LightSquared Says Tests Show No Interference

Dec 8 2011 | 2:23am ET

The Harbinger Capital Management-backed wireless Internet venture LightSquared trotted out a new series of tests it claims shows that it is "well on its way" to resolving the global positioning system interference issues that have dogged it in recent months.

New tests from an Alcatel-Lucent laboratory show that GPS devices from at least three companies outdid performance standards in spite of LightSquared's network. But those tests, which involved devices from Javad GNSS, PCTel and Partron, were dismissed by LightSquared's opponents.

"The results announced today do not address proven interference to hundreds of thousands of existing high-precision GPS receivers in a wide variety of critical uses," said Jim Kirkland, general counsel for GPS maker Trimble Navigation and an outspoken opponent of LightSquared's plans. According to Kirkland's Coalition to Save Our GPS, LightSquared's signal could interfere with key farming, aviation and other navigation systems.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...