[time-nuts] [FMT-nuts] LightSquared is Toast!!

Jim Lux jimlux at earthlink.net
Wed Feb 15 15:55:33 UTC 2012

On 2/15/12 7:16 AM, Peter Vince wrote:
> See:<
> http://www.nytimes.com/2012/02/15/business/media/fcc-bars-airwave-use-for-broadband-plan.html?_r=1&scp=3&sq=lightsquared&st=cse

Err.. not necessarily.  As one of the commentators in the business press 
said yesterday (paraphrasing).. Harbinger needs to decide whether to 
shut down LightSquared and take their losses now, or arrange their funds 
for the legal battles to come.

When you have billions riding on the bet, a few million in legal fees 
(which is tens of thousands of billable hours: a LOT of work) to go to 
court to get the decision changed isn't always a big problem.

As quoted in the lore of Python.. "I'm not dead yet..."

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