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."
FORTUNE'S FUN FACTS TO KNOW AND TELL:
A black panther is really a leopard that has a solid black coat
rather then a spotted one.