquared to file for bankruptcyLocal 10Unable to reach a deal with its lenders, upstart wireless carrier LightSquared will file for bankruptcy Monday, according to two sources with knowledge of the company's plans. The move has been widely expected, since the company's options for appeasing ...
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LightSquared bankruptcy seen imminent: sourcesSun-Sentinel(Reuters) - LightSquared Inc , the startup telecommunications company bankrolled by hedge fund manager Philip Falcone, is expected to file for bankruptcy protection in the next hours, sources familiar with the matter said. Falcone has until Monday at 5 ...
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Today's e-Reads: LightSquared Nears Bankruptcy; No Texting While Walking?National JournalBy Josh Smith and Adam Mazmanian LightSquared is preparing to file for bankruptcy in case negotiations with its creditors fall through, The Wall Street Journal reports. One New Jersey town is fining people $85 for texting while walking, ...and more »
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The AM Roundup: Hedge Funds Eye Dewey Debt, LightSquared, MoreWall Street Journal (blog)Seeking protection: Hedge-fund manager Philip Falcone's LightSquared Inc. venture was preparing Sunday to file for bankruptcy protection after negotiations with lenders to avoid a potential debt default faltered. WSJ The next step: President Obama has ...and more »
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LightSquared edging closer to bankruptcy filingReutersMay 13 (Reuters) - Philip Falcone's telecom start-up LightSquared edged closer to a bankruptcy filing on Sunday as the hedge fund manager was far from an agreement with creditors, sources familiar with the matter said. Falcone has until Monday at 5 pm ...
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Excerpt
...Inc., the wireless- network company backed by billionaire Philip Falcone, received a second weeklong extension from creditors, delaying a potential bankruptcy, a person with knowledge of the matter said. The move gives LightSquared more time to negotiate before...
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Bloomberg.com
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http://www.bloomberg.com/news/2012-05-06/falcone-s-lightsquared-said-to-get-week-credit-extension.html
Hedge-fund manager Philip Falcone agreed to step aside eventually as the public face of his LightSquared Inc. venture, Mike Spector reports on Markets Hub.
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Sanjiv Ahuja says LightSquared will continue its legal fight for the right to wholesale spectrum to carriers and Sandy Motley of Alcatel-Lucent discusses migration to LTE for smaller carriers
A wireless partnership that could have competed with the US's largest carriers like AT&T (NYSE:T) and Verizon (NYSE:VZ) has ended. The Wall Street Journal reports Sprint (NYSE:S) will end its 15-year contract with LightSquared and return $65 million in prepayments to the company. The move comes after the Federal Communications Commission said earlier this year that LightSquared would not be able to operate its proposed nationwide fourth-generation network. The wireless start-up's plan would have used satellite wireless airwaves through 40000 cell towers covering 260 million Americans. LightSquared hoped to sell its service wholesale to carriers seeking extra capacity. Last month, the FCC said it wouldn't allow LightSquared to operate its network because of concerns it would interfere with Global Positioning Systems signals. Because of the termination of Sprint's deal, LightSquared will have to find more funding if it ever gets approval for their planned network.
Ignite talk given by by Freddy Blume. From the Ignite session at the 2012 UNAVCO Science Workshop. February 29, 2012.
How do you throw away $4 billion? Buy spectrum you can't use. That seems to be what Lightsquared did, once the FCC revoked a license that would have let the company build a new nationwide wireless broadband network.
Don't you ever tell the truth Senator? The FCC provided every piece of information that you are entitled to, to the public when it posted every document required to the Internet on its FCC.gov website according to Freedom of Information Act rules. Your statement that they refused to turn over any documents is clearly untrue. Contrary to what you say, the interference issue is not settled. To save a few dollars, inferior and shoddy receiving devices were designed and used by your corporate financier Deere and Company causing interference to themselves by listening outside of their designated band. It's like you insisting that WHO radio go off the air because when you dig out your cat's whisker crystal set radio - popular when Thomas Edison was a boy - to listen to WMT; you also pick up WHO at the same time - because the cat's whisker doesn't have proper selectivity. It can't tune in one station and reject the other station because of its cheap, simplistic design. Chuck, your crystal set's shortcomings should not dictate aa dumbed-down version of technological innovation today. American prosperity goes hand-in-hand with our technological innovation. I don't think you are fooling anybody Senator. We know why you're spreading this misinformation. It's been written in countless articles. You should take particular care not to get involved with the latest lawsuit because you use the power of the Senate of the United States to try to pick and choose which innovative idea, and ...
During his weekly video address, Senator Chuck Grassley explains why the Federal Communications Commission should provide documents about its preliminary approval of the LightSquared broadband project now that the agency has withdrawn its approval. Senator Grassley has been seeking full disclosure for nearly a year, arguing that the public's business ought to be public. He said he is seeking accountability for the way the FCC administers valuable spectrum space.
The FCC wants to kill LightSquared. How else can innovative companies obtain spectrum? Alan examines some possible ways.
Also: Boeing, Bell, Sikorsky, Red Tails, Eurocopter, Enstrom, NBAA, EAA, A4A, AEA, And A Few More A380 Cracks... Wow... what a wild week! The aviation world got more than it fair share of news this week -- good and bad -- as the Obama Administration set its course on User Fees but also finally an FAA reauthorization Bill... while the Helicopter industry gathered in Dallas and sold HUNDREDS of helicopters in one of the better gatherings we can recall. Boeing finalized a monstrously big order, LightSquared finally got its comeuppance and ANN shows that there are still some affordable and solid values in the LSA market. All that... and SO MUCH MORE in the latest episode of AIRBORNE! PLEASE keep sending us your feedback and ideas... you have no idea how important that is to us as we evolve the Airborne mission. As we listen to your critiques, we're getting a far better idea as to how to tweak and fine-tune future Airborne programming to fit your needs. We think you're going to like what we have in mind for the future. Airborne 02.17.12 is chock full of info about the week ending Friday, February 17th, 2012... Presented by Aero-TV veteran videographer and Airborne Host Ashley Hale, and supported by ANN CEO/Editor-In-Chief Jim Campbell, Chief Videographer Nathan Cremisino, and Aero-Journalists Tom Patton and Paul Plack, this episode covers: FCC/LightSquared Boeing Finalizes LionAir Deal User Fees are Back in Obama Budget Budget Reax - NBAA, EAA, A4A, AEA Obama signs FAA Bill ...
Transcript by www.newsy.com BY BREANA JONES ANCHOR CHRISTINA HARTMAN AT&T, Sprint, Verizon and... LightSquared? LightSquared had hopes to be the next major wireless broadband network in the US, but the Federal Communications Commission said no. Bloomberg explains why. "The Federal Agencies coming out and saying that the Lightsquared network interferes with GPS devices and can't be fixed and because of that the government is revoking its initial approval of the network." The FCC isn't just worried about your Garmin not getting you to grandma's house. The interference with GPS will affect US military and aviation systems that rely on the same airwaves. Leaders in the industry say the risk is just too great. "Operating on that upper 10 megahurtz of frequency, closest to GPS, all of the testing that's been done so far, all of the analysis shows that would be catastrophic. You would have wide spread outages of GPS." (Video Source CSPAN) You may be thinking... why don't all these systems have their own frequencies? CNN explains it's a bit more complicated than that. "...the GPS companies have been jumping the fence for years, picking up signals transmitted through their neighbors' property. It had gone unnoticed, since LightSquared and its predecessors hadn't been using the spectrum until recently... Even though the interference issues aren't LightSquared's fault, the FCC said its hands are tied." A VP for LightSquared blasted the GPS companies— accusing them of using lobbying ...
-Lightsquared- www.latimes.com -Where's My Refund- moneyland.time.com -Dave Matthews Band- www.billboard.com -Randy Travis- www.tmz.com -TCU Drug Bust- www.star-telegram.com -Heart Attack at the Heart Attack Grill- www.foxnews.com
Kansas City StarTEXT-S&P says Sprint Nextel rtgs unaffected by FCC actionsReuters(B+/Negative/--) are not immediately affected by the FCC's proposal to suspend wholesale wireless provider LightSquared's (unrated) network buildout indefinitely. The FCC's action is based on its belief that LightSquared's spectrum causes harmful ...Sprint tweaks execs' bonuses to account for iPhone costs, LightSquaredFierceWirelessSprint: Oops, About That Bonus …Motley FoolSprint bonuses ignored iPhone's financial impactKansas City StarFINSall 50 news articles »
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Google problem 'spreading' from Santorum to RomneyFox NewsLightSquared dealt serious blow over interference Queen of Sheba's lost gold mine discovered, archaeologist claims A new website with a very off-color description of Mitt Romney could create a serious image problem for the Republican presidential ...
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Federal officials plan to kill a private company's plans to start a national high-speed wireless broadband network after concluding it would in some cases jam personal-navigation and other GPS devices. (Feb. 15) Subscribe to the Associated Press: bit.ly Download AP Mobile: www.ap.org Associated Press on Facebook: apne.ws Associated Press on Twitter: apne.ws Associated Press on Google+: bit.ly
Human and humanoid robot shake hands in space 1stFox NewsLightSquared dealt serious blow over interference You are not your Facebook timeline CAPE CANAVERAL, Fla. – Astronauts and robots have united in space with a healthy handshake. The commander of the International Space Station, Daniel Burbank, ...and more »
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Christian Science MonitorFCC May Kill LightSquared's Plans for Wireless RevolutionPCWorld (blog)By Jared Newman, PCWorld Feb 15, 2012 8:57 AM LightSquared's plans to revolutionize the wireless industry with a broadband network may have been dealt a death blow by the Federal Communications Commission. The FCC believes that LightSquared should not ...LightSquared unable to use wireless spectrum due to interference with existing ...Christian Science MonitorLightSquared to Be Blocked by US on Interference ReportBusinessWeekAgencies Move to Kill LightSquared LTE Plans Over GPS IssuePC MagazineDailyTech -San Francisco Chronicleall 392 news articles »
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Clearwire Surges After LightSquared's Rejection: Seattle MoverBusinessWeek15 (Bloomberg) -- Clearwire Corp., the unprofitable wireless broadband service provider, rose to the highest in two months after regulators rejected billionaire Philip Falcone's bid to use satellite spectrum for his LightSquared mobile network venture.Clearwire shares up 5 percent after LightSquared newsReutersSkype co-founder wants to give you free mobile broadband with FreedomPopCNETClearwire Pacts With Free-Broadband Startup FreedomPopMultichannel NewsFierceWireless -Light Reading -GigaOmall 14 news articles »
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Excerpt
...efforts to launch a wholesale LTE network appear to have hit their final roadblock, as regulators concluded that concerns over interference between the company's proposed network and GPS receivers could not be mitigated. Based on testing by the National Telecommunications...
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Fierce Wireless
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http://www.fiercewireless.com/story/lightsquareds-proposed-network-should-be-shelved-regulators-find/2012-02-15?utm_medium=rss&utm_source=rss
Deals of the Day: Goldman Analyst Draws ScrutinyWall Street Journal (blog)[WSJ] Lightsquared: Federal regulators said they plan to pull the plug on wireless start-up LightSquared Inc.'s proposal to build a new national wireless network after officials said there was no way to prevent the network from interfering with Global ...and more »
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Excerpt
...have never been used in this context and were forced by the GPS community in order to reach the conclusions presented today," LightSquared charged. "This, together with a severely flawed testing process that relied on obsolete and niche devices, shows that...
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TWICE
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http://www.twice.com/article/480588-FCC_Proposes_To_Kill_LightSquared_Plans.php?rssid=20317
U.K. Stocks Pare Gains; Inmarsat Drops as FCC Vows to Block LightSquaredBloombergMost UK stocks rose as China said it will help resolve Europe's debt crisis and the leaders of Greece's two biggest political parties gave written commitments to austerity measures to obtain further financial aid. HSBC Holdings Plc (HSBA), ...UK Stocks Pare Gains; Inmarsat Drops as LightSquared BlockedBusinessWeekall 10 news articles »
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FCC suspends LightSquared waiver over GPS interferenceWireless WeekBy CNET Wednesday, February 15, 2012 LightSquared suffered a possibly fatal blow today when the FCC said it would indefinitely suspend the company's effort to build a national wireless broadband network using satellite spectrum.
http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEH3P8zBzxV6VVYloWzZtifM1Hlmg&url=http://www.wirelessweek.com/News/Feeds/2012/02/wireless-fcc-suspends-lightsquared-waiver-over-gps-interfer/
Excerpt
...because of the GPS concerns. The FCC said it was proposing to revoke a conditional approval it gave to LightSquared last year. LightSquared needed FCC approval to operate its network.While the FCC's move is subject to public comment and could be appealed to...
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Wall Street Journal
http://online.wsj.com/article/SB10001424052970204795304577223764266276288.html?mod=WSJ_topics_obama
Excerpt
...network represent more than $14 billion of private investment over the next eight years. For more information about LightSquared, please go to www.LightSquared.com, www.facebook.com/LightSquared and www.twitter.com/LightSquared. This release contains forward-looking...
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Freshnews.com
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http://www.freshnews.com/news/610984/lightsquared-remains-committed-finding-resolution
The Circuit: Cybersecurity, LightSquared, NortelWashington Post (blog)LightSquared opposes public disclosure: LightSquared has objected to the disclosure of filings the company made with the Federal Communications Commission, the Hill reported, asking that the agency release redacted versions of the filings or decline to ...and more »
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Excerpt
...for terrestrial only use. As a condition of this waiver, the FCC said that there can't be any harmful interference between LightSquared and others in nearby spectrum. But the GPS industry claims that LightSquared's network will interfere with its receivers....
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CNET
http://feedproxy.google.com/~r/cnet/tcoc/~3/2NaJTizjr68/
Excerpt
...by an array of forces that want to keep its technology off the market. GPS vendors, for instance, "have been well aware that LightSquared planned to use this spectrum for the past eight years," Stern said. "They could have designed their products to accommodate...
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E-Commerce Times
http://www.ecommercetimes.com/rsstory/74400.html
Visit UncensoredTV.net to watch videos related to Ron Paul, Judge Andrew Napolitano, Peter Schiff, Gerald Celente, Adam Kokesh, Alex Jones and more. Judge Andrew Napolitano talks about the Lightsquared FCC Waiver with Charles Chuck Grassely. Ron Paul 2012 Lightsquared FCC Waiver - Chuck Grassely Judge Andrew Napolitano (2012-01-26) From Freedom Watch - 2012 January 26 ron paul today President Congressman Dr. Ron Paul 2012 Jan Senator dr rand tv ad Charles Plan Freedom Watch Part Lightsquared FCC Waiver Chuck Grassely Mike Huckabee Foreign Policy Patriot Act NDAA Cut Spending Budget National Defense Judge Andrew Napolitano Sara Palin Newt Gingrich Rick Santorum Mitt Romney Rush Limbaugh Sean Hanity Hannity Dick Morris Bill oreilly GOP Debate Republican Primary Caucus Polls Peter Schiff Gerald Celente Adam Kokesh Alex Jones John Stossel Governor Gov Jesse Ventura Conspiracy Theory Rloveution Reloveution
Excerpt
...harmful interference to millions of government and private GPS users." Even if the FCC were to consider the kind of rulemaking LightSquared wants, it would likely take months or years before it was finalized. Meanwhile, a separate process at the FCC is continuing...
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Fierce Wireless
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http://www.fiercewireless.com/story/lightsquared-presses-fcc-stricter-gps-device-standards/2012-02-08?utm_medium=rss&utm_source=rss
Business InsiderLightSquared Would Ruin Aviation With System, Carriers SayBloombergPhilip Falcone's LightSquared Inc. wireless service would have “ruinous effects” on aviation because of signal interference and its plan for a nationwide data network should be withdrawn, an airline trade group said. “This matter needs to be put to ...LightSquared Broadband Plan Questioned by GPS ExpertseWeekLightSquared Asks FCC to Regulate GPS ReceiversPCWorldFeds look beyond LightSquared to set GPS interference standardsComputerworldSan Francisco Chronicle -Reutersall 121 news articles »
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Excerpt
...the hedge fund-backed company planning to build a nationwide wireless broadband network to compete with AT&T and Verizon Wireless, is asking the Federal Communications Commission to set stricter technical rules for GPS devices. Today, the company, which has...
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CNET
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http://news.cnet.com/8301-30686_3-57372874-266/lightsquared-asks-fcc-for-stricter-gps-gear-standards/?part=rss&subj=news&tag=2547-1_3-0-20
Excerpt
...The situation means that workers will have to go back to those towers at a later date to install LightSquared equipment if LightSquared is able to get approval from regulators--a potentially costly effort. Sprint spokesman Scott Sloat declined to comment on...
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Fierce Wireless
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http://www.fiercewireless.com/story/sprint-extends-lifeline-lightsquared-until-mid-march/2012-02-01?utm_medium=rss&utm_source=rss
Excerpt
...with GPS receivers. Sprint had already given LightSquared a 30-day extension to get FCC approval at the end of 2011. A LightSquared representative confirmed that an extension had been granted. And he reiterated LightSquared's commitment to completing its network....
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CNET
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http://news.cnet.com/8301-30686_3-57369141-266/sprint-gives-lightsquared-until-march-to-get-fcc-approval/?part=rss&tag=feed&subj=SignalStrength
Sen. Chuck Grassley went on Fox Business to discuss a contact to his office that intimated he could benefit if he softened his inquiry of government approval of the controversial LightSquared wireless project. Sen. Grassley has been reviewing why the Federal Communications Commission rushed approval of LightSquared without adequately exploring what turned out to be widespread concerns of interference with the Global Positioning System devices widely used by the military, first responders, aviation, precision agriculture, and consumer navigation.
A federal committee that has been testing LightSquared's equipment says there is no practical way to prevent the company's broadband network from disrupting GPS systems.
Excerpt
...by the same set of rules," we are in real trouble should [Obama] win a second term. Senator Chuck Grassley says that LightSquared and others may be trying to nobble his investigations. He's looking into LightSquared's plan to transmit high powered signals...
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ComputerWorld
http://blogs.computerworld.com/node/19627?source=rss_blogs
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