Wednesday, February 22, 2012

LightSquared Cuts Staff by 45 percent

If you have been following the saga of LightSquared, another blow was announced -- they will be cutting their staff by 45 percent.  First the FCC denied them a license, then they defaulted on a loan.  It doesn't look very good for LightSquared or for any of the companies that signed up to distribute their satellite based LTE signal.  All because their satellite based LTE signal interfered with GPS signals (Don't think military or consumers would like it too much if GPS stopped working)