Friday, 29 August 2014
Last updated 2 hours ago
Dec 14 2011 | 3:54am ET
Harbinger Capital Partners’ proposed wireless Internet venture when on the offensive yesterday in the wake of a devastating report on government tests.
LightSquared said yesterday that it would delay one planned power increases for its receivers and abandon another entirely as it seeks to mitigate interference with global positioning systems. The move comes days after the results of recent government tests were leaking, showing that LightSquared’s system interfered with 75% of tested GPS devices.
LightSquared took issue with those results, arguing that a proper analysis of the tests indicates that only 15% of GPS devices suffered interference, and even those were “completely operable with no impact on the user’s experience.” The company is also demanding an investigation into the leak.
LightSquared said its new power-increase plans demonstrate “that an engineering solution to the interference issues with GPS devices is possible.”
The company’s opponents remain unconvinced. “LightSquared insists on using its own self-serving definition of what constitutes harmful interference,” Dale Leibach of the Coalition to Save Our GPS said.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...