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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