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Wireless Networking Businesses The Almighty Buck

LightSquared Files For Bankruptcy 138

Posted by Soulskill
from the can't-wait-for-the-new-conspiracy-theories dept.
fallen1 writes "Wireless broadband company LightSquared has filed for bankruptcy. In filings with U.S. Bankruptcy court, it was revealed that LightSquared had assets and debts of over $1 billion each. The decision followed a year-long fight between LightSqaured and GPS users — including some heavyweights like FedEx and UPS. Apparently Boeing and Alcatel-Lucent are heavily invested, but it would be interesting to see what the old Bell Labs could do with the technology."
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LightSquared Files For Bankruptcy

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