Lightspeed continues to spread Christmas cheer

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plutocrat03
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Lightspeed continues to spread Christmas cheer

Postby plutocrat03 » Sun Dec 11, 2011 8:09 pm

SEC may sue LightSquared investor
By Brendan Sasso - 12/11/11 07:05 AM ET theHill.com
Federal regulators notified Harbinger Capital, the primary investor in wireless firm LightSquared, that they are considering suing the hedge fund over potential violations of securities laws.

Philip Falcone, the head of Harbinger Capital, and other employees received "Wells Notices" from the Securities and Exchange Commission informing them of the possible action, the firm acknowledged on Friday.

Harbinger says any enforcement action is unwarranted.

Harbinger has invested billions of dollars in LightSquared, which plans to launch a nationwide cellphone network, but tests earlier this year revealed its signals interfere with Global Positioning System (GPS) devices.

The firm is currently undergoing another round of testing to determine if technical modifications have addressed the interference problem.

Sen. Chuck Grassley (R-Iowa) said the possible SEC action shows that the Federal Communications Commission (FCC) should release more information about its review of LightSquared.

"Now the FCC is faced with the real possibility that it made a multi-billion-dollar grant of valuable spectrum to someone who could be charged with violating securities laws," Grassley said in a news release on Friday. "Now, more than ever, the FCC chairman should lead the effort to provide documents and offer insight into how the agency decided to give Mr. Falcone, Harbinger Capital and LightSquared this multi-billion-dollar grant.”

Grassley has pledged to block President Obama's two nominees to the FCC unless the agency releases internal documents related to LightSquared.

FCC officials have said they will not give LightSquared final approval to launch its network until it can prove it has addressed the interference problem.

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champguy
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Re: Lightspeed continues to spread Christmas cheer

Postby champguy » Mon Dec 12, 2011 12:21 pm

Sharks in a feeding frenzy. Good time to keep our feet inside the rail and out of the water.
Remember, not all who wander, are lost.
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plutocrat03
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Re: Lightspeed continues to spread Christmas cheer

Postby plutocrat03 » Tue Dec 13, 2011 4:27 pm

Upping the clouting of the issue. I guess the fix does not work as promised.....

Former Sen. Dorgan joins wireless startup
thehill.com Brendan Sasso - 07/07/11 02:31 PM ET

Telecommunications startup LightSquared announced Thursday that former Sen. Byron Dorgan (D-N.D.) and other retired lawmakers will serve on the advisory board of a new initiative to resolve problems with Global Positioning System (GPS) technology in rural areas.

Dorgan will serve on the board with former Reps. George Nethercutt (R-Wash.) and Charlie Stenholm (D-Texas). Dorgan retired last year after serving three terms in the Senate.

LightSquared is building a nationwide satellite and wireless broadband network and plans to sell services wholesale to other companies. The company has come under fire because its network may interfere with GPS devices, including those used by first-responders, the military and agricultural businesses.

The company’s new campaign, the Empower Rural America Initiative, aims to partner with small cities and rural communities to reduce the risk of GPS interference.

“There is an overwhelming need for reliable wireless broadband for public safety, education, healthcare and economic development in rural America,” Dorgan said in a statement.

plutocrat03
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Re: Lightspeed continues to spread Christmas cheer

Postby plutocrat03 » Tue Dec 13, 2011 7:43 pm

And more...

LightSquared Offers FCC A Deal
AvWeb
By Russ Niles, Editor-in-Chief

LightSquared has offered to give up control of part of the frequency spectrum it owns in exchange for unconditional use of another part of the L-band frequency for its controversial proposed broadband network. In a proposal to the FCC, LightSquared says it will cede veto power over the use of half of its spectrum to government agencies that form the National Space-Based Positioning, Navigation and Timing Executive Committee if the FCC will remove conditions on its use of the other half for its nationwide 4G wholesale broadband network. The principal condition of its license with the FCC is that it prove the broadband signals don't disrupt GPS communications. LightSquared says there are only minor and easily overcome interference issues in the lower half of the 20-Mhz swath of spectrum it owns but the GPS industry says interference is a problem across the whole sliver of spectrum. LightSquared says it will also limit the power of its signals in the lower band to further mitigate interference if the FCC goes for its deal. Meanwhile the start-up broadband provider reacted aggressively to leaked reports earlier this week that suggested GPS interference remains a major concern.

In a conference call with reporters, LightSquared claimed it was the victim of a systematic campaign of leaks of partial results from interference tests. "This most recent leak continues the pattern of premature release of data to reporters for the sole purpose of damaging LightSquared, influencing public opinion and inflaming political opposition," the company said in a news release. "And it is a part of the multi-million public relations/lobbying campaign being coordinated by GPS manufacturers, who have a financial interest in the outcome of this debate." LightSquared said the resulting media reports "falsely assume that LightSquared will operate at 32 times its authorized power levels." LightSquared further said that at the frequencies and power levels proposed, the performance of none of the GPS devices tested was affected, although it did say about 4 percent of the devices did register interference. LightSquared also says the tests, which concluded Nov. 30, have not been properly analyzed by the National Telecommunications and Information Administration.

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cozy171bh
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Re: LightSquared continues to spread Christmas cheer

Postby cozy171bh » Wed Dec 14, 2011 11:56 pm

I'm all for progress, but these LightSquared folks don't get it. Stick a fork in this one. They're done....

plutocrat03
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Re: Lightspeed continues to spread Christmas cheer

Postby plutocrat03 » Thu Dec 15, 2011 12:28 am

Keep your belts fastened and seat in the upright position.. more turbulence to come.

December 14, 2011
Latest Tests Show LightSquared Disrupts Most GPS
By Russ Niles, Editor-in-Chief

Federal officials Wednesday confirmed earlier reports that signals from a nationwide broadband system proposed by LightSquared will significantly disrupt existing GPS service. In separate statements, the National Coordination Office for Spaced-Based Positioning, Navigation and Timing (PNT), the Department of Defense and the Department of Transportation essentially said that under current circumstances, GPS cannot coexist with LightSquared's planned 40,000-tower network of high-speed wireless broadband transmitters. "LightSquared signals caused harmful interference to the majority of … general purpose GPS receivers," said Anthony Russo, director of PNT. The comments were based on recent test results that also showed the signals could affect TAWS. Cellphones are not affected significantly, according to the tests. LightSquared said it rejects the findings about the GPS receivers but is willing to work with the FAA on TAWS. The GPS interference, LightSquared claims, is the GPS industry's fault, which, regardless of the veracity of the claim, may be a moot point.

In a statement, LightSquared CEO Sanjiv Ahuja said the problem isn't that his company's signals invade GPS's territory, it's that GPS receivers "look into" LightSquared's spectrum. "LightSquared has had the legal and regulatory right to use its spectrum for eight years over two administrations," Ahuja said. "The testing further confirmed that the interference issues are not caused by LightSquared's spectrum, but by GPS devices looking into spectrum that is licensed to LightSquared. We have taken extraordinary measures -- and at extraordinary expense -- to solve a problem that is not of our making. We continue to believe that LightSquared and GPS can co-exist." However, the FCC waiver that would permit LightSquared to operate its system appears to place the onus on LightSquared to ensure its signals do not interrupt GPS service. LightSquared is expected to have more to say about the tests on Thursday.

plutocrat03
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Joined: Sun Oct 11, 2009 9:45 pm

Re: Lightspeed continues to spread Christmas cheer

Postby plutocrat03 » Wed Dec 21, 2011 1:22 pm

Apparently the problems are not Lightsquared's fault..... first they promise a $6.00 filter, now it's not their fault hmmmmmm. Now if only they could buy a lobbyist with connections..... (see earlier post re: Sen. Byron Dorgan (D-N.D.)

LightSquared Files FCC Petition
By Russ Niles, Editor-in-Chief, AvWeb

LightSquared has thrown down a potentially tricky legal gauntlet and challenged the Federal Communications Commission to clarify its right to use the sliver of radio spectrum it owns for a ground-based broadband network. In a petition for declaratory ruling filed Tuesday, the upstart broadband service wholesaler repeats its claim that the manufacturers of GPS devices that are affected by the broadband signals are to blame for the interference. "It recently has become apparent that the commercial GPS industry has manufactured, and sold to unsuspecting consumers, unlicensed and poorly designed GPS receivers that 'listen' for radio signals both in the 'RNSS' frequency band in which the U.S. GPS system is intended to operate, as well as across the adjacent 'MSS' frequency band that is not intended for GPS use, and in which LightSquared is licensed," the petition says. "The commercial GPS industry claims, without justification, that these GPS receivers somehow are entitled to 'protection' from the LightSquared authorized operations ...." LightSquared is also asking that the manufacturers of GPS equipment be kept out of any deliberations on the future of LightSquared's applications because, according to LightSquared, the GPS makers lack the legal standing to have their comments heard. The GPS industry says the filing is a rerun of previous LightSquared rhetoric that selectively cites previous FCC rulings and ignores its own positions on the interference issues.

In a statement issued late Tuesday, the Coalition to Save Our GPS said LightSquared has agreed to not to interfere with GPS. "In its January 2011 order, the Commission made clear that LightSquared would not be permitted to commence operations until it had demonstrated that it would not interfere with GPS," said coalition spokesman Jim Kirkland. "LightSquared did not challenge this condition at the time, and has to live up to it. There is overwhelming technical evidence—the most recent of which was released by the Government just last week--that this condition has not been satisfied." The petition is the latest in a series of aggressive moves by LightSquared, which says it has spent billions to get its high-speed wireless broadband system off the ground. If approved as written, the LightSquared petition would put the entire legal onus for coexistence on the GPS industry. However, LightSquared insists it's still willing to help solve the interference problems. "While we ask the FCC today to confirm our legal rights, LightSquared remains fully committed to cooperate with all parties -– the GPS industry, GPS users, and the federal government -– to ensure that LightSquared's network is deployed in a way that is compatible with GPS users," said LightSquared spokesman Jeff Carlisle. "LightSquared has always recognized the critical importance of the GPS system, and we firmly believe that GPS devices can peacefully coexist adjacent to our network."

plutocrat03
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Re: Lightspeed continues to spread Christmas cheer

Postby plutocrat03 » Thu Aug 15, 2013 10:38 am

Don't these guys ever go away? from ANN today

LS has Filed A Lawsuit Against GPS Makers, Deere & Co Seeking Nearly $2 Billion
The company that sought to build a wireless broadband network it said would be satellite delivered and then added high-powered terrestrial transmitters that would have interfered with just about every GPS currently in use? Well, they're back, at least in court. Harbinger Capital Partners, the hedge fund group that bought the assets of the company that eventually wound up in bankruptcy, has filed a $1.9 billion lawsuit against GPS makers and others because they did not initially tell LightSquared that there could be an interference problem.

Philip Falcone's Harbinger sued Garmin, Trimble Navigation, the U.S. GPS Industry Council and the Coalition to Save Our GPS, along with the maker of John Deere agricultural equipment, according to a report from Reuters. In the complaint filed last Friday, Harbinger said that it would not have made the investment in LightSquared if the GPS industry had disclosed the potential interference problems between 2002 and 2009.

The suit says the companies engaged in fraud by not making the interference issues known.


Wahhhhhhhhh. Anyone heard of due diligence? What's next a lawsuit against every GPS user?

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champguy
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Re: Lightspeed continues to spread Christmas cheer

Postby champguy » Thu Aug 15, 2013 11:08 am

We face "due diligence". Just like bankruptcy, If you are big enough it becomes other peoples problem.
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