Deere Says LightSquared Will Interfere With Farm Equipment

Jun 23 2011 | 8:04am ET

Harbinger Capital Partners’ wireless broadband venture says it can reduce interference with global positioning systems for 99.5% of all GPS receivers in the U.S., but Deere & Co. said yesterday the venture will still interfere with agricultural equipment.

LightSquared, which accounts for some 60% of Harbinger’s holdings, proposed using a different spectrum of frequencies generally restricted to satellite users. Previous tests using the previously proposed spectrum showed significant impact on GPS systems.

“The LightSquared proposition would degrade most of our GPS receivers and their capability of helping the farmer in precision agriculture, as far away as 22 miles,” said Deere spokesman Ken Golden during a conference call with reporters.

LightSquared received preliminary approval from the Federal Communications Commission in January but must submit a report on interference by July 1 to get final clearance.

“There are still solutions that need to be reached for precision GPS receivers,” Martin Harriman, a LightSquared executive vice president, told Bloomberg. “We just need to be able to sit down together, work cooperatively, and figure out what the fixes are.”

Golden, however, says Deere sees no solution, “The technical solutions aren’t there at this time.”

Despite the current uncertainty, LightSquared has struck a crucial deal with Sprint Nextel to help build and operate the network. Sprint will also be a major customer.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR