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Harbinger-Backed LightSquared Plans To Not Cause ‘Devastating’ GPS Interference Moving Forward

Not letting Phil Falcone’s LightSquared proceed using its authorized spectrum “would doom an innovative American start-up company,” LightSquared said in its FCC filing. “The commercial GPS device industry wants the commission to shut down an unprecedented effort to establish a nationwide wireless broadband network.” LightSquared’s plan to limit its initial operation to its airwaves furthest from GPS uses would pose no risk to more than 99 percent of GPS users, and the company is offering to underwrite “a workable solution for the small number” of GPS devices “that may be at risk,” the company said in its filing…“This issue will be resolved by good data, smart engineers and good-faith problem-solving dialog,” Sanjiv Ahuja, the company’s chief executive officer, said in a news release. [Bloomberg]

Related: Harbinger Capital Will Pay Redemptions…In Illiquid LightSquared Equity

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33 Responses to “Harbinger-Backed LightSquared Plans To Not Cause ‘Devastating’ GPS Interference Moving Forward”

  1. Guest says:

    It isn’t just Wilbur who is skeptical of this Lightsquared shit (nice tag btw)!

    -One seriously pissed off Harbinger “investor/rapee”

  2. guest says:

    Spiderpig vs Wilbur.  Who ya got? 

  3. Guest says:

    underwrite a solution, eh? pledging the shares as collateral, i bet.

  4. guest says:

    Complaining about attempts to doom an innovative American startup when said startup only exists because the FCC removed the “Ancillary” requirement from ATC spectrum is the definition of chutzpah. 

    • AmericanBandersnatch says:

      actually it is “supreme self-confidence: nerve, gall”
      – AIG Quant

  5. Guest says:

    Stopped reading at “smart engineers”…………

  6. Lindsay Lohan says:

    I hope this thing interferes with the frequency of this damn government issued anklet so I can shoot out to the liquor store and get me some more booze

  7. Ghost of Ayn Rand says:

    Hey asshole, Galt’s Gulch was a fictional place, it was a metaphor. You cannot actually open up a time/space continuum by jamming GPS for the masses, it doesn’t exist and you wouldn’t even qualify to carry the great industrialist’s bags.  

  8. See You In Dell says:

    “Tests found that LightSquared disrupts General Motors Co. (GM)’s OnStar navigation service and equipment used by the Defense Department and the aviation industry, according to a study released June 9.”

    That’s a pretty big 1 %.

    • Yugo Reliability Engineer says:

      So if GM cars weren’t broken down on the roadside so much would there have ever been a need for an Onstar?

    • lost in clouds says:

      Especially when the 1% includes the $50,000 FAA certified GPS boxes in airliners, not the POS NUVI that LM’s driver doesn’t know how to program when going out to get more pig food.

  9. guest says:

    LMF causes devastating interference in my pants that no amount of smart engineering can cure.

  10. Masterbator says:

    I read this story hoping for pictures of Lisa

  11. Guest says:

    OMG! did you guys see some jerk keeps $100,000,000.00 in a capital one checking account? And pays ATM fees? Really! It’s on the cover of the Post today

  12. Meme Meme Meme says:

    He looks so Norwegian Wood in that pic.

  13. Guest_CFA says:

    I’m not sure what’s more dangerous.  Aunt Ethel and Uncle Mo’s GPS not working in their Chevy Malibu or some douchebag using LightSquared to Tweet and check Facebook at 85mph on the GW Bridge.

  14. GuestNOW says:

    “a workable solution . . . good data, smart engineers and good-faith problem-solving = sending a pig and a certain woman dressed as duck to engage in intergalactic war with competing satellites

  15. From Russia with Love says:

    Come to Russia mate. Your investors are missing you out here. We so want to interfere with your frequency. and get Wilbur along as well. We russian know how to pamper a pig.

  16. Art Critic says:

    I’m guessing that Falcone will be paid a consulting fee for this? This guy is artistic in his investor fucking technique.

  17. “The commercial GPS device industry wants the commission to shut down an unprecedented effort to establish a nationwide wireless broadband network.” Sounds crazy. Why?

  18. Lev Ingman says:

    LightSquared’s plan to limit its initial operation to its airwaves furthest from GPS uses would pose no risk to more than 99 percent of GPS users, and the company is offering to underwrite “a workable solution for the small number” of GPS devices “that may be at risk,” the company said in its filing…“This issue will be resolved by good data, smart engineers and good-faith problem-solving dialog,” Sanjiv Ahuja, the company’s chief executive officer, said in a news release