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+ - LightSquared Files Bankruptcy->

Submitted by fallen1
fallen1 writes "Apparently, there actually was too much interference for LightSqaured to continue operations. 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 with 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 Bankruptcy

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