[time-nuts] latest on the lightsquared 'saga'

cook michael michael.cook at sfr.fr
Thu Mar 3 22:29:15 UTC 2011


The problem will probably resolve itself when the first idiot to lose 
his GPS at a T junction drives into the deli across the street as he/she 
was not told to take a turn. The driver will sue for denial of service 
and 50 million other Americans will jump on board the class action.

Le 03/03/2011 21:22, Jim Cotton a écrit :
>
>
> The other scenerio is buy stock in the leading GPS makers and assume that
> they and Lightsquared will lobby effectively and everyone will be 
> forced to
> buy new GPS units...
>
> There is precedent in that, the DTV converter box vouchers...
>
> Jim Cotton
> n8qoh
>
> On 3/3/11 3:09 PM, jimlux wrote:
>> On 3/3/11 9:34 AM, Bob Camp wrote:
>>> Hi
>>>
>>> There's obviously major fuel behind this thing. I'm willing to pass 
>>> up GPS
>>> underground. It's GPS out in the open that is my main concern. IF 
>>> they are
>>> going to use this for "last mile" connect to homes it will indeed be
>>> everywhere and anywhere. IF that's the case, you loose all sorts of GPS
>>> stuff.
>>>
>>> I'd hate to see my GPSDO collection wind up sitting next to the Loran C
>>> stuff out in the shed.
>>>
>>
>>
>> My theory is that the reason that this can't work is complex enough 
>> (yes, trivial for us time-nuts and GPS afficionados, but complex for 
>> most others) so it looks like could work to a lot of people, and is 
>> attractive, so the stock price would get bid up.
>>
>> So, a wise person would do the following:
>> --->>> Wait for them to IPO
>> --->>> Watch the runup in stock price because it's the greatest thing 
>> since sliced bread and will bring broadband to the unwashed masses, 
>> resulting in world peace, etc.
>> --->>> short the stock or buy a default swap on them going under
>> Lightsquared "discovers" that there is an insurmountable regulatory 
>> hurdle
>> L2 says, "bummer, I guess we have to close up shop or redirect our 
>> efforts"
>> Stock price crashes
>>
>> -->>> Cash in on the default swap or stock puts
>>
>>
>> or, a more benign one... you could keep quite a crew of folks busy 
>> looking at all the ramifications and implications and doing studies 
>> for half a dozen years, and then move onto something else after 
>> having burned "other people's money" that was invested.
>>
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>
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