[time-nuts] More on LightSquared

Jim Lux jimlux at earthlink.net
Sun Jun 5 13:53:47 UTC 2011


On 6/5/11 3:28 AM, Will Matney wrote:
> More on LightSquared from the Washington Post.
>
> http://www.washingtonpost.com/local/lightsquared-wireless-internet-plan-conc
> erns-officials-pushing-gps-for-aviation/2011/06/03/AGDX0qIH_story.html?nl_he
> adlines
>
> Best,
>
> Will
>


WHat are the odds that Light squared is a clever gambit to make money by 
shorting the stock (or equivalent, I know L2 is privately held). 
Propose something that looks sexy and meets a national need (universal 
wireless broadband, solving the last mile!)...
Get tons o' bucks into the firm because it's gonna be great guys, let's 
all ride it together.
(buy fancy car, get paid big salary and bonus)
Oh.. a regulatory hitch?
No problem, we're better than sliced bread, keep sending that money, 
let's make all the co-marketing deals with stock swaps, get that land 
for our stations optioned and tied up.

Oops, there are laws of physics and a crowd with flaming torches and 
pitchforks after us.
Well, we gave it our best shot...thanks for the support, and, no, you 
don't get your money back.


L2 looks good to people who don't know enough of the details.  Don't 
forget that these investors are people who also invest in Shannon Law 
violating communications schemes (yes, because we've got a secret 
special coding technique, we can send 10 bits/second/Hz at -10dB SNR.. 
it's going to revolutionize wireless broadband, the government is going 
to spend billions, get in now, while you can)


BPL was much the same.



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