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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