[aprssig] LightSquared investors sue GPS industry
noskosteve at yahoo.com
Sat Aug 24 16:01:16 CDT 2013
Here is the complaint URL . I'm reading it and from WHAT THE COMPLAINT SAYS ONLY, it appears that:
1 - They claim that here were years of opportunity for GPS Mfrs to object to the LightSquared terrestrial transmitters.
2 - The Light squared Engineers are/were really inexperienced and naive in RF receiver design and never actually saw a GPS receiver.
3 - The FCC people quoted are also really stupid in RF...no surprise, I guess.
Off to the pool...
Sent from my KnightKit Crystal Set.
73, Steve, K9DCI USN (Vet) MOT (Ret) Ham (Yet)
From: david vanhorn <kc6ete at gmail.com>
To: TAPR APRS Mailing List <aprssig at tapr.org>
Sent: Saturday, August 24, 2013 2:28 PM
Subject: Re: [aprssig] LightSquared investors sue GPS industry
Honestly, I think the thought was that they could buy their way out of the technical issues.
Remember how BPL went. If you show investors a plausible (to their eyes) version of "the next big internet thing" then it appears that they will jump in.
On Sat, Aug 24, 2013 at 12:47 PM, Andrew Rich <vk4tec at tech-software.net> wrote:
That's such a sad reflection on man kind
>What has come of society that such ignorance and stupidity is the norm
>Sent from my iPhone
>On 25/08/2013, at 1:39 AM, Bob Burns W9BU <w9bu_lists at rlburns.net> wrote:
>> Just when you thought the LightSquared situation was over, Harbinger Capital Partners, and other investors who backed LightSquared, has filed a $1.9 billion (yes, billion with a "b") lawsuit against Deere & Company, Garmin International, and Trimble Navigation, plus the U.S. GPS Industry Council and the Coalition to Save Our GPS.
>> You can read more about the suit here:
>> Trimble has already announced that they will "vigorously" defend the suit.
>> Harbinger has also sued Dish Network Corp. and its chairman Charlie Ergen for $4 billion over allegedly improper purchases of LightSquared debt. Ergen reportedly bid over $2 billion last month to buy LightSquared.
>> LightSquared filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in May 2012.
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