LightSquared Satellite Disabled By Last Week's Solar Storm 70
volts writes "Troubled LightSquared's primary Skyterra 1 satellite has been out of service since the solar storm on March 7. The company says it is 'working through the rebuild of the satellite tapping into the resources that were involved in the original program.' This development follows a stream of bad news including layoffs, default on payments, the resignation of CEO Sanjiv Ahuja and FCC rejection of a scheme to repurpose satellite frequencies for cellular data due to interference with GPS. Another kick in the teeth as company struggles to avoid bankruptcy."
Interesting (Score:5, Interesting)
Interesting, LS doesn't happen to have an insurance policy on that baby that would payoff if it failed do they?
Re:Idea's don't die (Score:4, Interesting)
Actually I think if they had just stayed with satellite level signals instead of trying to get their high powered ground source signals approved they probably would have been ok with the FCC.
Nail in the coffin (Score:1, Interesting)
Even God wants you to fail.
Another thought; since this was a put together deal by a bunch of investors to sell off at a later date, (or so it seems) it reminds me of the late 90's when groups of "investors" were buying up mom and pop dial up ISP's bundled them under the same name then selling them off, they had no intention of doing anything for the customer, the individual accounts were just a body count.
Lightsquared seems like a similar deal:
"The legal team now includes Theodore Olson, who helped George W. Bush secure the presidential election win in 2000"
http://www.dailyfinance.com/2012/03/14/lightsquared-gathers-lawyers-goes-to-war/ [dailyfinance.com]
Ole Teddy seems like a guy that should be sent to prison for a rectal refit considering the Bush presidency was one of the single worst things to ever happen to this country.
Republicans urge FCC to allow Lightsquared: Really why? Would this have to do with their having insider knowledge and profiting from it?
http://thehill.com/blogs/hillicon-valley/technology/216273-republican-urges-fcc-to-approve-lightsquared [thehill.com]
Congress insider trading:
http://articles.businessinsider.com/2011-11-14/politics/30396448_1_stock-market-market-moving-information-trades [businessinsider.com]
Scumbags...
A terrible idea that should have died long ago (Score:4, Interesting)
As soon as it was found LightSquared interfered with GPS (which was a while ago) all permission should have been axed and the company disbanded.
Instead, because of heavy donations to the Democratic party they got the blessing of the FCC to proceed despite actual physical interference to others caused by the product, making it inevitable the company could never go to market. [hotair.com]
Some partisans will inevitably come down on me simply because of the origin of that news. But you can't deny the connections and how obvious it was the FCC should NEVER have allowed certification not matter who was involved.
Political connections should NEVER override something as important as allowing experiments that interfere with devices as important as GPS!
Re:Interesting (Score:5, Interesting)
Re:Idea's don't die (Score:5, Interesting)